Overbids On Noe Valley Condominiums Exceeding 20%

After getting off to a slow start in 2015 with only a small number of properties trading hands in January and February condominium sales in Noe Valley started to pick up during March. Last month 9 condominiums sold at an average sale price of $1.3 million. The upward pressure on pricing shows no signs of letting up as the demand to live in this popular neighborhood easily exceeds the supply of homes for sale. All of the condos that sold during March traded above their respective list price. The average overbid clocked in at 22% last month.

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Address Type List Price Sale Price Date Sold Days on Market
1485 Guerrero St 2BR/1BA $895,000 $1,045,000 3/12/15 32
325 Day St 2BR/1.5BA $879,000 $1,050,000 3/18/15 45
220 Day St 2BR/1BA $849,000 $1,060,000 3/19/15 15
369 29th St 2BR/2BA $1,095,000 $1,262,000 3/27/15 19
108 San Jose Ave #3 3BR/2BA $1,095,000 $1,315,000 3/4/15 7
55 28th St 4BR/1BA $1,195,000 $1,400,000 3/17/15 27
1342 Guerrero St 3BR/2BA $1,199,000 $1,430,000 3/6/15 14
514 Elizabeth St 2BR/1BA $1,095,000 $1,555,000 3/13/15 15
517 29th St #2 3BR/2.5BA $1,849,000 $2,250,000 3/13/15 11
Average   $1,127,889 $1,374,111   21
Median   $1,095,000 $1,315,000   15

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