Yes, we know that San Francisco is probably the hottest real estate market in America -- some would say that the City by the Bay isn't America at all, but some otherworldly Avalon of mythic origin.
Certainly the steamed-up housing market is reaching mythic proportions, nowhere more so than the Bernal Heights neighborhood, the hilly residential community south of the Mission District.
Just look at some of these outlandish prices being fetched for cottages on postage stamp lots. The average sales price in April was over $ 1-million for these tiny charmers -- and no one doubts that they are charming. But 78 percent appreciation in two years on a place that didn't get a stick of renovation in the interim?
As one dizzied resident put it on the Bernal community blog, "WTF?"
No, we don't get real estate vertigo like that here in Lancaster -- but maybe that's a good thing.
Yes, but we (some) want a city that has the cultural qualities SF does. When you achieve that you have commensurate real estate prices. You also have more great restaurants than you can go to, more cultural events than you can attend and a street life that is vibrant every day, not just on first Fridays.
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