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. Low inventory of homes and high Buyer demand continued to push home prices higher for Noe Valley single-family homes with a median price of $2,950,000 for the month compared to $1,849,000 just one year ago, an increase of 59.5%.
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 Single Family Homes
| Year | Avg $Sq/Ft | % Chg | Avg Sale $ | % Chg | Median Sale $ | % Chg |
|---|---|---|---|---|---|---|
| Feb 2018 | $1149 | -10.3% | $3,427k | 91.9% | $2,950k | 59.5% |
| Feb 2017 | $1281 | - | $1,786k | - | $1,849k | - |
Historical Price Comparison - Noe Valley Single Family Homes
| Year | Avg $Sq/Ft | % Chg | Avg Sale $ | % Chg | Median Sale $ | % Chg |
|---|---|---|---|---|---|---|
| Feb 2018 | $2969 | 15.1% | $3,427k | 112.3% | $2,950k | 100.0% |
| Feb 2013 | $1790 | - | $1,614k | - | $1,475k | - |
Historical Price Comparison - Noe Valley Single Family Homes
| Year | Avg $Sq/Ft | % Chg | Avg Sale $ | % Chg | Median Sale $ | % Chg |
|---|---|---|---|---|---|---|
| Feb 2018 | $1149 | 47.5% | $3,427k | 117.4% | $2,950k | 96.7% |
| Feb 2008 | $779 | - | $1,576k | - | $1,500k | - |