Weekend Events and the Weekly Real Estate Update

5 - It's Friday

As with every weekend in San Francisco, there are plenty of events happening across the City to keep you amused and entertained! Most notably, the Cherry Blossom Festival enters its second weekend of celebration. Japantown will again be bustling with events to celebrate Japanese-American culture. The biggest event of the festival – the Grand Parade will take place this Sunday, April 17th from 1pm. The parade begins at City Hall and will conclude in Japantown. A map of the parade route can be seen here.

The largest dog event on the San Francisco calendar also takes place this weekend! This Saturday DogFest is coming to town, so make sure to grab your fluffy best friends and take them along to Duboce Park in the Lower Haight from 11am-4pm. Details on the event can be found here.

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On the “Homes for Sale in San Francisco” front, here’s our report for this week, 4/10/16 – 4/16/16:

S&P/Case-Shiller is always a little behind with their reports, because it simply takes time to compile all the information they gather from across the country. Nevertheless, their reports carry a lot of weight with the media.

The S&P/Case-Shiller 20-City composite index showed that home prices rose 5.7% in January in line with expectations. Of note, the top cities for home price appreciation were Portland, Oregon (+11.8%), Seattle, Washington (+10.7%) and San Francisco, California (+10.5%).

Mortgage News Daily adds that among the largest metros, San Francisco metro now has the highest share of million dollar homes in the country at 58%. The other two Bay Area metros rank #2 (San Jose) and #3 (Oakland). Within the city of San Francisco itself, more than 63% of homes are valued above the $1 million mark. 

This is certainly in line with what we’ve been seeing in the market in recent years.

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