Your Bernal Heights Real Estate Report: Average Home Price Nears $1.2 Million During a Year of Living Vertiginously

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It’s been a while since we’ve checked in on Bernal real estate data, so let’s check in on Bernal real estate data.

First, the realtors at Downing & Company have compiled one of their periodic round-ups of recent Bernal Heights home sales. They tell us the up-and-to-the-right trend continued in February, with average home sale prices in Bernal bumping up against $1.2 million:

With all the hype surrounding Bernal Heights these days its no surprise to see that home prices were up during February. Last month fifteen (15) homes traded hands at an average price of $1,193,459 – setting a new record high for this neighborhood. While the hype factor is interesting (Bernal Heights is a charming, cool ‘hood in our opinion) keep in mind home prices are up across the city due to a perfect storm of tech job growth, low mortgage interest rates, the low supply of homes for sale, and a ravenous pool of potential buyers. With the Spring home buying season kicking off this week we suspect the market will remain heated.

3 of the 15 homes that traded hands last month were sold as fixer uppers (334 Holladay Ave, 357 Franconia St, and 501 Crescent Ave). The home at 131 Cresecent Ave included an unwarranted studio unit with a private entrance. The sale of 228 Ellsworth St was a rehab flip (it was bought in May 2013 for $705,000).

Visit Downing’s website for a more detailed breakdown of the sales mix.

Meanwhile, Neighbor Michael — aka Michael Minson, Realtor — reports that the year-over-year gains in Bernal Heights property value have been vertiginous:

San Francisco’s Bernal Heights neighborhood experienced a 23.5% increase in estimated home value from Mar 2013 to Mar 2014.

The median estimated home value in Bernal Heights was $973K. The median home value in San Francisco was $870k.

Neighbor Michael also shared a link to these April 2014 Bernal Heights real estate statistics:

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IMAGE: March 2014 Bernal homes sold, via Downing & Company

If San Francisco Is Becoming New York? And If So, What Is Bernal Heights Becoming?

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This week, New York magazine, which is rather popular in (wait for it…) New York, decided to do a special series of articles about San Francisco under a banner that asks, “Is San Francisco New York?

Your Bernalwood editor has deep Manhattan DNA (and a birth certificate to prove it), so we do not believe this to be a sincere question — no matter how much change-induced anxiety might exist at the present time. Nevertheless, included within New York’s story package is a piece by Mac McClelland entitled “Bernal Heights: A Gold-Rush Eviction Tale”:

It was a day last May, more than six years into my residence in the city, when I realized I was soon going to be out of a place to live. Our landlord—a shady, nonsocial guy I heard barking at his wife sometimes in the apartment where they lived above me—had sold our house. It wasn’t even on the market. San Francisco has some of the best tenants-rights laws in the country, but there were still ways we could be ejected. The buyers could move a family member into our apartment. They could take all the units—in our building, there were a total of three—off the rental market through the Ellis Act, which people had lately used to turn formerly rent-controlled units into exorbitantly priced for-sale condos. Ellis evictions were up 170 percent over the previous three years, evictions overall up 38 percent.

But there were other, uncounted cases. In ours, our new landlord, a hip-looking gal around my age who worked at Google, asked us if we would just leave. She said she just didn’t really feel like having tenants. Then she filed a lawsuit against us, alleging we were “causing substantial interference with the comfort, safety, and enjoyment” of others in the building. She said if we signed some papers and vacated, the lawsuit would go away. She called it a “dummy lawsuit”; it sounded so friendly.

“You said you didn’t want to fight, but here we are fighting!” she yelled at me when I called her to talk about this, her voice cracking.

… you know where this is going, right?

Bernalwood reached out to writer Mac McClelland to follow-up on the  particulars. Where did she live in Bernal? And where did she end up?

On the bright(ish) side, Bernal celebrity author (and homeowner) Liz Weil also has a piece in the package: Ocean Beach: New-Money Surfers Wipe Out Old S.F.

MAP: Via Visual.ly

Two Quirky Bernal Heights Houses, Now for Sale

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Two homes have come up for sale in Bernal Heights, and both are rather unique.

We’ll start with 4021 Folsom, a wacky little house that has always appealed to Neighbor Victoria. She lives on Precita, but she passes this place on the way to the Farmer’s Market, and she has long been smitten by it. Now she’s noticed it’s for sale:

My absolute FAVORITE house in Bernal is on the market- for a cool half-mill.  It is itty bitty- an adorable 650 square feet with a backyard that’s probably 20 sq ft lol. It was previously overgrown with an epic amount of morning glories (which were chopped down to make it more desirable??? ::whimper::) and it lost it’s gingerbread house appeal, sadly.  Maybe it will make a great home for a single dude millionaire??  It’s pretty raw inside (the loft??) and seems like someone’s been livin easy in there for a while!
I’m planning a drive-by morning glory seed bombing regardless, to restore it to it’s former greatness! haha

Banzai!! No tightass interior staging for 4021 Folsom; it’s totally WYSIWYG:

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Meanwhile, the other home, also just listed, is 124 Mullen.

It’s a favorite of mine, because it’s basically a midcentury Lake Tahoe chalet, right here in the City. Check out the view from the inside:

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Sure it needs a little freshening up, but tell me you: THIS is the house where you’ll want to be for the apres ski party after a ripping day on the slopes at Ski Bernalwood. It’s a 1948 sq ft 2 BR, starting at $1m. Lift tickets sold separately.

Hat Tip: Miss Sally at CurbedSF

Dialog Between Housing Rights Activists and Tech Workers Yields Little Dialog

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There was a community discussion of sorts in Bernal Heights on Tuesday night.

The topic was gentrification, evictions, and technology workers — and the interrelationship between the three — and the discussion took place at Virgil’s, the tasty new(isn) bar on Mission at Precita. Our D9 Supervisor, David Campos, was there, along with several housing rights activists and some people who work in tech.

Bernalwood doesn’t recall receiving an invite (grrrrrrrr) , but thankfully Ellen Huet from the SF Chronicle was there, and she described the scene:

The Tech Workers Against Displacement Happy Hour, led by a union organizer and a tech worker, had advertised itself as a place where tech workers “sick of being blamed for S.F.’s housing crisis” could come together to find solutions. As representatives from neighborhood groups took turns at the mike in Virgil’s Sea Room, some solutions emerged: volunteer at an advocacy group, or help Supervisor David Campos, who was there gathering support for his proposed tax on landlords who evict using the Ellis Act.

When it came time for the tech workers to say their piece, hands shot up. The man who interrupted earlier said he didn’t know, beyond suggestions to build a website for nonprofits, what he could to do to help. (“You could listen!” another man shouted.)

Brian Hanlon, a 31-year-old Forest Service employee, told tech workers to leverage their companies’ resources and encourage employers to “do the right thing.”

“If your firm is having trouble finding a great new acquisition target and they have tons of money sitting around, maybe you can encourage them to donate some of that to these (housing) nonprofits as well,” he said.

Wait. What?? Mr. Hanlon’s idea is nonsensical, so maybe it was just a flight of fancy. Still, rhetorical logic aside, a shakedown proposal seems like a counter-productive way to begin a constructive dialog.

Apparently, things never really got much better:

Several tech workers said they were encouraged by the night but still weren’t quite sure how to help such a complex problem right away without measurable goals or problems to solve.

And others were discouraged by the us-versus-them attitude. Brett Welch, a 30-year-old Australian transplant who founded a video startup, said he was heckled by a woman in the crowd who accused him of not having lived in San Francisco long enough.

“I said, ‘How do you even know that?’ She goes, ‘I just do,’ ” said Welch, who has lived in San Francisco for five years. “And I’m like, ‘No, you don’t. You have no idea how long someone’s been here.’ It’s just very polarized.”

The first meeting wasn’t very productive, he said, but it could accomplish one thing.

“I really want people to see that I have a face, and I have feelings, and I love the neighborhood that I live in,” he said. “And I don’t want to see people kicked out.”

Ah well. It would appear that what the evening lacked in neighborly warmth or problem-solving substance, it no doubt made up for in tribal solidarity, high-decibel “awareness-building,” and emotional catharsis.  Knowing Virgil’s, the cocktails were probably damn good too.

On the bright side, the Chronicle says David Campos helped organize the meeting, and he used it to make a campaign stop, so at least one attendee had a productive evening.

UPDATE: San Francisco mag also did a thorough write up on the event:

There’s one thing you need to know about last night’s “Tech Against Displacement” event in the Mission: It was not organized by tech. It was, to put it politely, a clever bit of wordplay to call it “Tech Against Displacement.” For instead of members of the tech community reaching out to solve San Francisco’s affordability and eviction problems, the people who showed up were largely the standard array of activists who’ve been hectoring techies about the woes that they’ve visited on the city.

It was only when the activists ceded the mic to actual techies in the later half of the event that some progress was made: Instead of talking at your tech neighbors, how about, you know, talking to them?

PHOTOS: Brant Ward for The Chronicle

Wednesday: Design Review Board to Consider Powhattan Housing Proposal

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There’s a neighborhood design review board meeting set for tomorrow night, Wednesday, February 26 at 7 pm at the Precita Neighborhood Center, to discuss a proposal to construct four single-family homes on the undeveloped “triangle” of land at Powhattan and Bernal Heights Boulevard.

Your Bernalwood editor knows nothing about the backstory here, but in consideration of the proposal, and our own YIMBY orientation, we would like to share a statement that we encountered recently in the Bold Italic, which provides a useful framework for thinking about these sorts of issues:

You can fight development or you can fight evictions, but you cannot logically fight both.

Morbidly Fascinating Home Sales Reflect Current Status of Bernal Heights Real Estate

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Last week our real estate-obsessed friends at the CurbedSF posted two stories that capture the zeitgeist of Bernal Heights real estate, now that we’re officially the hottest neighborhood this side of Tattooine.

To wit:

1. 228 Ellsworth Street, just sold for $1.6 million. That’s a $900,000 boost in value, nine months and a thorough renovation after the property changed hands last May for $705,000 .

2. 138 Elsie Street, a 2000 sq ft 3BR just sold for $1.69 million, nearly $300K over its asking price.

This would appear to be the new normal. Let the teeth-gnashing begin.

PHOTOS: Top, 228 Ellsworth, Below 138 Elsie, via SFARMLS

Real Estate Report: Low Supply + High Demand = $1.14 Million Average Sale Price and 24 Days to Contract

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The real estate people at Downing & Company have compiled their most recent summary of Bernal Heights home sales, calculated before Bernal Heights was declared the Best Neighborhood in the Entire Galaxy. The report for December indicates Bernal inventory remains tight, with relatively few properties hitting the market. The result of low supply and steady demand is (surprise, surprise!) an average sale price of $1.14 million and rapid sales once homes become available. Downing & Company says:

Single-family home prices in Bernal Heights ended the year on a high note. During the month of December eleven (11) homes traded hands in this neighborhood at an average sale price of $1,135,364. This figure was relatively close to the average in November that clocked in at $1,163,250, which represented the highest average price during 2013. Keep in mind with the relatively small number of homes that sell each month in Bernal Heights the average and/or median figures are subject to fluctuations due to high and low end sales and should be taken with a grain of salt.

The interesting question to ask is what’s next for this neighborhood? Recently, Bernal Heights was named as the hottest neighborhood in the country by Redfin. Will prices continue to push higher or have they hit a plateau? It will be interesting to see how things unfold with all the hype surrounding this charming ‘hood. One thing is certain, its still a sellers market out there. The homes that traded hands during December sold very quickly. They were on the market for an average of only 24 days before going under contract.

Read Downing’s original post for a home-by-home breakdown of the sales shown in the image above.

It’s Official: Bernal Heights Is the Hottest Neighborhood in America

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Is there a word for the emotion that combines a deep sense of pride with a profound sense of ambivalence? In English? Or, even better (for dramatic effect), in German? Because, dear Citizens of Bernalwood, that’s the feeling we suspect many Bernalese will experience upon reading the following:

The online real estate site Redfin just released their list of the Hottest Neighborhoods of 2014, and Bernal Heights occupies the top slot on the list.

First.

Number One.

Hottest.

In the United States.

Here’s what they have to say about us:

Bernal Heights has “It”. It has the small town feel while still being in San Francisco. You can feel as though you’re separated from the craziness of the city when you get home, yet are so close if you desire a night on the town. I think Bernal Heights homebuyers are attracted to all the parks that are available, access to Cortland street shops and restaurants, and the strong sense of community. Bernal also offers easy access to the 101 and 280 for those who work in the South Bay or travel a lot. 2013 brought a competitive market for all of SF, and especially for Bernal Heights. Nearly every offer I wrote in Bernal Heights in 2013 faced competing bids. People who buy in Bernal tend to see it as somewhere to put down roots and build a life rather than as a temporary place to live.

All that sounds about right. In an email to Bernalwood, Redfin’s Cory Ramsey explained how Bernal ended up on top:

Redfin based the rankings on the places that are trending among the millions of homebuyers searching on Redfin.com leading into the new year. Common features shared by the hottest neighborhoods include highly rated schools, short commutes and affordable prices. We also collected Redfin agents’ insights into which neighborhoods have seen the biggest growth in popularity among today’s homebuyers. Redfin created a Top 10 list for the country, looking at 21 top metro areas, and also broke down the top 5 neighborhoods for each city. Bernal Heights was the #1 overall.

Did you follow that? Neither did we.

Anyhow, Housingwire’s ReWired blog writes:

Congratulations, residents of “Bernal Heights North Slope” in San Francisco. You’re the hottest neighborhood of 2014, according to real estate website Redfin.

That’s the good news.

The bad news: Redfin is calling you and other communities securing spots on the “Hottest Neighborhoods of 2014” list the ‘Susan Luccis of real estate’.

Like the famous soap star, who spent years being snubbed by the Emmys before finally winning her award, Bernal Heights along with No. 2 ranked Eagle Rock (in Los Angeles) remains a hidden gem.

But no longer will these communities live on without the world knowing how great they are.

Hmm. Not really relating to that Susan Luccis metaphor, though we like the idea of Bernal winning an Emmy.

So there you go. Since we’re now officially the Hottest Neighborhood in America, let’s all take about 30 seconds to pat ourselves on the back before we begin gnashing our teeth over home prices, gentrification, and the enviable pitfalls of nationwide fame.

Bonkers Real Estate in Bernal Heights Is Totally Bonkers

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It might be the relatively large size of the home at 11 Wright in Bernal’s northeast corner, or maybe the modern amenities and handsome finishes. Or perhaps it’s the effects of a hallucinogenic drug that’s somehow entered our water supply…

Whatever the cause, we must note that CurbedSF gets it just right in a story by Miss Sally that runs under the headline, “Bonkers Real Estate”:

Do check out the sale of 11 Wright in Bernal Heights for your daily dose of San Francisco residential real estate madness. The 3-bed, 2,220-square-foot home was put on the market in mid-November asking $1.299M, and it just sold for $1.5M. That’s $201K over asking.

That is completely bonkers.

PHOTO: via Redfin

Real Estate Report: Bernal Home Sales Average $1.16 Million

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The real estate people at Downing & Company just compiled one of their spiffy summaries of Bernal Heights home sales, and the monthly report for November shows that single-family home prices have leveled off, with the average home going for $1.16 million:

Last month 12 homes sold in this neighborhood at an average sale price of $1,163,250. 8 of the 12 homes sold for more than $1 million. It looks like home prices have more or less stabilized in Bernal Heights. For the last 7 months the average home price has clocked in at roughly $1 million.

With more buyers than sellers in the market the pace of sales remained quick. The homes that traded hands last month were on the market for an average of 27 days before going under contract.

Read the original item for a home-by-home breakdown of the sales shown in the image above.

Meanwhile, for all you fans of seasonal Year In Review roundups, Downing also links to this monthly summary of 2013 Bernal Heights single-family home sales trends:

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IMAGES: Downing & Company

SOLD? Bernal Heights Home Where Janis Joplin Used to Party

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There’s a home at 11 Wright Street for sale in the Santana Rancho subdistrict of Bernal Heights, where Janis Joplin was apparently a visitor:

This spacious 3 level home with high ceilings, features an open floor plan including a large living room with fire place, formal dining room, large custom kitchen and direct access to the decks. There are 2.5 updated bathrooms and 3 bedrooms with an option for a 4th. The decks and a brick patio overlook the scrumptious landscaped oasis garden, complete with in ground hot tub, and slate pathways. Stunning city views from upstairs, refinished wood floors, freshly painted, large garage, laundry, storage and much more!

Much to our delight the former owners of the house came by to pay us a visit. They owned the house from 1968 to 1976 and shared great stories and amazing photos of the house during that time.

This legendary photo of Janis Joplin was taken upstairs in the main bedroom.

Here’s that bedroom today:

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Redfin tells us an offer on the home has already been accepted, with a sale pending.

IMAGES via Frank Castalini

Wednesday: Community Meeting to Review Home Construction Plans Below Bernal Hill

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Neighbor Alicia is spreading the word about a community meeting that will happen tomorrow, Wesdnesday December 11 at 7 pm at the Precita Neighborhood Center, to review a proposal to build two single-family homes on a patch of undeveloped land on Folsom near Chapman, on the south side of the hill just below Bernal Heights Blvd.

Here’s the meeting announcement:

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These Are the 10 Least Expensive Homes for Sale In Bernal Heights Right Now

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Miss Sally, our friend at the CurbedSF website, just published a fascinating round-up of the 10 Least Expensive Homes for Sale in Bernal Heights right now:

We combed through the listings to check out the current residential real estate scene in Bernal Heights. Boundaires are above and are set by the realtors, though several Bernal Heights residents have agreed with them. As always, no property in contract was included on the map. The least expensive listing on the map is a 2-bedroom condo on Glady St. that’s asking $580K, and the most expensive is a single-family home that’s asking $1.299M. Let’s get this party started!

Click through to take a detailed look at each of the 10 homes. The absolute prices may be alarming, but in relative terms, this list suggests you can still buy a single-family house in Bernal Heights for less money than it costs in many other parts of the City. FWIW.