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January 16, 2009

Market Update: Bernal, Mission, Potrero

With a penchant for warm weather, Bernal Heights, The Mission, and Potrero Hill are popular among first-time home buyers. Here’s a look at the price averages in these neighborhoods over the last quarter of 2008:

Bernal Heights
Single-Family Homes
$827,877 (25 sold)

Condos
$641,333 (6 sold)

The Mission
Single-Family Homes
$690,220 (4 sold)

Condos
$638,545 (11 sold)
Take note: The most expensive condo sold was a 3BR/2BA, top-floor condo built in 2000, on Capp at 22nd Street with one-car parking.

Potrero Hill
Single-Family Homes
$811,250 (4 sold)

Condos
$619,677 (21 sold)
Take note: The 888 7th Street development represented many of the 21 condo sales in the past quarter. The highest-priced condo was a two-story 3BR/2BA unit on San Bruno Avenue (right opposite 280) that was listed at $869,000 and sold for $920,000 in early October.

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