🏡 Home sales slow
Plus: Klay's cold plunge
Hey there, San Francisco.
Last week, the real estate tracker Socketsite confirmed what I had been noticing across the city – there are a bunch of homes for sale right now.
Socketsite reports that the number of houses on the market in San Francisco has reached an “11 year seasonal high.” And, at 1,300 listings, housing inventory is up 40% compared to this time last year.
Part of the reason for higher inventory – sales are slowing.
The SF Standard said that in May, overall home sales in San Francisco were down 8% compared to last year.
As Compass market analyst Patrick Carlisle told The Standard: “All around the Bay Area, we’ve been waiting for that shoe to drop, and it finally has in the statistics.”
With interest rates (and inflation rates) and stock prices (and crypto prices), I’m sure we’ll be talking a lot more about our housing market in the months ahead.
For now… onto the news…
Quick bits: News to know
🗳 The city has “nearly completed” processing all the ballots from last week’s election, it said on Sunday. Here are three takeaways from the updated results:
At 65.1% of the vote, the $400 million MUNI bond (Prop A) isn’t going to pass. As Mission Local’s Joe Eskenazi notes, it's the first infrastructure bond (with a mayor’s blessing) that didn’t pass since 2005.
Voter turnout (46%) was pretty high – at least, it was higher than the school board recall, which had a 36% turnout.
And, Chesa’s defeat narrowed as more votes were counted. On election night, the gap was 60-40 in favor of the recall. As of Sunday, it was 55-45.
👀 State senator Scott Wiener received a death (and bomb) threat over the weekend, filled with hateful language.
Bomb-sniffing dogs eventually deemed his San Francisco house safe on Sunday.
On Twitter, Wiener said: “I receive lots of death threats & have for years. They’re mostly about our civil rights work for LGBTQ people & people with HIV. I’ll keep fighting, death threats notwithstanding.” (Chronicle)
🏆 The Chronicle’s Soleil Ho won the James Beard award for top restaurant critic. Their win was based on these three articles:
The Bay Area is having a love affair with smashburgers. This is the one you'll want to eat again and again
Impossible’s new vegan nuggets taste better than McNuggets. Sadly, that’s not saying much
S.F. restaurant’s $72 fried rice was a runaway hit. It was also the chef's nightmare (Chronicle)
🍩 Johnny Doughnuts, which recently shut down its Hayes Valley shop, will reopen in Pacific Heights later this summer. It’ll take over the former Smitten Ice Cream location at 2404 California Street. (Eater)
What else I’m reading: Links to browse
Racism at heart of trans bishop's exit, but corruption allegations surface (Bay Area Reporter)
The history and many origin stories of San Francisco's oldest home, the Abner Phelps House at 1111 Oak St. (SFGATE)
Photos: Largest Display of AIDS Memorial Quilt in a Decade Comes to San Francisco — With All the Emotions (SFist)
San Francisco Has Officially Reached Peak Caviar (Eater)
Skatin’ Place in Golden Gate Park Reopens (Richmond Review)
And finally… Klay in the bay
After a Game 4 victory, the Warriors’ Klay Thomspon celebrated by… taking a dip in the bay.
“The ocean heals the mind, body & soul,” Thompson wrote on Instagram.
Let’s hope Thompson’s cold plunge helps the Warriors get another win tonight. Game starts at 6pm.
That’s all for tonight. Have a wonderful night y’all and see you back here tomorrow. - Nick B. 🥶