Nearly two-thirds of the homes in the city of San Francisco today are worth more than a million dollars, according to the real estate site Trulia that tracks home values. That dizzying number speaks to the city’s affordable housing crisis — a crisis that has officials fretting about housing even for families making $140,000 a year — and the breakneck pace at which it’s getting worse. The number of million-dollar properties, according to Trulia economist Ralph McLaughlin, has more than doubled in the city since just 2010.
These numbers, though, don’t convey the rise and spread of out-of-reach real estate quite like the below animation does. This map from Trulia tracks the methodical advance of million-dollar homes from the San Francisco neighborhoods where they’ve long been common to parts of the city that are newly becoming inaccessible. In some neighborhoods where a small fraction of homes five years ago were worth a million, a majority are today. These red dots represent homes that Trulia has valued at seven figures or more, not necessarily homes that have sold at that price
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.
If you have a gay real estate story that you’d like to share with us, contact us at firstname.lastname@example.org