49ers Win! Is This the Light at the End of a Long Tunnel?

We once wrote about the 49ers with some frequency. Not so much the past couple of years, as the almost unwatchable team piled up losses at home and on the road. But yesterday may have been the beginning of better days.

It was one win, against a Chicago Bears team with a horrible record all its own — just three wins in 12 games. But it was in Chicago, and Jimmy Garoppolo was starting his first game at quarterback for the 49ers due to an injury to previous starter C.J. Beathard. There was something almost magical about his performance.

Chronicle writer Eric Branch describes it this way in his report on the game:

“In his third career start, and his first with his new team, Garoppolo punctuated a performance marked by poise and precision by directing a 14-play, 86-yard drive capped by Robbie Gould’s 24-yard field goal with 4 seconds left to give the 49ers a 15-14 win over the Bears.”

With their new quarterback running the show, the 49ers had their most third-down conversions (10 of 18) since 2007, and won on the road for only the third time in 22 games.

Maybe General Manager John Lynch and Coach Kyle Shanahan knew what they were doing earlier this year when they sent a second-round pick in next spring’s draft to New England for Garoppolo.

Only time will tell. But at least for one day, it looked like the 49ers were back on the road to some respectability.

Advertisements

Weekend Events and the Weekly Real Estate Update

The 12th Annual “Snowbomb” Ski & Snowboard Festival takes place this Saturday and Sunday from 10AM to 6PM both days at Pier 35. It’s a celebration of all things snow, for skiers and snowboarders alike! On Saturday, the first 500 guests will get free ice cream at the grand reopening of the Häagen-Dazs shop in the Westfield San Francisco Centre Mall. Also on Saturday, the 2nd Annual “SingFest” 200-Voice Choir Music Festival takes place at the beautiful Mission Dolores Basilica from 8 to 10PM. It’s a free event, and it’s your chance to listen to over 200 hundred voices raised in song in this spectacular setting.


On the “Homes for Sale in San Francisco” front, here’s our report for this week, 10/29/17 – 11/4/17

San Francisco Has One of the Lowest Eviction Rates in the Nation

Rental site ApartmentList released a study last Thursday breaking down eviction data in major metros across the U.S. and came up with some potentially surprising news for the Bay Area: San Jose and San Francisco had the lowest and second-lowest eviction rates nationwide, respectively.

ApartmentList economist Chris Salviati acknowledges that this seems unexpected, saying:

“Although displacement of long-time renters is a sensitive and high-profile topic in fast-gentrifying markets such as the Bay Area, these metros actually tend to have lower overall eviction rates.”

“The list of metros with the lowest eviction rates contains locations well-known for their lack of affordability, such as San Jose, San Francisco, Boston and New York. While this result may seem counterintuitive, it seems to be driven by the fact that the most expensive areas also tend to have the best job opportunities.”

To reach this conclusion, Salviati referenced ApartmentLists’s annual renter survey (which drew roughly 41,000 responses) as well as the self-reported rental history of ApartmentList users. The results found that 1.2 percent of renters in San Jose had experienced an eviction, along with 1.6 percent of San Francisco renters, the lowest rates of all cities studied.

The highest eviction rate nationwide was Memphis, TN, with 6.1 percent. The national average came in at 3.3 percent.

To see the entire sf.curbed.com report and to learn more about the study, click on, or copy and paste, the link that follows: http://bit.ly/2iglJ66

The Bay Area Now Has Seven 3-Star Michelin Restaurants

Bloomberg put it nicely last week in a headline that read, “Why Foodies Should Flock to San Francisco Instead of New York.” The reason? There are now seven Michelin three-star restaurants in the San Francisco Bay Area. We lead the nation in that category, and we learned yesterday that New York now only has five.

When making the announcement about the seven Northern California restaurants, Michael Ellis, international director of the Michelin Guide, said, “New York has a lot of talent. But there’s a particular, creative energy and almost unlimited ambition coming out of California. There are huge Asian and Mexican influences, access to incredible products both locally and from Japan, and a young, thriving audience. It’s a perfect cocktail of things coming together for the city’s culinary scene.”

Below is a list of the seven Bay Area restaurants just awarded three stars:

Benu, San Francisco
Coi, San Francisco
The French Laundry, Yountville
Manresa, Los Gatos
Quince, San Francisco
The Restaurant at Meadowood, St. Helena
Saison, San Francisco

Forbes Just Named San Francisco the Coolest City in America

Another week, another survey. This time San Francisco was named the “Coolest” city in the country by Forbes. In fact, Forbes said, “San Francisco may be an almost perfect embodiment of coolness today.”

How did they determine this? According to SFGate, they used the following criteria:

  • Quality and quantity of recreational options, including sporting events, parks and zoos.
  • Share of non-chain restaurants in each city.
  • Percentage of commuters who use “eco-friendly” means of transportation such as bikes, mass transit or hybrid/electric cars.
  • Number of coffee shops, coffee roasters and breweries (the logic is that most people want to start their day with good coffee and end it with good beer).
  • Number of bars and clubs.
  • Net migration from 2010 to 2016.
  • Share of the population aged 25 to 34.
  • Diversity levels determined by Sperling’s Diversity Index.
  • Small business employment growth between 2010 and 2015.

“San Francisco is crushing it,” says Bert Sperling, founder of Sperling’s Best Places, Forbes’ partner on this semi-annual list. “It is very tough to deny that looking at what the readers and users have said they are looking for seems to be San Francisco.”

Sounds good to us, and explains why we love it here so much — though as the report points out, we do pay a premium to live here!

Despite Cost, 80 Percent of Renters Love San Francisco

It seems like we often hear that people want to leave San Francisco because it’s too expensive. A recent survey by the rental website Zumper seems to suggest that sentiment might not be as widespread as reported. The site surveyed 14,284 renters in 36 U.S. cities according to sf.curbed.com. Turns out the roughly 600 San Francisco respondents were among the most satisfied with their community in the country.

Asked to rank their satisfaction with the City on a scale of one to five, 49 percent of San Francisco survey takers gave the City a five. An additional 31 percent marked SF a four out of five score.

Sixty-three percent of San Franciscans say they moved to the City for work — that’s the highest response in that category among all metros. The online nature of the survey would suggest there may be a certain bias in the findings. Respondents would likely tend to be younger, more tech savvy and more affluent than non-respondents.

Still, we’ve heard and read that tech workers in the City are thinking about moving elsewhere because of the cost of living in San Francisco. Maybe that’s not quite so much the case after all.

To see the entire report, click here.

Giants’ Giant Development Plan for AT&T Parking Lot Approved

After more than a decade of planning, the Giants’ Mission Rock project secured a round of city approvals on Thursday to build up to 1,600 homes with 40 percent of the units priced for low-and moderate-income households.

In addition, according to the San Francisco Examiner, Mission Rock will include 8 acres of open space, 1.4 million square feet of offices and roughly 244,800 square feet of retail and industrial spaces. The project also calls for the renovation of the adjacent Pier 48 bulkhead.

The Planning Commission unanimously voted to certify the environmental review of the project, among other approvals. The project will still need to go before the Board of Supervisors, Port Commission and state bodies.

But hey, this at least gets them to first base, and we say way to go! That massive parking lot south of the stadium couldn’t remain a parking lot forever.

Long-Awaited Eight Tables Opens Tonight, Breaking New Ground

As we understand it, Eight Tables opens tonight, following two years of construction and preparation.  The restaurant brings a whole new concept to the City, based on an elite style of dining in China.

This is how Ellen Fort, with sf.eater.com, describes Eight Tables in the context of San Francisco’s current dining scene:

“Years after cementing itself as the birthplace of California cuisine, San Francisco has now become known as the “Land of the Tasting Menu.” The perfect storm of tech affluence, international travelers, and ambitious chefs has resulted in some of the country’s best dining experiences (and most Michelin stars). Now, there’s a new contender in town: Eight Tables by George Chen, the fine-dining apex of Chinese food and retail emporium China Live.”

“The menu is one of the city’s most expensive, clocking in at $225 for food, with an optional $125 wine pairing in tow. It’s also one of the most ambitious of its kind to open in recent memory, based on its construction bill (and lead time of over two years) alone. It’s also singular in its cuisine, which is shifan tsui, or “private chateau cuisine,” an elite style of residential dining in cities of China. There aren’t many Chinese restaurants operating at this level in San Francisco; unlike Mister Jiu’s, the upscale, one Michelin-starred restaurant down the street, it is focused only on serving prix fixe menus to small groups of diners each night, literally offering eight tables of varying size for reservation only.”

To see photos and read the entire review, click here.

Eight Tables  China Live, 644 Broadway, 415.788.8788