Noise Pop is presenting the sixth annual 20th Street Block Party to Benefit Mission Language and Vocational School. They expect 20,000 people will be there. It takes place Saturday, from noon to 6 PM, on 20th Street between Harrison and Bryant. The Polk Street Blues Festival happens on Saturday and Sunday, from 10 AM to 6 PM both days on Polk between California and Sutter Streets. Lastly, the 6th Annual Aloha Poly Fest takes place on Saturday, from 11 AM to 5 PM on the Marina Green.
On the “Homes for Sale in San Francisco” front, here’s our report for this week, 8/12/18 – 8/18/18
Our Aging Housing Stock
In San Francisco we celebrate our Victorian, Tudor Revival, and Edwardian Craftsman homes, among many other styles. This means though that our housing stock is older, certainly in comparison to much of the United States.
The entire country’s housing stock is aging however, as construction was hampered and slowed by the housing crisis, and has never fully recovered. According to MortgageNewsDaily.com, a nationwide survey puts the median age of owner-occupied homes at 37 years compared to a median age of 31 years in 2005. The aging trend accelerated during the Great Recession.
An aging housing stock means a growing market for remodeling. Old structures need new amenities, aging systems and components need repair and replacement, and rising home prices encourage home owners to spend more on home improvement. We see this in San Francisco, most often when properties are sold and bought. The transformations can be truly breathtaking.
This explains why there are construction crews busy at work in nearly every one of our neighborhoods. It may be inconvenient at times, but these makeovers are essential — keeping older San Francisco homes in pristine condition for the well-being and comfort of their occupants.