Weekend Events and the Weekly Real Estate Update

Posted by Garey De Martini on Friday, August 10th, 2018 at 11:34am.

Now in its 11th year, Outside Lands takes place today through Sunday in Golden Gate Park. Once again the festival will showcase world class music, art, and comedy along with some of the Bay Area’s best food, wine, and beer. Headliners include Janet Jackson, Florence + The Machine, and The Weekend. Meanwhile, there will be a huge “Rooftop Park and Salesforce Transit Center Opening” Block Party on Saturday from noon to 4PM — admission is free. There’s also the 2018 Hillwide Garage Sale in Bernal Heights on Saturday from 9AM to 2PM. Lastly, the Pistahan Parade & Festival takes place on Saturday and Sunday, celebrating the best in Filipino art, dance, music, and food — admission is free.


On the “Homes for Sale in San Francisco” front, here’s our report for this week, 8/5/18 – 8/11/18

SF Just Ranked Among Top 5 U.S. Cities in Which to Live

We are constantly hearing about how expensive it is to live in San Francisco, and how people are moving away. Yet the website WalletHub just compared the 62 largest cities in the U.S. based on 56 key indicators of attractiveness, and found that San Francisco ranked 4th in the nation, just behind Seattle, Virginia Beach, and Austin.

Affordability is clearly a problem, but San Francisco ranked 2nd in “quality of life”, 3rd in “Education and Health”, and 6th in “Economy”. We were surprised at the economy ranking, but “Building-Permit Growth” and “Wealth Gap” were both factored into the category, and that might explain the lower than we would expect rating.

According to the report, cities all across the country are dealing with issues around the high cost of living, pollution, traffic delays, and limited living space. But big cities represent opportunity, economic and otherwise, which appeals to people of all walks of life — especially young professionals seeking advancement in their careers and social lives. Another main draw is easy access to diverse dining and entertainment options.

The bottom line is this: San Francisco remains a city that draws people from all over the world. People want to live here and, given our limited supply of real estate, that demand continues to drive up the cost of rent and the price of homes.

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