Strong demand for condos in Noe Valley push average price to $1.3M

As we roll through Spring, traditionally the busiest time of the year for home sales, tight market conditions prevail. This is especially apparent in centrally located neighborhoods like Noe Valley where the demand for housing easily exceeds supply. Last month prices continued to push higher. During the month of April eleven (11) condominiums traded hands in this neighborhood. The average sale price easily exceeded the $1 million threshold and came in at an impressive $1,309,545. Quick sales were commonplace. The condos that sold last month were on the market for an average of 28 days before going under contract.

A few notes:  144 27th St was a TIC to condo conversion. The sales at 1066 Guerrero St and 1070 Guerrero St are located in Nove SF,  an enviro-friendly LEED certified building constructed in 2010.

For more info or if you are looking to buy or sell a condominium in Noe Valley feel free to drop us a line. We can help.

Address Type List Price Sale Price Date Sold Days on Market
144 27th St 1BR/1BA $449,000 $505,000 4/30/14 45
1816 Castro St 2BR/1BA $789,000 $790,000 4/15/14 98
317 29th St #101 2BR/1.5BA $929,000 $1,120,000 4/11/14 8
1296 Church St 3BR/2BA $1,099,000 $1,325,000 4/4/14 41
1026 Sanchez St #1 2BR/2BA $1,199,000 $1,325,000 4/3/14 20
1496 Sanchez St 2BR/1BA $1,200,000 $1,350,000 4/11/14 27
1103 Guerrero St 3BR/2BA $1,095,000 $1,390,000 4/4/14 21
1026 Church St #2 3BR/2BA $1,149,000 $1,535,000 4/4/14 11
1070 Guerrero St 3BR/2BA $1,450,000 $1,540,000 4/11/14 12
1066 Guerrero St 3BR/2BA $1,495,000 $1,575,000 4/22/14 11
1140 Dolores St 2BR/2BA $1,595,000 $1,950,000 4/9/14 12
Average   $1,131,727 $1,309,545   28
Median   $1,149,000 $1,350,000   20

 

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.

RELATED CONTENT