We thought we'd take an updated look at what this might mean for the Haight.

According to the Paragon Real Estate Group, as of May 2014 the median home price in the area including Cole Valley, Buena Vista, Haight Ashbury and Ashbury Heights was $2.7 million, or about $950 per square foot. Presumably the over $2 million median comes in part from the size of the houses in Cole Valley and Ashbury Heights.

But even trending over time, Zillow reports indicate that home values in the Haight (which are not absolute but relative, on a scale they call the "Zillow home value index") are up 33% over the last year, more than 10% over the citywide average of around 20%.

Sean Sullivan, currently of Lennar Urban, is a San Francisco real estate agent focusing in residential sales who lives in the Upper Haight. Regarding the current Haight real estate market, he said, "Inventory is lower than it was last year, so that just means that the number of homes for sale is less than we had in 2013. As a result ... on average you're probably looking at 18-22% above list prices based on that competition."

Sullivan said that in addition to offering more cash and higher prices over asking, buyers are also adding other incentives to land their bids, including waiving their rights to conditional terms in contracts.

What about the rental market? According to the map published on SFist back in March, early 2014 rental prices for 1-bedroom apartments in the Haight were around $2,800. Current listings for the Upper Haight show the odd 1- and 2-bedroom apartment available with a flush of your typically slightly-sketchy $1k/month studio shares.

Point being, don't move if you can help it, and don't buy unless you have to. Zillow is predicting another 9% hike in average San Francisco home prices this year.