According to SFgate.com and RedFin.com, the Bernal Heights neighborhood of San Francisco ranks as #1 best place to buy, live and sell not only inÂ the Bay Area, but the entireÂ U.S.A.!
But go figure? District 9A as referred to us Realtors, have been stunnedÂ by the steepÂ appreciation ofÂ real estateÂ values and seeing ourÂ buyer clientsÂ fight to get into a moderate sizedÂ Bernal home. Offers in the double digits (with a few in the triple) have seen properties selling upward fromÂ $100k to $250k OVER asking price. Insanity you say? Hard to tell. But when a commodity is hot people will pay more to get what they want, It's a fact. I sold a home to my clients Ani and David on Nevada Street about 7+ years ago for $639k. 3 years ago they were considering selling and theÂ value was estimated at "below" what they originally paid.Â Today, their home equity price has probably doubled in value. The average sales price in Bernal asÂ of December 2013 wasÂ $982,500 with a 24.6% increase from 2012 to 2013.Â Suprisingly the word "Average" is key here folks. Buying power now isÂ just shy of $1 million.Â Holy smokes. And neighboring Noe Valley? Oh a measley $2 million.
Just right behind Bernal Heights coat tailsÂ is the community ofÂ Eagle Rock in Los Angeles, CA. But who cares? No.2 is only second best to No.1-Go Bernal!
See and readÂ for yourself: