Weekend Events and the Weekly Real Estate Update

This weekend, once again it’s all about pride. With over 200 parade contingents, 200 exhibitors, and more than 20 stages and venues, the San Francisco LGBT Pride Celebration and Parade is the largest LGBT gathering in the nation.

Celebration and Rally
Saturday, 12:00 Noon to 6:00 PM
Sunday, 11:00 AM to 6:00 PM
Civic Center Plaza

Sunday, 10:30 AM

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 6/17/18 – 6/23/18

Pipeline of Residential Development in San Francisco Grows

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units where construction has recently been completed, the overall pipeline of apartments and condos under development in San Francisco increased by 2,600 in the first quarter of 2018 to a record 67,800. That’s an increase of 4,200 units over the same time last year.

What’s more, according to a recent SocketSite.com post, the number of units in projects which have already broken ground and should be ready for occupancy within the next year or two has ticked up by 475 to 6,750. However, that remains 23 percent below a recent peak of 8,800 — set in the third quarter of 2015.

Nevertheless, when building permits and proposals are added to the number of projects currently underway, San Francisco’s Housing Pipeline now totals 67,800 as mentioned. This figure includes 11,450 units of “affordable housing” which are to be offered at below market rates.