Weekend Events and the Weekly Real Estate Update

The weather should be spectacular this weekend, and of course Father’s Day is on Sunday. The North Beach Festival takes place Saturday and Sunday, from 10 AM to 6 PM on both days. There’s also the Annual San Francisco Juneteenth Festival and the Japan Day Festival, both on Saturday. As to where to take your dad on Sunday, Father’s Day, for brunch, lunch, or dinner, Open Table has a nice guide. To see it, click here.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 6/11/17 – 6/17/17

As areas like Noe Valley and Bernal Heights run out of cheaper inventory, developers have set their sights on other neighborhoods with good views and access to neighborhood amenities, according to a recent piece on SFGate.com.

For example, Glen Park recently saw a record sale with a newly built home that went for $5.4 million last month. Another record sale took place within the last two weeks, this time with a $1.9 million modern home in Bayview. Both had a streamlined design and terrific views.

This is taking place more and more throughout the City. If a neighborhood has a vibrant or growing commercial area, then the potential upside for builders can make the development risk worthwhile. This is what happened in Noe Valley, and it’s now happening elsewhere.

Warriors Celebrate NBA Championship Win in SF

The Golden State Warriors and friends celebrated their NBA Finals win at SoMa’s Harlot night club just hours after their victory over the Cleveland Cavaliers.

According to SFGate.com, team members started showing up at the club around 12:30 a.m., and as in the locker room after the game, the champagne flowed freely.

To see photos taken that night click here, and to learn more about today’s big championship parade and celebration in Oakland, click here.

The 63rd Annual North Beach Festival

This weekend the North Beach Festival takes place both Saturday and Sunday, from 10 AM to 6 PM on both days. It’s going to be a warm weekend, perfect weather for this big event.

Organizers say the North Beach Festival is considered one of the country’s original outdoor festivals. The event is situated in the historic North Beach District, known to locals and visitors alike as San Francisco’s Little Italy, and the home of the famed beat generation.

The family-friendly North Beach Festival will feature over 125 arts and crafts booths, gourmet food booths, two stages of live entertainment, Italian street painting, beverage gardens, and more.

The City’s Top Trucks

Food trucks have become big in just a few short years. There are more than 100 permitted trucks in San Francisco County to date, according to SFGate.com.

Using an algorithm (of course), Yelp identified the top 15 among them. Below, we present the top three.

To see the entire list presented in a slideshow, click here.

Same Situation, Different Outcome (We Hope!)

The Golden Sate Warriors return to Oracle Arena tonight up 3-1 in the series against the Cleveland Cavaliers in the NBA Finals. If this sounds familiar, that’s because this is exactly how it played out last year, just before the Golden State’s epic collapse – losing the series to Cleveland 7-3. Couldn’t happen again, right? Let’s hope not.

If the Warriors win tonight it will be absolute redemption, because that would mean winning Game 5 on their home court, just as we all thought they would last year. Unlike last year, Draymond Green will be playing, Stephen Curry will be healthy, and Kevin Durant will be on the court rather than Harrison Barnes – a very good player who played poorly in last year’s Finals.

The Warriors almost went 16-0 of course in these playoffs, but lost Friday night in what the Wall Street Journal called a weird game. To win, the Cavaliers had to score more points in the first quarter (49) than any team in any Finals game ever. They had to score more points in the first half (86) than any team in any Finals game ever. They had to sink more threes (24) than any team in any Finals game ever, too.

Let’s just hope history doesn’t repeat itself!

Weekend Events and the Weekly Real Estate Update

Another big weekend is coming up, and there are tons of things to do. The SF Jazz Festival continues with ten performances on Friday, Saturday and Sunday. Also on Sunday, The 2017 Escape From Alcatraz Triathlon takes place, along with a bunch of street festivals, including the Haight Ashbury Street Fair, Noe Valley SummerFest, and the “Sunday Streets” Huge Block Party at Sunset and Golden Gate Park.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 6/4/17 – 6/10/17

The low inventory of homes for sale is a problem, not just in San Francisco, but across the country. A recent Mortgage News Daily report looked at what is taking place.

Historically Americans have tended to buy their first home at a certain age, and move up into a newer, larger, better located, or more amenity laden home a few years later, and then perhaps move again to downsize or relocate to a more suitable place for retirement.

Lifestyle choices, and the housing crisis, disrupted all of this in recent years. Even though most markets have recovered from the real estate downturn, a new mindset has taken hold.

Today, not only are Americans buying that first home later than their predecessors, but once settled in, they seem to want to stay there. This has had ramifications for potential buyers as inventories of existing homes for sale are at record lows across the nation.

Old SF Neighborhood Has a New Name: The East Cut

The area around the Transbay Transit Center has recently been dubbed the East Cut, a name unveiled at a gathering at Solaire, a 32-story building at Fremont and Folsom streets. So says a recent SFGate.com report. The rebranding effort encompasses a growing section of the city; in the last decade, about 6,000 apartments and condos have been added to the neighborhood, with at least 2,000 more in the works.

Coming up with new names for sub-neighborhoods is a favorite San Francisco pastime. SFGate puts it perfectly:

“For a city of only 49 square miles, San Francisco is packed with a lot of neighborhoods. While Wikipedia puts the number at 40, locals would tell you there are at least a dozen more, from Lincoln Park to Balboa Terrace to Bayview Heights.”

Chronicle architecture critic John King East says developers explain East Cut is a reference to when Rincon Hill was bisected in 1869 to make Second Street a flat thoroughfare connecting downtown and the commercial waterfront. It may sound like a stretch, but who would have guessed the name Cow Hollow would catch on.