Love it or hate it, San Francisco’s red-hot real estate market is a reality, and in the spirit of looking reality square in the eye, let us now take a moment to consider the new map of Bernal Heights Microhood Sales Trends for the first half of 2015, as compiled by Bernal neighbors and realtors Michael Minson and Danielle Lazier.
Just as they did for 2014 (and once again with Bernalwood’s permission) Neighbors Michael and Danielle tracked recent home sales data according to the boundaries of the official Bernal Heights microhoods map.
The basic story here should be morbidly familiar to all of us by now: Lots of people want houses in Bernal, but there are precious few houses here to buy. The result is a home sales price chart that keeps going up and to the right at double black-diamond angles.
Here’s another infographic to digest:
Finally, here are a few extra-credit observations from the Bernalwood News Team:
- The high. $1356 average price-per-square-foot in Precitaville may be skewed by the record-setting $3.15M sale price of 3407 Folsom, aka The Helipad. Bernalwood has learned that the buyers are also current Bernal residents, and that they may also be inclined to retain the lady-shark mural. (Personally, I hope they do.)
- Frustrated neighbors report that the Abandoned Million Dollar Party Shack on Mullen is still abandoned, with problems of vagrancy and graffiti continuing. Sad.
- Another silly episode of Mission Dollar Listing: San Francisco aired last night, and if you want to catch up on all the fake drama about the fake sale of that real home at 535 Gates in fake-crappy Bernal Heights, we heartily recommend this boozy recap of last night’s misadventures. Preview: It seems that Andrew, the incompetent realtor trying to sell the Bernal property, may be sort of fake gay. Or, at least, hetero-curious. How awkward.
IMAGES: Courtesy of Michael Minson and Danielle Lazier
Bernalwood 
An out-of-town agent showing an SF home? There’s our first clue…
Sorry, comment was in reference to MDL, not sure what happened here…
Craziness. I think there were only 5 houses that ever sold in Bernal for $2m or more through 2014. There have already been 4 houses that sold from $2m+ in the last 30 days alone.
It’s true – we had two $3M houses trade in the first half of 2015. I remember when the $2M house on Mullen was the record breaker – that was only two years ago.
Don’t like the trend? When you sell, take a bid on the lower end.
Since when is the one time you have to sell your largest investment a charity situation? Clearly you must be facetious.
Clearly!
I think Moultrie Expat may be highlighting the hypocrisy embedded in complaints regarding buyers “driving up the prices” and how it needs to stop. There are two parties involved in any sale, and there’s no rule that says you have to sell to the highest, all-cash buyer, but it seems that even many idealists become hard-core capitalists in that moment. Idea for Bernalwood: get data from real-estate agents in the area about how often the seller chooses a buyer who is offering materially less than the highest bidder (which, mind you, would still likely be a high price by normal standards). Sales to relatives would not count.
I was disappointed to real the Bernalwood map in a real estate ad.
Regardless of how you feel about the meaning of the content, you have to admit those are sweet info graphics.
Thanks! Neighbor Jennifer did them for us. #KeepitLocal
I believe there is another, related trend — one that is not being reported herein.
The rate of comments on Bernalwood posts about Real Estate seem to be declining. How alarming!
(Go back a couple of years to “the good old days” and within 24 hours of a Real Estate post, there would be at least 100 comments — those presenting the ills of increasing prices, the supply-and-demand retorts, inevitable gentrification and techie-buyer-bashing… Here? Barely a trickle…. Sigh. )
Actually, real estate posts tend to get relatively few comments, but lots of page views. I attribute this to morbid fascination combined with shame, modesty, and disgust.
Hm. Then it must be the posts about expensive homes being built / sold that veers the commenters into a frenzy of “pushing out long time residents” vs. supply-and-demand and lest-we-forget-rent-control …?
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“I attribute this to morbid fascination combined with shame, modesty, and disgust.” Lol Todd – that’s the funniest thing I’ve read all day. Cool infographic in the article. It’s interesting to compare these to the national averages. Here’s another infograph that outlines the top trends: http://www.thanmerrill.com/fortunebuilders-2015-real-estate-trends/