Weekend Events and the Weekly Real Estate Update

Spring is here, and it’s certainly worth celebrating! Two big San Francisco events do just that, in wildly different ways, and a third event is just plain crazy! Holi is the Indian festival of colors, and on Saturday the biggest Holi event in San Francisco takes place at California College of the Arts. On the other side of town, on Sunday in Cow Hollow, a second spring event takes place  — the 27th Annual Union Street Easter Parade & Spring Celebration. And the crazy event? The Bring Your Own Big Wheel (BYOBW) races at Vermont Street at 20th. Big people on tiny plastic big wheel bikes racing down the curviest street in the City!


On the “Homes for Sale in San Francisco” front, here’s our report for this week, 3/25/18 – 3/31/18

How Homeownership Affects Household Wealth

It is conventional wisdom that homeownership is key to household wealth, and the National Association of Home Builders makes a convincing argument for that theory according to Mortgage News Daily.

Based on data from the Federal Reserve’s 2016 Survey of Consumer Finances (SCF), not only does equity in a home constitute the largest component of aggregate wealth nationwide, it has a strong correlation with other sources of wealth on an individual basis.

The $24.2 trillion aggregate worth of primary residences constitutes about a quarter of all wealth on the balance sheets of households, surpassing “other financial assets” which include loans to someone else, future proceeds, royalties, futures, non-public stock, deferred compensation, oil/gas/mineral investments, and cash, a category valued at $20.2 trillion, and $19.3 trillion in business interests. Each of those account for about 20 percent of all wealth. The next largest slice of the pie is $15 trillion held in retirement accounts. Stocks and Bonds account for 7 percent of all wealth, at $6.9 trillion.

The report concludes by saying that across the nation among homeowners under the age of 45, home equity was the largest category of the household’s net worth. However, for homeowners above the age of 45, non-primary residence equity eclipses home equity as the larger portion of net worth, reflecting the accumulation of other assets by homeowners in later life stages.

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Outdoor Movie Nights Are Back in Hayes Valley

According to sf.funcheap.com, the spring series of free outdoor film screenings returns to the Proxy Walk-in Theater starting tomorrow. For 2018, the film series explores the nature of place and identity: how we shape the places that shape us. With humor, precision, and love, these stories of people and place paint a portrait of our shared condition.

The free Friday evening film screenings begin at 7:45 PM, with ‘doors’ opening at 7 PM. Come early to claim a good spot, enjoy a frosty Fort Point Beer (all proceeds support outdoor cinema at PROXY) and delicious fare from popular food trucks.

Here’s the lineup this year:

  • March 30th: I, Tonya
  • April 6th: Quest
  • April 13th: Florida Project
  • April 20th: Road Movie
  • April 27th: Lady Bird
  • May 4th: Brimestone and Glory

Proxy Spring 2018 Outdoor Film Series
Every Friday at 7:45 pm | March 30 to May 4, 2018
Proxy SF, 432 Octavia St, San Francisco
FREE

One Town, Two Wildly Different Spring Celebrations!

Holi is the Indian festival of colors, celebrating spring. And on Saturday the biggest Holi event in San Francisco takes place at California College of the Arts, 1111 8th Street at the base of Potrero Hill. You need to buy tickets to participate, but once in you’ll find an unlimited supply of color to toss around, along with music and dancing, performances, and local food trucks. It happens this Saturday, from 12 to 3 PM.

On the other side of town, on Sunday in Cow Hollow, a second spring event takes place  — the 27th Annual Union Street Easter Parade & Spring Celebration. Organizers say it can best be described as wonderful, wacky, elegant, and fabulous, with everything from roller-blading cows and creative self-propelled mini-floats to garden areas, live music, family activities, and outdoor dining. It happens this Sunday, from 10 AM to 5 PM on Union Street between Gough and Fillmore. The parade begins at 2 PM.

One town, two wildly different traditions, both great fun!

Where to Brunch on Easter Sunday

Looking for that perfect Easter Sunday brunch spot? 7×7.com has some great suggestions:

As of now, it looks like it’s going to be sunny and pleasant on Sunday, which will make brunch that day even more perfect! Enjoy!

Saddle Up for Sunday’s 18th Annual Big Wheel Races!

It’s an only-in-San-Francisco Easter Sunday tradition — the Bring Your Own Big Wheel (BYOBW) races at Vermont Street at 20th, Potrero Hill, where you’ll find what is actually the curviest street in the City. “Kids Only” races from 3PM – 4PM and “Adult Children” from 4PM – 6PM.

The event is free to watch  but registration is understandably required to race. Organizers hope participants will make a $10-20 donation on site or online to help cover City fees and other costs.

There aren’t many rules here.  The biggest request is that participants only bring Big Wheels or trikes that are made of plastic with plastic wheels. Why? In the words of their founder, John Brumit, “It sounds way cooler and control is overrated anyway.”

That last phrase is a pretty good indication of what  you can expect to see on Sunday. Absurdly wild and unimaginably fun!

Weekend Events and the Weekly Real Estate Update

It’s a big weekend ahead, with some sunshine mixed with some rain. Layers people, wear layers! Saturday there will be a rally in support of the National March for Our Lives movement. The rally will take place from 1 PM to 2:45 PM at Civic Center Plaza. Earth Hour 2018 takes place on Saturday night at 8:30 PM for one hour.  Lights will go out all over the City (and the world) to make a statement about climate change concerns. Also Saturday night beginning at 8:30, Pier 39 will be presenting a fireworks display in celebration of the Spring Equinox. Sunday is opening day for the two-week long Flower Show at Macy’s in Union Square. Also on Sunday, Sunday Streets is taking place in the Excelsior, and Presidio Picnic kicks off its sixth season on the Presidio’s beautiful Main Parade Ground — with food and drink from more than 25 local vendors, food trucks, and pop-ups.


On the “Homes for Sale in San Francisco” front, here’s our report for this week, 3/18/18 – 3/24/18

Where the Millionaires Are

In a recent study, SmartAsset.com looked at proportions of millionaires buying homes relative to populations in metro areas and cities across the country. It probably comes as no surprise that California is the most popular state for millionaires, with five metro areas in the top 10, and seven in the top 15.

What’s more, San Francisco leads the nation with the greatest proportion of millionaires purchasing homes here. San Francisco in this study includes the entire San Francisco-Redwood City-South San Francisco metro area.

Overall about 9,040 homes were bought here in 2016, and 158 of those homes were purchased by households earning at least $999,000 per year. It’s interesting to note that these buyers took out sizable mortgages. In our metro area, the average household earning at least $1 million per year took out a mortgage of $3.06 million.

Pictures of San Francisco in 1856

Don’t you love looking at photographs of San Francisco in the early days? We certainly do. It all looks familiar, but at the same time wildly different. The barren and sandy hills, the expansive bay, the wooden houses and brick commercial buildings, the dirt roads, and the occasional horse drawn wagon.

SF.curbed.com has done it again, posting 20 vintage photos from 1856, along with an interactive map that shows you where these images were made. It’s your chance to see San Francisco just when it was beginning to take shape.

In 1848, when news of gold in the California River first touched off a frenzy in America, San Francisco was home to only about 1,000 people. Within two years it had swelled to some 25,000. These photos capture that moment in time.

Our favorite image is the one of North Beach. Just amazing! To see the post, including all the photographs and the interactive map, click here.