Noe Valley homebuyer demand remained strong for the month of February 2018 despite concerns of increasing home prices, rising mortgage rates, stock market volatility, and new federal tax changes. The condo median price showed a slight increase to $1,675,658 in FEB 2018 compared to $1,600,667 in FEB 2017, an increase of 4.6%.
Next month we begin to head into the biggest sales season of the year, running from March through mid-June. I look forward to keeping you updated on our Noe Valley real estate market every month. In the meantime, please don’t hesitate to reach out if you have real estate questions and/or I can be of assistance. I’m happy to help.
In this competitive environment, it’s essential to have a Realtor who knows the intricacies of a pricing strategy and who has a grasp on the market. Abigail Picache, a Broker Associate since 2004 is a San Francisco real estate expert who has consistently ranked in the top 10% of all real estate agents in the city.
Historical Price Comparison - Noe Valley Condos
| Year | Avg $Sq/Ft | % Chg | Avg Sale $ | % Chg | Median Sale $ | % Chg |
|---|---|---|---|---|---|---|
| Feb 2018 | $1110 | 3.9% | $1,608k | 0.4% | $1,676 | 4.8% |
| Feb 2017 | $1068 | - | $1,601k | - | $1,600 | - |
Historical Price Comparison - Noe Valley Condos
| Year | Avg $Sq/Ft | % Chg | Avg Sale $ | % Chg | Median Sale $ | % Chg |
|---|---|---|---|---|---|---|
| Feb 2018 | $1110 | 33.9% | $1,608k | 61.1% | $1,676k | 84.2% |
| Feb 2013 | $829 | - | $998k | - | $910k | - |
Historical Price Comparison - Noe Valley Condos
| Year | Avg $Sq/Ft | % Chg | Avg Sale $ | % Chg | Median Sale $ | % Chg |
|---|---|---|---|---|---|---|
| Feb 2018 | $1110 | 69.7% | $1,608k | 82.1% | $1,676k | 94.7% |
| Feb 2008 | $654 | - | $883k | - | $861k | - |