Noe Valley Comes Roaring Back

Posted on July 6, 2011 by Misha

While single family home prices for San Francisco as a whole can’t seem to recover beyond being around 18% down from their all-time highs, Noe Valley home prices have come roaring back since the start of the year. The three month moving average for April was down just 1% from its all-time high of March 2008.  In May, the moving average slipped back to 6.5% off the all-time high.  Take a look (click to enlarge): Continue reading “Noe Valley Comes Roaring Back” »

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Commonwealth: Anything But Common

Posted on July 1, 2011 by Misha

In  Ratatouille, Anton Ego, the long-nosed and terminally jaded restaurant critic, sits down to his meal at Gusteau’s and, rather than ordering anything off the menu, says to his waiter:  ”Surprise me.”  When Ego takes his first bite of the film’s title dish, he’s instantly transported back to boyhood and his mother’s kitchen, all his cynicism upended by Remy’s fresh take on a Provencale classic. Continue reading “Commonwealth: Anything But Common” »

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That Rare Thing: A San Francisco Demolition

Posted on June 7, 2011 by Misha

Listed at $885,000 in November 2008,  this little Noe Valley fixer at 4209 24th Street sold for $896,000 in 31 days.

Two and half years later, the owners finally got their demolition permit.  It only took a few hours for the little box of ticky-tacky to come a-tumblin’ down.  Here’s what it looked like. Continue reading “That Rare Thing: A San Francisco Demolition” »

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San Francisco’s Best Schools

Posted on May 26, 2011 by Misha

Before curb appeal; before “walk-score” and commute; and way before closet space and water pressure, there’s the school.  For people with kids in tow or on the way, the primary determinant of where they want to live, right after what they can afford, is the quality of the schools in the neighborhood.

Where to turn for information? Continue reading “San Francisco’s Best Schools” »

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Spring Arrives in Noe Valley and Home Sales Warm Up

Posted on May 13, 2011 by Misha

January is the cruelest month for the housing market. Every winter, sales flatline for a month or two, before reviving with the spring.

This year, there were just seven sales in Noe Valley (Subdistrict 5.C) in January and February.  That’s the worst showing in my data set, which goes back to 2003.  Things picked up smartly, however, in March.  Take a look (double click the chart). Continue reading “Spring Arrives in Noe Valley and Home Sales Warm Up” »

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Home-Spotting: Second Time Around, 285 Douglass sells for $250,000 over asking

Posted on April 10, 2011 by Misha

Explain this one to me please.   Elegant if dowdy Victorian lists for $2.349 million in September 2010 and sits there for three months with no takers.  Relists in April at $2.3 million and in contract seven days later at $250,000 over asking price. Calls to the no-doubt-jubilant listing agent for some clarification were not returned, but the only thing I can think of to explain it is a brief and bloody bidding war.

[Ed. Update:  4/14/11: Thanks to John Farnham, the listing agent, for getting back to me.  There was indeed a bidding war.  Won by the guy with the all-cash offer and a promise to close in 7 days. And the extra $250,000 in cash.]

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Who to Believe? Case Shiller or Ken Rosen

Posted on April 3, 2011 by Misha

Case Shiller may be talking about double dip but Ken Rosen sees a somewhat brighter future for San Francisco’s residential real estate market. Here’s the doom and gloom at the national level from the recently released Case Shiller Report for … Continue reading →

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Price-Shopping San Francisco’s Neighborhoods

Posted on March 18, 2011 by Misha
2010 San Francisco Home Price by Neighborhood

This gallery contains 4 photos.

  San Francisco’s most expensive neighborhood?  In 2010, Pacific Heights beat out Sea Cliff by a long shot with a median price home costing a cool $3.5 million.  (And after witnessing the tsunami in Japan, people may be willing to … Continue reading →

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Noe Valley Sales Distribution Returns to Normal in 2010

Posted on March 15, 2011 by Misha
Noe Valley Sales Distribution 2010

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The median price of a single family home in Noe Valley in 2010 was $1,221,500.  The median price of a condo or TIC was substantially less, at $768,000. Total sales for the year were 233 units, divided evenly between homes … Continue reading →

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Noe Valley Back Smartly in 2010

Posted on March 10, 2011 by Misha

 

 

Author: Jack French -- Used under Creative Commons Permission 2.0

After nearly two years of sharp declines, Noe Valley single family home prices recovered smartly in 2010.  Not enough, however, for anyone to claim that Noe Valley is somehow immune from market forces affecting the rest of San Francisco.  As of December 2010, Noe Valley home prices were still down 20% from their all-time highs, almost exactly the same as prices for homes city-wide.

Here’s the chart (double click): Continue reading “Noe Valley Back Smartly in 2010” »

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