We’ve got a sweet new single family home for sale at 26 St. Mary’s in Bernal Heights / Glen Park, so I thought it was only appropriate to take a look at some neighborhood trends and numbers.
Since the beginning of the year, there have been 30 homes with two bedrooms and one bathroom that have sold in the Bernal Heights neighborhood mls-subdistrict.
The most expensive two-bedroom home was in the 1683 block of Alabama St. It listed for $895,000 and closed for $1,180,000. Nipping right at it’s heels is 79 Wool St., which listed for $879,000 and closed for $1,171,500.
At the other end of the spectrum, the least expensive home with two bedroom and one bathroom was a foreclosure (REO) property that had been illegally subdivided into several units and was fully tenant occupied, being sold subject to tenant rights. That property listed for $300,000 and sold for $360,000.
The median list price for two bedroom, one bath homes listed and sold in the MLS is $699,000, with homes selling for an average of about 6% over asking. That said, there is obviously some extremely wide variation in what homes sell for in relation to their listing price.
I’d also like to give you a report on how things shake out on a price per square foot basis, but as I’ve written before, price per square foot pricing brings up a host of issues in San Francisco homes. In this case, the challenge is even greater because about 1/3 of the homes listed in Bernal this year don’t have a square footage attached to them. In some cases, brokerage policy prohibits the advertising of square footage in the MLS (it’s San Francisco’s #1 real estate lawsuit). In other cases, the agent may not have listed the square footage because they felt the numbers they had were not reliable.
Disclaimer: All data is from the San Francisco Multiple Listing Service (SFAR MLS). Data is believed to be reliable and accurate but is not warranted. Your mileage may vary!
So that’s a quick overview of market activity for two bedroom, one bathroom homes in Bernal Heights. What are your thoughts about the market?