Bernal Heights home prices set another record high

During June home prices in Bernal Heights continued to soar setting another record high for 2013.

Last month 16 homes traded hands at an average sale price of $1,098,619, up roughly $10K compared to the average in May at $1,088,619. Home prices in this neighborhood have been on a tear this year, up roughly 30% since January.

With mortgage interest rates spiking in the 30 days as the Fed contemplates easing monetary policy, buyers are rushing to the market to lock in cheap rates. The rush is producing quick sales. The homes that sold in Bernal Heights during June were on the market for an average of 31 days before going under contract.

More than half of the homes that sold last month in this neighborhood traded for more than $1 million. Only one property was sold as a fixer upper, 4013 Folsom Street (photo not available).

For more info or if you are interested in buying or selling a home in Bernal Heights, feel free to contact us.

Address Type List Price Sale Price Date Sold Days on Market
587 Banks St 1BR/1BA $589,000 $650,500 6/28/13 27
4013 Folsom St 2BR/1BA $737,500 $737,500 6/6/13 1
1686 York St 2BR/1.5BA $715,000 $805,900 6/28/13 56
17 Milton St 2BR/1BA $699,000 $817,000 6/25/13 24
849 Moultrie St 2BR/1BA $649,000 $830,000 6/20/13 14
745 Moultrie St 3BR/2BA $999,000 $938,000 6/21/13 28
3770 Folsom 1BR/1BA $799,000 $977,000 6/21/13 10
200 Genebern Way 3BR/2BA $979,000 $1,112,000 6/21/13 26
52 Bonview St 3BR/1BA $1,099,000 $1,115,000 6/5/13 35
1683 Alabama St 2BR/1BA $895,000 $1,180,000 6/17/13 35
154-156 Park St 2BR/1.5BA $1,025,000 $1,225,000 6/26/13 7
131 Ellsworth St 3BR/2BA $1,196,000 $1,250,000 6/19/13 161
119 Prospect Ave 3BR/2BA $1,049,000 $1,300,000 6/26/13 19
190 Rutledge St 3BR/3BA $1,475,000 $1,475,000 6/25/13 19
1635 York St 4BR/3BA $1,195,000 $1,480,000 6/26/13 3
28 Montcalm St 4BR/2.5BA $1,295,000 $1,685,000 6/14/13 36
Average   $962,219 $1,098,619   31
Median   $989,000 $1,113,500   25

 

Sale prices and market data are based on information from the San Francisco Association of Realtors Multiple Listing Service.
MLS data is deemed reliable but is not guaranteed.

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