Weekend Events and the Weekly Real Estate Update

The 25th Annual Taiwanese American Cultural Festival takes place at Union Square this Saturday from 10AM to 5PM. It’s a free event, and it draws thousands of visitors from all over the world to experience Taiwan’s unique cultural heritage and to recognize the contributions of Taiwanese Americans today.

If you go, you can eat up Taiwanese delicacies, enjoy live performances by world-renowned Taiwanese American performers, and learn more about Taiwanese history. You’ll also find exhibits that showcase Taiwanese culture, arts, and the latest in Taiwanese technology. It’s like a trip to Taiwan, without the 15 hour flight.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 5/7/17 – 5/13/17

According to a recent sf.curbed.com report, San Francisco had a net gain of 9,300 people in 2016, and led the way in housing construction in 2016. The City added 5,114 net new units to accommodate the newcomers, almost all of them (5,065) in multi-family buildings.

That’s second in volume to Los Angeles, which built 16,574. But San Francisco’s housing gain adds up to one unit per 1.82 new residents, whereas LA built at a rate of only one home per 2.5. Overall, the state added about 335,000 people and built about 89,000 homes, about one per 3.76 people, meaning San Francisco doubled the median state rate last year.

San Francisco may be on track to reach a population of 1 million people in less than two decades, although it’s possible growth may slow before then. Some have said that California in general and the Bay Area in particular are leaking residents. These figures would seem to contradict that proposition.


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