These charts were compiled by the Paragon Real Estate Group. If the data is correct (and I’m reading it correctly), it would appear that the real estate bust has all but ended in Bernal Heights, with average home sale prices now exceeding their pre-bust highs.
Paragon did a little hocus-pocus with their calculations by stripping distressed property sales (i.e. foreclosures) from the mix. Yet that seems like a reasonable methodology, given that the accompanying table indicates the number of distress sales has also dropped in the last year:
Notice also that while average sales prices are at a new high of $907K, prices per square foot have not yet topped their 2007 peak of $666. For better or for worse.