Our San Francisco Real Estate Report is a statistical extravaganza – and also really useful! But don’t just take our word for it – here’s an example of the types of questions it can answer. Noe Valley in District 5 has been one of San Francisco’s hottest neighborhoods for quite a while. It’s excellent weather and easy access to the peninsula for Silicon Valley commuters has made it a destination neighborhood
The chart to the left shows the median sale price for condo homes in Noe Valley over the past five years. Data is from the SFAR MLS, and we do not include tenancy-in-common properties in the condo category.
In 2009, the median sale price for a condo in Noe Valley was $765,000. The price has gone up for each of the past five years, and in 2013 the median sale price for a condo broke the $1,000,000 mark, with the median sale price being $1,002,000.
The average Noe Valley condo has appreciated 5.55% a year for each of the past five years.
The chart to the right shows the median sale price for single family homes in Noe Valley over the past five years.
As you can see, in 2009 the median sale price was $1,117,500 and in 2013 that value had dramatically appreciated to $1,700,000.
If you calculate out the annual appreciation rate, it comes out to almost 9% – 8.75% – for each of the past five years!
Single Family homes have appreciated an average of 9% per year for each of the past five years.
Noe Valley property values have been on the rise, and both condos and single family homes have done incredibly well. What are your thoughts about property values in Noe Valley, or any other part of San Francisco? We’d love to hear your thoughts in the comments below.