Noe Valley average condo price easily exceeds $1 million (again)

With the onset of Spring condo sales in Noe Valley are starting to pick up again. During the month of March seven (7) properties traded hands. This compares to five sales that were completed during February and zero during January.

Overall inventory levels remain significantly depressed compared to 2012. During the 1st quarter of 2012 a total of 22 condos sold in Noe Valley. This compared to just 12 sales completed during the 1st quarter of 2013. As we head further into Spring and Summer (traditionally the busiest time of the year for home sales) more condos are anticipated to hit the market for sale.

Fierce competition for the limited number of condos offered for sale pushed prices over the $1 million threshold again. The average sale price during March came it at $1,160,500, up $136,000 compared to the average in February of $998,200.

The condos that traded hands last month were on the market for an average of 30 days before going under contract.

For the latest on condos for sale in Noe Valley feel free to stop by our office at the corner of Dolores & 22nd Street or give us a call at (415) 385-5263.

Address Type List Price Sale Price Date Sold Days on Market
4272 24th St 2BR/1BA $899,000 $920,000 3/29/13 42
286 San Jose Ave 2BR/1BA $880,000 $925,000 3/8/13 35
709 Grand View 2BR/2BA $995,000 $1,160,000 3/29/13 19
104 Clipper St 3BR/1.25BA $1,015,000 $1,228,000 3/8/13 22
4748 25th St 3BR/3BA $1,365,000 $1,360,000 3/13/13 46
607 Duncan St 2BR/2.5BA $1,250,000 $1,370,000 3/19/13 17
Average $1,067,333 $1,160,500 30