Weekend Events and The Weekly Real Estate Update

Skyline -Its Friday Banner

There are still some tickets remaining for this weekend’s Oktoberfest by the Bay which will take place today until Sunday at Pier 48. You can get a ticket here.

Sunday sees the return of the “Sunset Piano Block Party”, where you can enjoy a free five hour concert from one of the most scenic viewpoints of the City in Potrero Hill. Local craft beer and tasty food will also be served. You can find out more about the event here. 

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On the “Homes for Sale in San Francisco” front, here’s our report for this week, 9/18/16 – 9/24/16:

New homes being built in San Francisco today are 28 percent smaller than they were a century ago, according to a recent San Francisco Chronicle report. Between 1910 and 1919, the average new home built in San Francisco was almost 1,600 square feet, considerably higher than the national average of just under 1,400 square feet at that time.

New homes in the City today have an average of 1,150 square feet. In contrast, homes in other parts of the nation have for the most part grown in size over the past 100 years. Across the nation, the average new-construction home has ballooned to 2,430 square feet.

Space is obviously at a premium in San Francisco, and that has to account for the reduction in the size of our homes. Condos are typically smaller than single family homes for example. What’s more, the average number of people living in a household has shrunk, from 4.54 people in 1910, to 2.58 people today.

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