What the Median Price Buys You in San Francisco’s Gay Neighborhoods

Castro District, San Francisco Gay Real EstateWhere the Boys Are:

Based on the Trulia 2012 census study we reported on this Tuesday, San Francisco sports the gayest neighborhood in America for men: the Castro. Trulia, using census data, found that the next-highest concentrations of male couples in San Francisco are in 1. The Castro, then 2. Noe Valley / Glen Park / Diamond Heights, 3. Haight-Ashbury / Cole Valley / Panhandle area. All list homes over $600 per square foot. To get much below $500 per square foot and still have gay-male neighbors, Trulia suggests we look south to Brisbane, where homes can be had for $311 per square.

The Castro also topped Trulia’s list as the most expensive gay neighborhood in which to buy a home, with an average price per square foot of $671. What’s the median home price, then? And what does a “median” home look like? We’ll explore. Using median sold data, which are more realistic than median list data, we focused on the Castro’s home prices.

The median sold price in the Castro for both SFHs and condos was $788K in May of this year. At that price, however, we found only 3 listings on the MLS. The 3 listings below $800K are condos or TIC (tenancy in common) situations. Here’s one, a new listing for a 1 bed, 1.5 bath condo on Abbey St. Just 675 square feet, it’s listed at $599K.

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.

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