Lightning Fast (And Expensive) Home Sales in Noe Valley During May

Are you thinking about buying a single-family home in Noe Valley? Then you better put on your running shoes and be prepared to act quickly as homes in this neighborhood are selling lightning fast (and for big bucks).

Last month seven (7) homes sold after spending an average of only 20 days on the market before going under contract. Pretty quick, huh?

Due to the severe imbalance in the supply and demand of homes for sale in Noe Valley prices remain elevated. The average sale price during May came in at an impressive $2.2 million. May marked the 4th consecutive month where the average home price exceeded $2 million.

A few notes on the May sales: The interior finishes of 27 Day St were dated and this property could benefit from modest renovations. 354 28th St was tenant occupied at sale. 619 29th St was renovated prior to sale. 470 Alvarado St was sold all cash.

Feel free to drop us a line to discuss the market or if you would like help buying or selling a home in Noe Valley.

Address Type List Price Sale Price Date Sold Days on Market
27 Day St 3BR/1BA $895,000 $1,310,000 5/30/14 43
354 28th St 2BR/1BA $1,100,000 $1,525,000 5/2/14 19
470 Alvarado St 3BR/3BA $1,895,000 $1,935,000 5/30/14 39
619 29th St 4BR/3BA $1,998,000 $2,420,000 5/9/14 14
825 Duncan St 3BR/3BA $1,995,000 $2,500,000 5/14/14 12
587 Jersey St 4BR/3.5BA $2,249,000 $2,500,000 5/22/14 7
235 28th St 4BR/3.5BA $2,799,000 $3,364,000 5/30/14 7
Average   $1,847,286 $2,222,000   20
Median   $1,995,000 $2,420,000   14

 

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