Tag Archives: Bernal Heights

Ask Us: What’s The Real Estate Forecast For Bernal Heights

Where readers ask, and we (the community) try to answer.

We pulled this from Lily on Why the Fuss About Noe Valley. The question is pretty simple, the answer, however, is very complex:

What’s the real estate forecast for Bernal [Heights]?

The Fluj has already taken the bait and provided some answers on the thread, anybody else care to chime in here on Bernal Heights?

Our answer…it’s headed down along with the rest of the city and will bounce around the bottom for quite some time. We’d say the free-fall appears to be over, but the feeling of panic is definitely out there amongst buyers that the bottom is here, and there are buyers making offers across the entire city feeling the deals won’t get much better. Our advice to our buying clients, buy if you feel comfortable, then tune out for the next 5 years and enjoy your home. This applies to every nano-market the city has to offer.

Coming Soon: 613 Peralta (Bernal Heights)

You may have seen this great remodeled, two bedroom, one bath condominium at 613 Peralta in Bernal Heights on the market with another agent recently, well we’re bringing it back…at a lower price.

peraltaliv

peralta

This is a fantastic condo in an excellent location of Bernal Heights. It is close to Bernal Heights Park, has beautiful East/South East views from the deck, hardwood floors, stainless appliances, remodeled kitchen, one car parking, storage, and great neighbors! It is a small building (4 units), HOAs are low, and reserves are good. As soon as it hits the market we’ll be open every Sunday from 2-4 pm until it sells. It is also available to show by appointment, so tell your friends.

Previously priced at $569,000, we’ll be coming on under that (probably $539,000). We’re wrapping up the marketing efforts, getting photos up, statements ready, and all that good stuff, but if you’d like to get in there sooner, just give us a shout (thefrontsteps@gmail.com). Otherwise, look for it to be on MLS the first week of March.

-613 Peralta previous listing details [sfnewsletter listing page]

Choose Your Words Wisely and Reward Shall Follow

A lesson on marketing keywords: “Mill Valley style”…ding, ding, ding (think of the sound of slot machines in a casino)! “Bernal Heights”…ding, ding, ding! “On the market for the first time in almost 40 years”…ding, ding, ding! “TRIPLE LOT”…ding, ding, ding! “Cul-de-sac”…ding, ding, ding! “Shops and restaurants still a very short walk away”…ding, ding, ding!. “View home”…ding, ding, ding! “Owner will carry the loan”…ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding!



And that is how you get 145 Bonview (3 bed, 3 bath, $1,425,000) to practically fly off the shelf (14 Days On Market). It hasn’t closed yet, but it’s damn close, and something tells us that seller financing wasn’t necessary.

Of course, if you’re more into hovering well above all that Bernal riff-raff (joking of course) we’d be happy to find some clever marketing keywords for that too.

Crime on the rise in…wait…Pacific Heights?

In response to our recent post about rising crime in Bernal Heights, a reader forwards this:

“Hey Alex,

I live in Pacific Heights and belong to a neighborhood association. Yesterday I received this email from a neighbor who is passing along a warning about a robbery in our neighborhood. It happened last weekend. So I guess it’s not just Bernal Heights that is having problems with recent increase in crime. What gives??

AK

Fwd email:

At 11:30pm on Saturday, April 26th I was walking home from

dinner with my husband and my father. It was a very warm night and we could

not get a taxi from Pres a vis in the Presidio. As we approached Green

Street while walking up Divisadero, two young men wearing bright red

bandanas that covered their faces and carrying guns told me to give them my

purse. I did and they ran away – west on Green Street.

We promptly called the police who arrived within minutes. I

am mentioning this to the group because I have received two phone calls from

the police since the incident. Yesterday when they phoned they informed me

that they still had not arrested the guys, but in fact they had struck

several more times, that they know of, along Divisadero Street. One time

they even approached two men who were walking together, so it’s not just

women by themselves or in a group that are the target.

Both times the police called it was to ask if I could

identify the criminals in a lineup. Because the bandanas covered their

faces and they were wearing hats (along with baggy jeans and dark

sweatshirts) I could not be certain of their identities. The police

officers told me that the robberies are being committed by young members of

a Hispanic gang from South San Francisco. They drive down the street,

selecting potential victims, and then plan the attack a few blocks ahead and

escape again in their car parked nearby.

Please be careful walking at night. I was only 4 doors down

from my house when this occurred.

The police officer I spoke to last night assured me he would

call and let me know if/when they make an arrest.

Darnit, we’re going to have to find a cool video to brighten this Friday! And does this also beg the question, will this make Pacific Heights real estate prices go bust?

Weekly Fluj: Inventory, is there a lot of it?

Lots of people yapping on and on about how San Francisco listing inventory is through the roof, sales volume is in the toilet, and both median and average home prices have plummeted, but the Fluj says:

Seemingly the perception is that there is a lot of inventory, but is there, really? And as for prices, come on now!

Discuss, debate, have fun.

…and kicking it off, we’ll go ahead and show you Fluj’s first comment in the thread to get you going:

Right, so, “Inventory.”

Seemingly the conventional wisdom is that there is a lot of it. Why the disparity between what buyers in the field are actually excperiencing and the media/blogs then?

I did a search for available properties. I used a metric that I believe to be extremely common for San Franciscans. This is a search for a couple or a small family who hope to buy something with room to grow into.

The parameters are: 750K to $1.205M, 3 brs, 2 bas, 1 car parking. I limited the search zones to only generally safe(r) areas. Essentially I included everthing except Ingleside, Ingleside Heights, and Oceanview, all of 9 save Bernal and Potrero Hill, and all of 10.

I turned up 82 properties.

1. Of the 8 Richmond properties, only one was east of Funston, and it is a cosmetic fixer on 7th Ave for 899K. (On the market for 7 days, offers Tuesday, you best to hurry if interested IMO)

2. Twenty-seven are in the central or outer Sunset.

3. For areas 3, the Arch st. listing appears to be a nice little Merced Heights home for 559 a foot. Many searchers will not entertain areas 3.

4. For areas 4, if they are not on a very busy street or a fixer, only Forest Knoll, and Miraloma Park areas 4-D and 4-H have properties for 550-600 a foot. Like 3, many buyers will not entertain areas 4 as it is not particularly central.

5. Surprisingly, for areas 5, there are only two Glen Park listings. In Noe, there is only 4120 22nd, a permitted fixer in need of at least 600K in capital. In Ashbury Terrace, only one cosmetic fixer I know to have received two offers already. And there is one large fixer property up on Grand View — and it doesn’t have any views.

6. There was nothing in 6. This was surprising.

7-8. Nothing here. Not surprising.

9. Eleven are in Bernal Heights and will not appear in the search perameters of many groups. Two in Potrero Hill. The Wisconsin listing is a total fixer on a corner with very little southern exposure and an entrenched tenant. The Rhode Island property at $1.195M and 663 a foot appears to be a decent deal for North Slope.

So is that a lot of inventory? I really don’t think it is.