A surge in overbidding, an office boom flows south and a dead dead-mall deal

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Got an extra million? Purchasing a home in San Francisco has long required deep pockets, with its median home price remaining above $1 million since 2014. Now, competition has grown so fierce for a slice of Fog City that even the wealthiest would-be residents are failing to find a foothold. If you want to close a deal today, particularly at the higher ends of the market, it increasingly requires an extra million dollars, according to new data from Compass. In the first six months of this year, 144 homes sold for at least $1 million over the list price — [...] This article originally appeared on The Real Deal. Click here to read the full story.