Bernal Heights Home Sales Remain Strong!

Bernal Heights Home Sales Remain Strong!

Sales have been steady this year. We started 2009 slow as was the case in many areas of San Francisco but as we entered the spring and summer seasons things began to pick up. Typically, there would be be a few sales in the million dollar range throughout the year. In fact, I had the last million dollar sale in 2008 when I sold 160 Manchester for $1,165,000. It's a spectacular house. As the leading Bernal Heights Realtor, I have my finger on the pulse of this neighborhood.

We made an impressive rebound to strong levels. I recently sold 77 Winfield for $1,059,000 another impressive home. It was in contract before the first open house. Since May of this year properties in Bernal Heights have been experiencing strong interest and have sold more quickly than in many other neighborhoods in San Francisco. I don't see this trend slowing for several reasons but one main reason is that Bernal Heights has been going through a gentrification that has a long way to go. This outstanding neighborhood with some of the best weather and views in San Francisco sells at a discount to a few other desirable areas. Bernal Heights is this hidden secret neighborhood that once discovered is considered an amazing find.

I do a lot of farming (marketing to owners) here. Inventory levels are low, the demand is strong, and unless something changes I believe that there will be little to choose from in the near future. We have been noticing this decrease in supply throughout San Francisco. Pure economics implies that when supply drops and demand remains stable or increases, prices should begin to climb. Stay tuned as I will be reporting more in the coming weeks. At this point I don't see a lot of inventory coming on.

I'm in discussions with a few home owners, as I always am, about preparing their homes for sale. At this time this leading indicator suggests there won't be much coming on in the near future. There are a few homes in my pipeline. I'll keep you posted. I'm the real estate agent in the know. In short Bernal Heights Home Sales Remain Strong!

I'm Frank Castaldini, the Leading Bernal Heights Realtor and Trusted Advisor!

Picture of 77 Winfield in Bernal Heights. The Cressmans live there since 1993. I assist them in preparing this great house for sale. Once they located the replacement home out of the area we were ready to go to market and it sold before the 1st open house. Proper preparation and market knowledge made this happen fast.