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Bernal Heights Agency of Vivre Real Estate
This statistical analysis represents the current market trends during the third quarter in Bernal Heights.
To discuss how best to navigate this market when you're trying to buy or sell, please give us a call to discuss the possibilities.
"My wife and I were changing jobs requiring us to move to a different state, so in a somewhat sudden and quick fashion we realized we needed to sell our house. We interviewed several Realtors®, some of which we had already pre-existing relationships with, but Danielle (and Michael Minson) blew us away from the start. From their rapid responsiveness over email, to the professionalism in our initial discussion, we felt we could trust in them to not only sell our home but also help coordinate all that goes into selling a home. This was important to us since we would be traveling a lot, house hunting, and having to move out pretty quickly.
Danielle and Michael came up with a very unique and tailored sales strategy for our home and personal circumstances, allowing us to sell in record time (even by San Francisco standards), at a good price, and without having to shell out a lot of money to prepare the house for the market. Throughout the process, we could tell they were very thoughtful and deliberate about each step, which is important since no two real estate transactions are ever the same. We would definitely recommend Danielle and Michael, and we would consider them again for any future real estate transactions."
- JASON R. -
We’ve sold hundreds of homes in Bernal Heights, and helped as many buyers and sellers through some of the biggest decisions of their lives. After successfully closing so many deals, we know this business, and we’ve seen it all. We know how to delve through a contract with a fine-tooth comb to catch little things that other agents might easily miss. We know how to market your property and expose it locally and globally through multiple marketing platforms. We know how to negotiate contracts to get you the best deal possible. Most importantly, we know how stressful your life can be during these times, and how important this six- or seven- or eight-figure transaction is to you.
If you want to learn how you can find the perfect home, don’t hesitate to reach out for a no-pressure conversation with Bernal Heights Best Realtors. Connect with us today! It’s our pleasure to help guide you through the process, start to finish, and help you make the right choices while minimizing your stress.
2018 saw modest price gains for the Bernal Heights Real Estate market with a 5% year-over-year appreciation for single family homes. This is good by most standards across the country, but compared to city overall growth rate of 13%, Bernal’s recently hot real estate market has been tempered.
Bernal is one of the larger neighborhoods in San Francisco and has had more single family home sales than any other neighborhood in the city, by a considerable amount. 175 houses traded in 2018. Noe Valley is a distant second with only 128 homes sold in the same year. Since we cover such a large geography, we’ve analyzed our favorite neighborhood into micro-hoods, using nomenclature derived from our friends at Bernalwood.
Foggy Vista took the crown for highest median price per square foot for the year at $1,224/ft, followed closely by Cortlandia at $1,219/ft. Cortlandia is home to 497 Ellsworth, which sold for the highest price on a per foot basis at $1,744/ft. The highest priced sale of the year was also in Foggy Vista, where the founding and lone $4M club member sits on its perch at 2 Bonview. The bargain-priced sale of the year award belongs to 501 Crescent, which traded at $700k. This corner spot, which can best be described as a hole in the ground marked by a seemingly perpetual construction site, is an indication of value for a vacant lot around here.
2019 has started off with a bang, with busy open houses and strong buyer demand. Interest rates have stabilized and the Fed is signaling they may not raise rates for the short term. As the stock market holds steady and/or gains ground, buyers’ confidence increases and homes will likely trade more easily.
2018 was slower in the back half of the year than we’ve seen in a while, which may have caused some buyers to put on the brakes in anticipation of a market decline. However, the recent surge in new buyer demand since January 1st, assuming it sustains thru the first half of the year, may alter that expectation.
According to LinkedIn’s Workplace Report, hiring growth in the bay area is strong with a 5% increase in job postings for Dec 2018 compared to Dec 2017. Job and wage growth are the biggest factors affecting consumer’s confidence in real estate. SF companies, Uber, Lyft, Slack and Postmates are all expected to IPO this year with AirBnB and Pinterest hot on their heels. This fresh new batch of millionaires will almost certainly have a lifting effect on housing prices.
Overall, we believe the 2019 market looks good for sellers and remains challenging for buyers. Political chaos at the National level is the greatest concern for market stability and appreciation locally.
This market report is brought to you in partnership with Phillip Cannon of Guaranteed Rate®.
