Gay Realty Network

Real Estate News With a Gay Slant

San Francisco Real Estate Market Has Gone Over the Top

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San Francisco Real EstateIn San Francisco, a boom is always associated with its essential counterpart, the bust. They’re as typical to the city as sun and fog. And currently, the city is in one heck of a housing boom, but the national indices don’t quite do justice to how over-the-top mind-blowing crazy the situation has gotten.

For example, the S&P/Case-Shiller Home price index covers not just the city or county of San Francisco (identical) but includes four other Bay Area counties: Alameda, Contra Costa, Marin, and San Mateo. There are more counties in the Bay Area, but they’re not included in the index. Two of the cities in these counties – Richmond and Oakland – have made the lists of the nation’s most dangerous cities, justified or not, and home prices in these cities and other cities too are much, much lower.

So in terms of home prices, the five-county Case-Shiller index for “San Francisco,” though showing a significant gain, waters down the craziness happening before our very eyes in the real San Francisco.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Wolf Richter – See the Full Story at The Business Insider

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Featured Lesbian Real Estate Agent: Norma Cappello, Pismo Beach

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Norma Cappello, Lesbian Pismo Beach RealtorPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Looking for that special someone to guide you thru the selling or purchase of your home or investment? Need that special person that listens to what you want? Look no further. I have been licensed in Real Estate since 1991. My prior careers as a High School Principal and a Licensed Therapist have given me the skills of being very organized, helping people make decisions, and being a great listener. This allows me to help you identify your needs and get you the best possible result in your real estate transactions.

See Norma’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Florida

Featured Gay Real Estate Agent: Patrick Martin, West Hollywood, California

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Patrick Martin, Gay West Hollywood RealtorPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

For more than a decade, Patrick Martin has been an industry leader in West Hollywood and the Los Angeles real estate market. Handling a diverse portfolio of properties and clientele he’s known for flawless service, strong follow through and impeccable organization. From first time home buyers to experienced real estate investors, his clients come from California and all over the world. Patrick’s background as a General Contractor provides him a clear understanding of housing and the market that many competitors lack.

See Patrick’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in LA County

Featured Gay Real Estate Agent: Randy Merrill, El Dorado Hills, California

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Randy Merrill, Gay El Dorado Hills RealtorPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

I am a Top Producing Real Estate Agent in the Sacramento region. I represent buyers and sellers along the Highway 50 corridor, all the way from Folsom to Pollock Pines which includes El Dorado Hills, Rescue, Cameron Park, Shingle Springs, Diamond Springs, El Dorado, Placerville and Camino.

See Randy’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in California

Featured Lesbian Real Estate Agent: Trish McLean, Santa Rosa, California

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Trish McLean, Santa Rosa RealtorPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Trish has been a licensed California real estate agent for more than 15 years, and specializes in long-term investment strategies. She reminds all her clients to take the long view when purchasing real estate, no matter where the market is at the time.

See Trish’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in California

Featured Gay Real Estate Agent: Kirk Dahle, San Francisco, California

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Kirk Dahle, Gay San Francisco Real Estate AgentPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Kirk works hard for his clients, and uses his intuitive nature to provide fantastic customer service. Kirk’s previous clients have described him as ‘going above and beyond or ‘knowing all of our needs and far exceeding our expectations.

See Kirk’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in San Francisco

San Francisco, Portland, and Austin Top Metro Areas With Most LGBT Residents

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GallupPop

The San Francisco metropolitan area has the highest percentage of the adult population who identify as LGBT of any of the top 50 U.S. metropolitan areas, followed by Portland, Oregon, and Austin, Texas. Variation in the percentage who identify as LGBT across the largest metro areas is relatively narrow, with San Francisco’s percentage just 2.6 percentage points higher than the national average of 3.6%, and the lowest-ranked metro area — Birmingham, Alabama — one point below the national average.

The top 10 includes metro areas from every region of the country except the Midwest. Given the long history of a visible and politically active LGBT community in San Francisco, the city’s ranking at the top of this list is not surprising. Similar to San Francisco, Metropolitan Statistical Areas (MSAs) like Portland, Seattle and Los Angeles in the West, and Boston in the Northeast, are known for their progressive social and political climates and active LGBT communities. Hartford is the capital of Connecticut, which has permitted same-sex couples to legally marry longer than every state except Massachusetts.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

See the Full Story at Joe.My.God

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

New Report: SF Inventory Keeps Getting Lower as Prices Soar

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A gradual decline in inventory has contributed to the increase in overbidding among buyers, according to a new report from Paragon Real Estate. The real-estate firm tallied the number of homes, co-ops, TICs, condos and even 2-4-unit buildings listed on the MLS, starting just before the market recovery began in 2012. It found that while listings consistently peak in the spring and autumn, and plummet around the December holidays, those peaks and valleys have been sinking lower and lower over the past few years.

Paragon Report

The reduced inventory (as well as a widespread underpricing strategy by local realtors) has led motivated buyers to bid considerably over the asking price for the vast majority of S.F. sales. Paragon’s figures show that February 2015\0x2032s sales prices were an average of 8% higher than asking prices overall, with single-family homes selling for 12% over asking, condos averaging 7% over, and 2-4 unit buildings 2% over asking. “Houses are becoming a smaller and smaller percentage of city home sales (since virtually no new ones are being built), which has generally made them the most competitive market segment,” according to the report.

Now for some (slightly) good news for buyers: Paragon claims that even in this hot market a good 20%-30% of homes are price reduced before selling or are so overpriced they are removed from the market without a sale taking place. Now for more bad news: the less expensive the home, the bigger the buyer frenzy. “Right now, more affordable homes–for example, condos under $1 million–appear to be in particularly high demand,” according to the report.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Emily Landes – See the Full Story at SFGate

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

It’s Now Cheaper to Buy a Castle Than a San Francisco Condo

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Castle - Via Moulin

Hey, did you know housing cost in San Francisco is really high? Of course you did — you live here.

But, did you know that the mortgage is so damn high that it is possible to find a castle in Europe that is less expensive than some condos in San Francisco? Did you know that someone found FIVE castles that are cheaper than flats in the city?

And these castles aren’t exactly fixer-uppers either — these are liveable, go-ahead-and-fill-the-moat, literally-fit-for-a-king residences that you can actually move into.

So, if you’re thinking (and capable) of throwing down a few mil on a new house in the city, think about buying this sweet 45-bedroom castle in the Belgian Ardennes instead. You can actually do that.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Alyssa Pereira – See the Full Story at CBS Local

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Francisco.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

The Difference an Hour Makes

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