Average Noe Valley condo price exceeds $1 million for fifth consecutive month

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1 Hoffman Ave #ATen more pricey condos sold last month in Noe Valley. September market the fifth consecutive month where the average condo price in this popular neighborhood exceeded $1 million.

The average sale price for September came in at $1,074,000, up almost $14,000 compared to the average in August at $1,060,100.

With intense buyer competition for the limited number of condos offered for sale, the homes that traded hands last month sold relatively quickly spending an average of 44 days on the market before going under contract.

These sales included a mix of two and three bedroom residences.  All were conventional sales, meaning no bank-owned foreclosures or short sales.

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