Legacy Real Estate is a Powerful Force on Your Side!
The second half of 2019 has been an exciting one for Bernal Heights. In Q2 we saw 45 single-family homes sold in Bernal Heights. Homebuyers were encouraged with the prospect of cheap financing and sellers benefited from low inventory. As a result, homes sold on average 18+% over listing price. The price per square footage has reached a near-record high at $1,235 per sqft and the median home price reached $1,607,000.
As we examine Q3 single-family home sales in Bernal, we see some minor softening in our local market. 41 homes sold in Bernal Heights in the last 3 months, down 4 from the previous quarter. Typically, with fewer homes sold and fewer homes on the market home prices go up. The median home sales price is up over the last quarter with the median home sale reaching nearly $1.75 million. On average, buyers are bidding 16.84% over listing price, down 1.19% over the last quarter. As we look toward the end of 2019 we continue to see a favorable market. The IPO season continues to create new wealth and sellers will see the value of their properties climb.
Jennifer Burden and Carren Shagley love and understand the nuances of Bernal Heights real estate unlike any other. Carren moved to the San Francisco Bernal Heights neighborhood in 1970. Jennifer has fond memories of growing up on Bernal when many of the streets remained unpaved.
Fast forward and the real estate duo have helped hundreds of Bernal buyers and sellers achieve their home ownership goals. In the last year and a half Legacy Real Estate sold 12.5% of all Bernal homes over $3M. On average Legacy Real Estate client’s homes were on the market for as little as 11 days and secured a healthy 17.5% over listing price. If you are thinking of buying or selling in Bernal Heights and San Francisco or if you know someone that is – be sure to ask for references or check out our online reviews.
As one of the most experienced real estate teams in Bernal Heights, Jennifer and Carren know how important it is to understand the local market dynamics. In an environment such as the present one, in which homes go quickly and prices are rising, buyers and sellers need the expertise of the most skillful agents to navigate the local market waters with the most up to date information.
We stand by our work and our commitment to helping our community reach their goals of homeownership. Reach out to us today with any questions and find out for yourself why so many others have put their trust in Legacy Real Estate.
You’ve got questions and we can’t wait to answer them.
