Bernal Heights Market Update

How’s the market for real estate in Bernal Heights? It’s a question I get a lot these days, and not just about Bernal, but about every neighborhood in San Francisco. As you can see from the snapshot below, Bernal Heights continues to be an active real estate market. There are plenty of homes on the market, giving buyers plenty of choice… with prices starting for fixers at $299,000 and going all the way up to remodeled homes that are listing for over $1,000,000.

Bernal Heights August 2011 Market Snapshot

I am happy to share with you the sales prices for this market update, but MLS rules prohibit me from making that information publicly available on my website. It’s a ridiculous policy, but unfortunately I don’t make the rules and if I don’t abide by them then I’m in trouble. Which makes it harder for me to share anything with you, even a market update… so if you want to see the sales prices for these Bernal Heights single family homes, just fill out the information over there and let us know you are interested in Bernal Heights on the right side of the page and you’ll instantly receive the email!

I’ve been hosting open houses in Bernal Heights for the past several weeks, and my sense of the real estate market is that there are plenty of people out looking, but buyers are not feeling a particular sense of motivation, many seem to have a “wait and see” attitude. However, given the recent change by S&P to the American debt rating, it remains to be seen how buyers and sellers will react over the coming weeks. On the one hand, it could encourage buyers who have been on the fence to make a move before interest rates climb. On the other hand, the uncertainty could also cause buyers to just put their home purchase plans on the shelf for a while.

If you are a buyer or seller in the market right now, what are your thoughts about the market?

 

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