This neighborhood was full of working-class San Franciscans. That has forever changed
By Carl Nolte
Published on March 28, 2026.
The article discusses the changing nature of the San Francisco real estate market, driven by the rise of artificial intelligence (AI) boom and increase in demand. The author reflects on a period when a major house at 116 Elsie St. on the western slope of Bernal Heights sold for $4.7 million, the price of a mansion, and another recently sold for over $5.3 million. Both houses sold within three days for $705,000 above the original asking price. The article suggests that the rise in demand and technological advancements in the city have led to a significant increase in the value of these houses. The rise of AI activity has led to significant growth in the real estate industry, with demand outpacing supply of houses for sale.
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