Just south of San Francisco’s Mission District, perched atop a steep hillside, sits Bernal Heights. Traditionally home to artists and progressive-types, this little neighborhood once enjoyed relative obscurity, even managing to fly under the gentrification radar following the dotcom boom.
But it appears all that’s about to change.
Home prices in Bernal Heights have appreciated 111% in the past six years, according to an article in Business Insider by Melia Robinson, who published an account of her day touring this quant Bohemian neighborhood.
Houses for sale spent a median number of 16 days on the market last year, according to Robinson, and they sold for 13% above asking.
Trulia lists the median sales price for a two-bedroom abode as $1.58 million, noting that the area has seen a $200,000 increase in median home sales over the past year.
In her trek around the neighborhood, Robinson talked to a Realtor who said he sells mostly to buyers working in financial services and tech who want a small-town feel and breathtaking views.
According to Robinson, those views are unmatched.
“On a clear day, visitors can see the San Francisco Bay, the Golden Gate Bridge, downtown, and the hills of the East Bay,” she wrote.