Average Noe Valley Condo Price Hangs Near $1 Million

As we head into the tail-end of the year the average price for a condo in Noe Valley continues to hang around $1 million. Last month 13 condos sold in this neighborhood at an average sale price of $985,923. The condos that traded hands during October were on the market for an average of 30 days before going under contract.

The market has cooled ever so slightly from the red hot conditions that prevailed during the Spring and Summer months. The number of buyers in the market still easily outpaces the number of sellers, however exorbitant prices are causing some to shy away and others to be not as aggressive. Multiple offers are still around just not to the extent seen a few months ago. It will be interesting to see if this is just our traditional Winter slowdown or a healthy stabilization in the market. Will the Twitter IPO create some pressure on pricing?  How about all the new residential construction with its high-end pricing? Time will tell. Stay tuned.

Till then, here’s what you neighbor’s pad just sold for…want to discuss the market, feel free to drop us a line.

Address Type List Price Sale Price Date Sold Days on Market
1185 Dolores St #1 1BR/1BA $625,000 $625,000 10/8/13 97
1185 Dolores St #2 1BR/1BA $599,000 $690,000 10/8/13 97
3776 26th St 1BR/1BA $689,000 $765,000 10/11/13 18
269 27th St 2BR/1BA $789,000 $860,000 10/21/13 19
3814 24th St #201 2BR/2BA $699,000 $898,000 10/1/13 14
2023 Castro St 3BR/2BA $949,000 $949,000 10/31/13 2
321 27th St 2BR/1BA $799,000 $950,000 10/11/13 8
1 Hoffman Ave #D 3BR/2BA $989,000 $1,110,000 10/18/13 43
738 Grand View Ave 2BR/2BA $995,000 $1,120,000 10/18/13 14
2021 Castro St 3BR/2.5BA $949,000 $1,125,000 10/31/13 34
57 Jersey St 3BR/1BA $969,000 $1,200,000 10/28/13 26
4315 25th St 3BR/2BA $1,050,000 $1,250,000 10/17/13 12
432 Fair Oaks St 2BR/1BA $1,049,000 $1,275,000 10/4/13 12
Average   $857,692 $985,923   30
Median   $949,000 $950,000   18

 

Sale prices and market data are based on information from the San Francisco Association of Realtors Multiple Listing Service.
MLS data is deemed reliable but is not guaranteed.

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