The Noe Valley real estate market remained competitive for MAY 2018 resulting in homes with an average of just 14 DOM (days on market) for single-family homes and 19 DOM for condos. The MAY condo median price was $1,100,000 compared to $1,305,000 one year ago, $925,000 five years ago, and $1,249,000 ten years ago—an interesting 11.93% decrease in median price. The surprising decrease in median price is due to the # of 1 bedroom condos with no parking that sold for MAY 2018. See MAY comparisons below of 1-year, 5-year and 10-year charts using data from the SFAR MLS.
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
| Date | Avg $Sq/Ft | % Chg | Avg Sale $ | % Chg | Median Sale $ | % Chg |
|---|---|---|---|---|---|---|
| May 2018 | $1473 | 30% | $1,425k | 9% | $1,100k | -16% |
| May 2017 | $1135 | - | $1,310k | - | $1,305k | - |
| Date | Avg $Sq/Ft | % Chg | Avg Sale $ | % Chg | Median Sale $ | % Chg |
|---|---|---|---|---|---|---|
| May 2018 | $1473 | 78% | $1,425k | 47% | $1,100k | 19% |
| May 2013 | $824 | - | $970k | - | $925k | - |
| Date | Avg $Sq/Ft | % Chg | Avg Sale $ | % Chg | Median Sale $ | % Chg |
|---|---|---|---|---|---|---|
| May 2018 | $1473 | 100% | $1,425k | 14% | $1,100k | -12% |
| May 2008 | $735 | - | $1,249k | - | $1,249k | - |