Brewery madness in the Bay!

I occasionally like a good beer and love trying new brews, especially with all the microbreweries popping up around the Bay Area. We had our annual Parkmead Community Associate block party this past Saturday and Adam, one of our Board members, was adamant about getting a keg of quality beer. He was given a budget and the task of ordering it. He got a beer called Simtra, a triple IPA by Knee Deep Brewery in CA with 11.25% alcohol. Apparently, there are folks who are very serious about their beer. This blog is for you.

We’ve blogged about Farm Creek Brewing and Calicraft in the past, and they remain standouts in Walnut Creek. There is also no shortage of amazing breweries in San Francisco, where the craft beer scene is unmatched in Northern California. Check out this list of lesser-known places to try next time you’re craving a beer in the city.

In the intro of that article, they mention my writer’s favorite local brewery, 21st Amendment. They recently built a massive new brewery and factory in San Leandro.

Of course, Oakland is also stocked full of good spots to check out the beer scene. Oakland Brewing Company, Faction, and Golden Gate Brewing come to mind, but I’ve heard great things about all the little breweries popping up in Oakland!

If you’re into beer, you’ll want to try as many of these cool places as possible. Start here in Walnut Creek and then move West from there. Make sure you take Lyft, and give a shout-out to your favorites!

Let’s talk about Millennials and Real Estate

My sons are Millennials. My Walnut Creek Lifestyle freelance writer is a Millennial. More and more of my clients and colleagues are Millennials, as that generation continues to age into home-buyers.

So, realtors like myself are starting to notice more trends with the market geared toward that age group. It’s a different real estate market for Millennials than it was for their parents – nowadays, they are graduating with huge student loan debts, having trouble finding lucrative work out of college, and then struggling to pay sky-high rents and mortgages once they do get jobs.

That said, Millennials are driving the real estate market right now, which has made the following observations more obvious.

From San Francisco realtor John Solaegui:

  • There is a low inventory of single-family homes in San Francisco
  • Millennial buyers don’t care about parking spaces (though this might be more prevalent in San Francisco – it’s contradicted by the graphic above!) with the rise of ridesharing apps – they’d prefer having decks or gardens for outdoor entertaining
  • Areas like Noe Valley, Glen Park, Bernal Heights and The Sunset in San Francisco are extremely popular with Millennial buyers right now

From the California Association of Realtors’ REALTOR Magazine:

  • Millennials are cashing in on equity at a historic rate, thanks to rising home prices
  • One-third of Millennials say they are considering applying for a HELOC (home equity line of credit) in the next 18 months – much more than Gen-X or Baby Boomers
  • HELOC’s are popular with Millennials because they can consolidate debt and afford home remodels with them

I think this is an interesting trend in our market. Home prices are high, but so are the debts and loans owed by Millennials, so we’re seeing more and more interest in new ways around that issue. And even more interestingly, Millennials are changing the way we market homes – who cares about parking when you don’t have a car, right?