San Francisco's real estate market has hit dizzying heights, with properties selling for prices that once seemed unimaginable. A six-bedroom home in Cow Hollow, listed at $7.95 million just two weeks ago, fetched a jaw-dropping $15 million. The sellers made nearly double on their investment within mere years of purchase.

Elsewhere, a 4,100-square-foot property in Presidio Heights sold for almost twice the asking price at $8.2 million, despite its mediocrity according to some. 'If you like to see cash lit on fire, come tour real estate in SF,' quipped one observer.

This isn't just a story of ultra-high-end homes; more modest properties are seeing frenzied bidding. A 2,300-square-foot home in Bernal Heights sold for $4 million, over asking price, within two years of an unsuccessful attempt to sell at $2.95 million.

The data backs this up: luxury home sales jumped 22% year-over-year in March, with homes being snapped up in a median of just 12 days. By contrast, non-luxury sales rose less than 4%, with prices remaining flat. The high end is operating on a different planet.

The invisible force driving this market? Silicon Valley's tech giants and their employees. As companies like OpenAI and Anthropic continue to enable secondary market share sales, the influx of liquidity directly impacts housing. With SpaceX and other tech behemoths still unlisted, the future looks even more mind-boggling.