NoeValleyRealEstateSF.com
N O E VA L L E Y NOTABLE SALES & STATS Q1 2018 presented by real sf properties
NO E VA L LE Y highest condo sale
highest ppsf condo
580 Diamond Street
1133 Church Street
3 bed • 3.5 bath • 1 car
3 bed • 1 bath • no parking
$ 2 360 000
$ 1417 per square foot
RAYBURN
ROMAIN
lowest house sale
EUREKA
SEVERN
BLANCHE
NELLIE
DOUGLASS
GR AN D
ALVARADO
CHATTANOOGA
22ND
VI EW
$ 1 400 000
DOLORES
HILL
AV E
3 bed • 1 bath • 1 car
NOE
WORTH
464 Hoffman Ave
COLLINGWOOD
21ST
DIAMOND
DOLORES
MERSEY
JERSEY
CHURCH
VICKSBURG
NOE
CASTRO
SANCHEZ
24TH
AD
R
lowest condo sale
ELIZABETH
HOMESTEAD
FOUNTAIN
MAR
KET S
T
HOFFMAN AVE
23RD
RT OL
25TH
PO
1 bed • 1 bath • 1 car
HIGH ST
4645 25th Street
CLIPPER
$ 870 000
N WAY LIA
E RN
CA
26TH
CESAR CHAVEZ
CESAR CHAVEZ
27TH RG BU
NOE
W NE
DOLORES
27TH
COMERFORD
DUNCAN
DUNCAN
28TH DI
VALLEY
DAY
CON BEA
30TH LEY LAID
CHENNEY
DAY
CHURCH
0 bed • 1 bath • no parking
$ 1555 per square foot
29TH
WHITNEY
4441 25th Street
SANCHEZ
LV D
HARPER
MINE DR
HT SB
NOE
IG
CASTRO
HE
GO
highest ppsf house
ON D
LD
AM
highest house sale
highest overbid condo
highest overbid house
4326 Cesar Chavez St
238 Valley Street
3829 25th Street
5 bed • 5 bath • 1 car
2 bed • 1 bath • 1 car
3 bed • 1 bath • 1 car
$ 5 500 000
33%
54%
G E T I N TO U CH TO DAY for a free consultation to find out what your home could sell for! call
(415) 305–8737 •
team@realsfproperties.com
2018 Q1 M ARK E T S TAT S
Market statistics are based on data for the 1st Quarter of 2018 from January 1 through March 31
H O U SE S
COND OS
24
median sales price
Houses
$ 2 537 000 +12%
median sales price
sold
+2%
29
change YOY
3%
16
slower
change YOY
Days to
Average
price per
ov e r b i d change YOY
$ 1186
16.5%
+25%
change YOY
av e r ag e
–1.5%
Average
price per
ov e r b i d
84
f o ot
%
of Houses
+60%
change YOY
ov e r b i d
$ 1166
+23%
change YOY
%
78
+50%
change YOY
av e r ag e s q ua r e
%
fa s t e r
change YOY
sell
12% f o ot
50%
Days to
sell
s q ua r e
+40%
change YOY
Condos
$ 1 635 000
sold
change YOY
18
–11%
change YOY
%
of Condos
+7%
change YOY
ov e r b i d
market update This Spring started with the question from many of our clients about how the new tax laws would affect the SF housing market, as the Spring market is always the time when we are evaluating trends and activity for the coming year. Many of our buyer clients wondered if home prices would fall as more people decided not to buy now that tax savings had come down for many people. What we have seen instead is a Spring market that is intensely competitive for buyers with less inventory than previous years ( saying something — as inventory has been low for 5+ years! ) Statistically, as of the end of March in SF proper, there were fewer total house and condo sales in the first three months of 2018 than in any of the previous five years. It’s impossible to say exactly which is causing the low
design: Candymuse.com
number of sales, but slight interest rate jumps, stock market volatility and ( for sellers ) the question of how and what to trade up for are all contributing factors. Locally in Noe Valley, we are still seeing a rise in home prices YOY as many buyers work to get a home before interest rates go up again. As far as the tax law question goes, we think the biggest impact it has had is the low inventory we are seeing as sellers pondering a trade up evaluate their next chapter. If you are thinking of selling, the current market is an extraordinarily good time to do so. We will be back next quarter with an update to see how the Spring market wraps up as we head into the Summer slow period. As always, whether you are ready to make a move or just gathering information, we’re here to help.
These analyses were performed in good faith with data derived from sources deemed reliable, but they may contain errors and are subject to revision. All numbers are approximate and how they apply to specific properties is unknown.
Zephyr Real Estate 2282 Market Street San Francisco CA 94114
Real SF Properties.com DANIEL FERNANDEZ ACEBO Cal BRE # 01412912
(415) 829-8232 danny@realsfproperties.com KIRA MEAD CalBRE#01905944
(415) 305-8737 kira@ real sfproperties. com HARRY CLARK CalBRE # 01140473
(415) 971-0608 harry@realsfproperties.com
Equal Housing Opportunity • If your property is now listed for sale this is not intended as a solicitation of the listing.
We Know Noe Valley — Put Our Expertise To Work For You In today’s market the difference between good and great can means tens of thousands of dollars. Why settle for okay when you could sell your home for more than you thought possible? Expert staging, marketing, exposure and negotiation can take the sale of your property to a whole new level. We focus on this market. We know what buyers are looking for. We know which properties set records and why. Let us take the sale of your home from good to great.
We offer a complimentary consultation to discuss how we can help you achieve your real estate goals, whenever you’re ready
NoeValleyRealEstateSF.com
• We know Noe Valley. From the secret views to the hidden parks, from small boutiques to neighborhood restaurants, we know what makes living in Noe so special. We’ve sold close to 100 homes in this special area. •W e produce one-of-a-kind listings that command top dollar for our clients. Expert preparation, staging and photography ensure your home gets the attention it deserves. •O ur marketing campaigns are targeted to the way today’s buyers view real estate and customized to reach the target demographic for your home. •W e take pride in being fierce negotiators, expert problem solvers and trusted advisors for our clients. •W e love to win for our clients. You’ll have the full support of a professional and experienced team on your side every step of the way.