The Los Angeles Times Features ACME Real Estate in Latest Story on LGBTQ-Centric Neighborhoods
LGBTQ-centric neighborhoods offer home price premiums, studies suggest.
The Los Angeles Times recently examined the trend of “gayborhood premiums,” meaning the trend of elevation in average home prices in LGBTQ-centric neighborhoods. Recent Zillow research shows that neighborhoods with majority same-sex couples' average home values are up to 294% higher than surrounding metro areas, allowing gayborhood residents to cash in big!
The story featured the expertise of Leverage member and top brokerage in the infamously LGBTQ-oriented West Hollywood, ACME Real Estate. Director of Development, Summer Brighton weighed in on the phenomenon. As mentioned by Brighton, a significant price difference can be seen throughout the neighborhoods of West Hollywood even if the condition and quality of the homes are almost the same. “A community creates its own buzz, its own little marketing campaign. A store comes in, a bar comes in that hangs a rainbow flag - that starts a community, and then it’s the hot thing,” Brighton states.
As a leading brokerage servicing West Hollywood, ACME Real Estate has seen the gayborhood premium skyrocket in their neighborhoods, resulting in market-wide buzz. Check out some of their best WeHo listings below.
Click here to view more of ACME Real Estate’s listings.
This placement in the Los Angeles Times was secured by the Leverage PR Team. To learn more about gayborhood premiums in various markets and to view Brighton’s full feature, click here for the full article below.
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