Eleven (11) single-family homes sold in the Bernal Heights neighborhood of San Francisco during October. With ultra low interest rates and more buyers than sellers in the marketplace combined with the limited inventory of homes offered for sale – prices continued to move up.
The average sale price for October came it at $989,409 – a two year high for this neighborhood. The homes that traded hands last month were on the market for an average of 37 days before going under contract. All of these homes sold above their respective list price and all were conventional sales, meaning no short sales or bank-owned foreclosures.
3332 Folsom Street was sold as a fixer upper.
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