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March 17, 2014

Microhoods Key to Bernal Heights’ Home Values

Bernal Heights has many distinct areas within its neighborhood. From the hip enclave of Precita Park to the winding streets on the East Slope, the price of real estate literally varies depending upon which part of Bernal you’re in. So it’s important to lean heavily on sales in your particular part of the neighborhood when you’re accurately trying to determine property values in Bernal.

To help buyers and sellers with that task, I’ve deconstructed Bernal Heights into seven unofficial microhoods, complete with their respective price averages and low/high prices, as well as recent sales volume.

A few ground rules: My geographical boundaries are rough approximations, and there will be some overlap with streets that fall on microhood borders. Also, sales information is for single-family homes sold from September 2013-March 10, 2014.

North West Slope
Average Price: $1,195,589
Low: $699,000 High: $1,688,888
Number Sold: 10
northwestslope
The North West Slope has quaint tree-lined streets, hidden staircases and lots of charm. It’s near Mission Street’s bus lines and not far from the 24th & Mission BART station/30th & Church J Muni, as well as The Front Porch, Emmy’s Spaghetti Shack, Cole Hardware and Safeway. Five homes on the North West Slope sold above $1.3M over the past seven months, including a 2BR/2BA at the top of Bocana listed for $1,095,000 that sold for $1,610,000.

North of Cortland
Avge Price: $1,260,818
Low: $910,000 High: $1.6M
Number Sold: 11
northofcortland
This area just north of popular Cortland Avenue is generally its most expensive. Because who doesn’t want to be in walking distance of restaurants, cafes, shops, a grocery store, and library? North of Cortland’s narrow streets are dotted with architecturally appealing homes and have a village-like feel. There’s also easy access to Bernal Hill’s trails. Notable sales include the renovated Victorian at 228 Ellsworth for $1.6M, and the contemporary home at 77 Anderson, which had a down-to-the-studs renovation and sold for $1,499,000 in an all-cash transaction.

Precita Park
Avge Price: $1,206,125
Low: $934,000 High: $1,605,000
Number Sold: 8
precitapark
The Precita Park microhood has really blossomed over the past several years, and the high real estate prices here reflect that. From Precita Park Cafe and Hillside Supper Club to Harvest Hills Market and Precita Bark dog wash/shop, there’s a nice selection of retail businesses for locals to enjoy. And the park itself is a great place to relax and unwind, particularly for kids and dog owners. Prices for houses ranged from $934,000 for a modern cottage on Shotwell to $1,605,000 for a 4BR home just up the hill on Folsom.

East Slope
Avge Price: $1,097,467
Low: $700,000 High: $1,575,000
Number Sold: 15
eastslope
There was a time when Bernal’s more remote East Slope was home to dirt trails and vacant lots. As the area developed alongside Highway 101, streets were paved and staircases built to help people get around on the hilly, sometimes twisty streets. (In fact, a couple streets are only accessible by stairs.) Prices for homes on the East Slope aren’t stratospheric; the roughly $1.1M average was influenced by three sales for $1.4M+, including the 4BR contemporary view home at 365 Franconia that sold for $1,575,000. East Slope dwellers appreciate their low-key microhood, and even have their own architectural design review board to maintain the character of the area.

South East Slope
Avge Price: $937,500
Low: $750,000 High: $1,375,000
Number Sold: 6
southeastslope
The South East Slope is bordered by 101/Bayshore Boulevard and Alemany/280, and isn’t wildly convenient to the retail portion of Cortland. But the houses offer good space in a neighborhood where it’s a challenge to land a single-family house for less than $1M. For example, a really cool, 3BR/2BA mid-century modern home with east bay and southern views sold for $789,000 at 463 Nevada. And the best part? The Alemany Farmer’s Market is at your doorstep!

South of Cortland
Avge Price: $918,000
Low: $660,000 High: $1.5M
Number Sold: 9
southofcortland
Similar to its North of Cortland counterpart, the South of Cortland microhood is in proximity to the heart of Cortland Avenue. And you can actually find homes in the $700,000-$900,000 range. (Though the recent $1.5M cash sale half a block off Cortland at 330 Banks is the most expensive home ever sold in this microhood.)

Holly Park/St. Mary’s Park
Avge Price: $1,000,556
Low: $750,000 High: $1,255,000
Number Sold: 4
hollypark_st.mary's_south
Situated between Cortland and the Excelsior, Holly Park/St. Mary’s Park probably has the highest population of homeowners whose properties have been in their family for years. The homes in St. Mary’s are laid out on streets shaped like a bell, and St. Mary’s Park itself also has a popular, fenced-in dog area. Just to the north is Holly Park, which was renovated about ten years ago and is very popular with locals. It’s also only a few blocks from Cortland’s Avedano Holly Park Market, as well as the heart of the retail area. And nearby Mission Street gives you access to bus lines. Single-family home prices are solidly in the $900,000s, with the high-end topping out at around $1,255,000.

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