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Market stats for Noe Valley, Cole Valley, Mission Dolores, Glen Park, Duboce Triangle, the Castro, Haight Ashbury and more.
Citation preview
with realtor Kira Mead
Ta k e t h e S a l e o f Yo u r H o m e f r o m
G O O D TO G R E AT
Modern Real Estate for a Modern San Francisco
S A L E S & M A R K E T S TAT I S T I C S F O R YO U R N E I G H B O R H O O D • 2014
Every block is a short story, every hill a novel: LET US TELL THE STORY OF YOUR HOME.
2
M O D E R N R E A L E S T A T E F O R A M O D E R N S A N F R A N C I S C O
Y O U R S U C C E S S I S O U R S U C C E S S
DEAR NEIGHBOR,
It is our pleasure to share with you our annual
review of the District 5 residential real estate
market, which is based on extensive personal
research for our clients. In the section for your
neighborhood, you'll find a detailed breakdown
and analysis of sales for both houses and condos.
We hope you find this information useful as we
move toward a stellar 2015.
2014 was a great year for San Francisco real
estate, and 'District 5', in the heart of the city,
was no exception. The year was characterized
by incredibly low inventory and multiple, over
asking price offers on almost every property.
Prices also rose year over year in almost all
neighborhoods, most dramatically.
In 2015, we expect to see more homes come
on the market, and if you've been thinking of
selling your home, now is the time to harness
the power of a thriving, high competition market.
Each property is unique and the place to start
is seeing your home and providing you with
an analysis for what your property could sell
for. Whatever your goal, we're here to help you
achieve it.
We look forward to helping you succeed in the San Francisco real estate market.
Warmly,
Kira Mead & the Modern SF Team
3
What does it really mean to transform a space?
Take a look through our before and after photos to see what ‘creating a design-centric’
listing really means. Call or email us for more photos and the case studies of our approach
to these homes.
S T A G I N G & M A R K E T P R E P : B E F O R E & A F T E R
BEFORE AFTER
BEFORE AFTER
BEFORE AFTER
BEFORE AFTER
EVERY PROPERTY IS DIFFERENT BUT THE GOAL IS THE SAME:
showcase what makes your home special, and present it in way
that allows buyers to make that key emotional connection.5
O N - M A R K E T E X P O S U R E
CURBED.com • OUR HOME ON THEIR BLOGTRULIA
ZILLOWDEDICATED PROPERTY WEBSITE
Creating maximum exposure for your listing is vital to reaching the largest pool of qualified
buyers. From featuring our listings on Trulia, to Facebook ads that reach thousands of people
to our hyperlocal monthly magazine, we create a media blitz across all channels to ensure your
listing gets the attention it deserves.
We produce design-centric one-of-a-kind listings that command top dollar for our clients.
MONTHLY MAGAZINE FEATURE
bed 2bath 2bonus upper floor space
1222 Masonic AveSan Francisco CA 94117
CONDO IN HAIGHT ASHBURY
$1,094,000park 1 car
1222 masonic is the upper unit and spans two levels, featuring 2 bedrooms, 2 bathrooms, and a huge, special upper floor bonus space with a myriad of possible uses. The open living and dining room feature period molding, built-in shelving, modern lighting, and sliding doors opening to the private deck which lets in tons of light. The upper floor is very special, truly a wow space. Features include high ceilings, refinished parquet flooring, and new carpet as well as built-in shelving. Beamed ceilings and a decorative painted chimney add character to this gorgeous, sunny space and a private deck boasts views to downtown. This home is just a few houses away from bustling Haight Street, with a wide array of world-class boutiques, restaurants, and cafes. Blocks from the Golden Gate Park Panhandle as well as a short stroll to beautiful Buena Vista Park and charming Cole Valley, this home is perfectly situated for the ultimate urban lifestyle.
FEATURED
ON CURBED SF'S
10 MOST
BEAUTIFUL HOMES
TO HIT THE
MARKET!
N E X T U P :OUR REVIEW
OF DISTRICT 5
SEE HOW YOUR NEIGHBORHOOD
PERFORMED IN 2014
123456789
1011
Buena VistaClarendon HeightsCole ValleyCorona HeightsDuboce TriangleEureka ValleyGlen ParkHaight AshburyMission DoloresNoe ValleyTwin Peaks
1
2
3 45
6
7
8
9
10
11
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E DAVERAGE PRICE FOR A HOME IN 2014
We remember discovering BUENA VISTA and
ASHBURY HEIGHTS many years ago, when moving
to San Francisco. Buena Vista and Ashbury Heights have
some of the most beautiful, elegant architecture in the
city. With interesting views, quiet streets and within
strolling distance to Cole Valley and the Haight, these
homes are some of the most highly coveted, and
expensive, in San Francisco.
IN 2014, there were 17 sales of single family homes. The
median price for a house actually decreased by 9%, due
to 47% of homes being sold between $1.5–2.5M. However,
the price per square foot increased 13.5% to $1,062.
Impressively, 3 out of 12 of the most expensive sales in
District 5 were in Buena Vista/Ashbury Heights, with the
biggest sale in all of District 5 being the off market, all
cash sale of 737 Buena Vista Ave for $10 million dollars.
IN THE CONDO MARKET, the median price increased
25%, to $1,200,000, while price per square foot went up
11.4% to $944. On two very different ends of the spectrum,
the average price for 2 bedroom condos was $971,000,
with the majority of these sales being in Buena Vista, 7
of which were at 355 Buena Vista Ave. On the other hand,
the average price for a 3 bedroom was $1,543,000, with
most properties located in Ashbury Heights.
25
$ 776 38
1%
$ 2 235 000
$ 1 760 000
20
$ 74352
4%
$ 886 000
$ 695 000
19
$ 93646
3%
$ 2 604 000
$ 2 400 000
33
$ 84731
6%
$ 1 087 000
$ 960 000
17
$ 106230
5%
$ 3 007 000
$ 2 200 000
29
$ 94428
11%
$ 1 165 000
$ 1 200 000
$ 944
25%
11%
$ 971 000$ 1 543 000
$ 1062
-9%
5%
$ 1 692 000
$ 1 849 000$ 2 842 000
BUENA VISTA &ASHBURY HEIGHTS
ONLY 2 SALES
8
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E D AVERAGE PRICE FOR A HOME IN 2014
North of Twin Peaks and east of Mount Sutro,
CLARENDON HEIGHTS boasts incredible views
of both the Golden Gate and Bay Bridges, Clarendon
Heights is also home to a wide spectrum of architecture.
Many of the original dwellings still remain, giving the
area an eclectic feel.
2014 WAS A FUNKY YEAR for Clarendon Heights.
As usual, only a small number of homes were sold. Ten
to be exact. Reflecting the larger homes in this area,
there were no 2 bedroom houses, and only one condo.
THE MEDIAN PRICE for homes actually decreased
16%, due to 8 out of 10 homes in 2013 selling at over
$2.2M. Price per square foot also went down 7%, mainly
due to the sale of 5 out of 10 houses being over 3,200
sq ft. Still, 8 out of the 10 homes sold for over over $2
million dollars, with the highest sale being 226 Palo Alto
Avenue, at $3,955,000.
11
$ 676 75
–2%
$2 414 000
$ 2 570 000
4
$ 63659
6%
$ 854 000
$ 773 000
10
$ 87163
–3%
$ 3 126 000
$2 638 000
——
—
—
—
10
$ 81522
5%
$ 2 627 000
$ 2 500 000
1
$ 75225
–1%
$ 1 438 000
$ 1 438 000
$ 752
—-1%
—$ 1 438 000
$ 815
-5%
5%
—
$ 2 733 000$ 2 540 000
CLARENDON HEIGHTS
ONLY 1 SALE
NO SALES
NOT ENOUGH DATA
9
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E DAVERAGE PRICE FOR A HOME IN 2014
Awww, COLE VALLEY . This sweet little neighborhood
has an almost European feel, with its local businesses,
gracious streets and people strolling. Zazie doesn’t hurt
anything either. Those who love Cole Valley love Cole
Valley, and it continues to be a place that many people
search for their ‘forever’ homes. WIth its quiet streets but
proximity to the N Judah and UCSF, it’s a lovely mix of
quiet and cosmopolitan. Access to Tank Hill, Golden Gate
Park and Mt. Sutro are huge draws for cosmopolitan
nature lovers.
ITS TINY GEOGRAPHY showed itself in the sale of
21 houses and 27 condos in 2014, up 20% for houses and
down 33% for condos. The median price of houses rose
22% to $2,370,000, driven in large part by the sale of 58%
of houses over $2.25M. This higher sales price is also
reflected in the size of the homes sold. 9 of the 21
homes, or 42%, were 4 bedrooms or larger.
THE CONDO MARKET did not rise as much, though
still did well, with price per square foot rising 7.1% to a
respectable $871/sq ft. For one bedroom buyers, this
is a good place to get in the market, with 26% of homes
selling for $600–750,000. 48% of condos sold for $1–1.5M,
ranging from 1,208–1,867 square feet.
26
$ 854 43
3%
$ 1 848 000
$ 1 736 000
22
$ 68552
4%
$ 948 000
$ 883 000
17
$ 84929
9%
$ 2 082 000
$ 1 855 000
36
$ 81338
9%
$ 1 070 000
$ 1 078 000
21
$ 99526
6%
$ 2 268 000
$ 2 370 000
27
$ 87134
8%
$ 1 094 000
$ 1 115 000
$ 871
1.1%
8%
$ 959 000$ 1 322 000
$ 995
27.8%
6%
$ 1 547 000
$ 2 013 000$ 2 670 000
COLE VALLEY
10
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E D AVERAGE PRICE FOR A HOME IN 2014
Tiny, affluent CORONA HEIGHTS is described at ‘the
best kept secret in San Francisco’ by those who live here.
With its spectacular views, ample parking and beautiful
architecture, it’s a peaceful place to call home. Narrow,
quaint and winding streets lead to the bustling commercial
areas of Market and Castro streets. The architecture runs
the gamut from fine Victorians to modern masterpieces.
IN 2014, there were 15 houses and 22 condos sold.
The median price of a house increased a whopping
42.5% to $1,708,000. The average price per square foot
also increased 12.8% to $925. The highest sale was 10
Deming, a gorgeous contemporary view home which
sold at $3.3 million. The condo market was very diverse,
on both the higher and lower end of the spectrum.
PRICE PER SQUARE FOOT went up 18.9% to a very
respectable $917. The median price went up only 1%,
with 36% of condos selling under $700,000. This drove
down the average of a bedroom condo to $554,000.
On the higher end, 45% of condos sold for $1–1.5 million
and 86% of condos that sold were 2 bedrooms, with the
average sales price being $992,000.
22
$ 696 62
4%
$ 1 299 000
$ 1 218 000
37
$ 68140
3%
$ 950 000
$ 950 000
24
$ 82133
11%
$ 1 239 000
$ 1 105 000
28
$ 77137
11%
$ 1 028 000
$ 1 005 000
15
$ 92533
6%
$ 1 708 000
$ 1 575 000
22
$ 91734
10%
$ 1 109 000
$ 1 100 000
$ 917
1%
10%
$ 992 000$ 1 835 000
$ 925
42.5%
6%
$ 1 489 000
$ 1 656 000$ 2 253 000
CORONA HEIGHTS
11
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E DAVERAGE PRICE FOR A HOME IN 2014
DUBOCE TRIANGLE is one of the most loved (and
tiniest) neighborhoods in San Francisco, with its tree-lined
streets, beautiful architecture, central location, and access
to some of the city’s most vibrant commercial areas.
Nestled between Market and Church Streets and steps
to the Castro, Duboce Triangle has access to a wide
array of world-class boutiques, restaurants, and cafes.
Duboce Park is a favorite of dog lovers throughout
the city. With central Muni lines running through it, this
neighborhood is perfectly situated for the ultimate
urban lifestyle.
IN 2014, condos in Duboce Triangle can be divided into
two categories: ‘The Century’ (new construction building
at Market and Sanchez) and ‘Non-Century’. 20 units sold
at the Century, ranging from $978–$1,340/sq ft. Aside
from that, just 9 condos sold in Duboce Triangle. For these
more historic condos, the median sales price was $1.2
million and the average price per square foot was $909.
IN THE CONDO MARKET in general, 93% of sales
were of 2 bedroom properties, and just two 3 bedroom
condos sold in 2014. Price per square foot increased
29.4% overall, to $1,068/sq ft, though again this number
was largely affected by sales at the Century. There were
just 3 single family houses sold in 2014, ranging from
$2.3–2.8 million.
2
33
13%
$ 1 469 000
$ 1 469 000
12
$ 69433
9%
$ 905 000
$ 873 000
3
$ 97231
4%
$ 1 688 000
$ 1 650 000
12
$ 82545
16%
$ 1 090 000
$ 1 125 000
3
$ 98225
2%
$ 2 419 000
$ 2 308 000
29
$ 106814
6%
$ 1 083 000
$ 1 150 000
$ 1068
2.2%
6%
$ 1 068 000$ 1 280 000
$ 982
39.8%
2%
—
$ 2 204 000—
DUBOCE TRIANGLE
NOT AVAILABLE
ONLY 3 SALES
ONLY 2 SALESONLY 2 SALES
12
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E D AVERAGE PRICE FOR A HOME IN 2014
Encompassing serene Dolores Heights and the world
famous Castro, home to a proud history of gay rights
culture and known for its colorful residents, EUREKA
VALLEY is one of the favorite neighborhoods of locals.
Located super centrally, the hard-to-resist neighborhood
is full of narrow and curvy streets that are home to a
variety of properties, from sweet little condos tucked on
the hill to beautifully renovated homes with stellar views.
2014 WAS A FINE YEAR for Eureka Valley. There
were 45 single family house sales this year, with the
median increasing 30.7% to break the $2M mark at
$2,040,000. 64% of houses sold between $1.5–2.5 million
with the average price for a 3 bedroom home coming in
at $2.2M and the average for a 4 bedroom just pushing
$3M at $2,952,000.
ADDITIONALLY, 2 out of the 6 most expensive sales in
District 5 were in Eureka Valley, including the off market
all cash sale of 250 Cumberland for $6 million. In the condo
market, the median price rose 7.8% to $1,250,000, and
the price per square foot gained 12.1%, ending the year
at $971/sq ft, poised to break the $1,000/sq ft market in
2015. 50% of condos sold between $1–1.5 million.
75
$ 801 35
5%
$ 1 878 000
$ 1 545 000
50
$ 73247
4%
$ 1 022 000
$ 900 000
71
$ 98825
9%
$ 1 792 000
$ 1 560 000
66
$ 86627
12%
$ 1 219 000
$ 1 160 000
45
$ 104424
12%
$ 2 306 000
$ 2 040 000
67
$ 97128
15%
$ 1 269 000
$ 1 250 000
$ 971
7.8%
15%
$ 1 170 000$ 1 476 000
$ 1044
30.7%
12%
$ 1 645 000
$ 2 190 000$ 2 952 000
EUREKA VALLEY
13
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E DAVERAGE PRICE FOR A HOME IN 2014
GLEN PARK has long been considered a gem by the people
who live here. This little hamlet has a small town, community
feel to it that the residents who live here love. In the last few
years, as many buyers are looking for homes with close
proximity to BART and the Peninsula, Glen Park is quickly
becoming more and more choice. But all the things that
locals have known about remain: wild and green Glen Canyon
park, local shops, winding streets and neighbors who know
your name. We think Glen Park should continue to rise. As
Noe Valley, just to the North, has risen drastically, Glen Park is
directly affected. New, very high end houses on the border of
Noe Valley are being built and Glen Park has larger lots than
areas like Bernal, allowing many homeowners to expand.
IN 2014, there were 73 houses sold, more than most
of the closer in areas of the city. Reflecting Glen Park’s
diversity of housing stock, these sold from a little guy at
$699K all the way to a view home at $2.8M. 70% of houses
sold for between $1–1.75M. While the median price went
up 11% this year, modest for SF in 2014, the median price
from 2012–2014 has gone up 51%.
THE PRICE PER SQUARE FOOT of all houses was
$895, but interestingly, the average price per square
foot of a 2 bedroom house was $1,319/sq ft, while the
average price per square foot for a 3 bedroom was
$1,210. Just 16 condos sold, with the median price
increasing 17.2% to $985,000. 67% of all condos sold
were 2 bedrooms.
GLEN PARK
65
$ 663 44
8%
$ 1 063 000
$ 940 000
14
$ 61944
5%
$ 874 000
$ 794 000
69
$ 80330
12%
$ 1 332 000
$ 1 272 000
17
$ 72426
9%
$ 1 002 000
$ 840 000
73
$ 89524
16%
$ 1 492 000
$ 1 415 000
16
$ 76021
12%
$ 1 107 000
$ 985 000
$ 760
17.2%
12%
$ 911 000$ 1 298 000
$ 895
11.2%
16%
$ 1 209 000
$ 1 513 000$ 1 925 000
14
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E D AVERAGE PRICE FOR A HOME IN 2014
HAIGHT ASHBURY is one of the neighborhoods
most visitors think of when they conjure up visions of
San Francisco. The main drag is colorfully vibrant, with
vintage stores, local restaurants and groceries and an
eclectic blend of people. With the Panhandle, Golden
Gate and Buena Vista all within walking distance, the
Haight has some of the city’s best parks at its doorsteps.
Certainly not least, if you love classic architecture,
Haight Ashbury is a dream, with elegant and elaborate
Victorians gracing its streets.
IN 2014, just 5 houses sold in the Haight, similar to sales
over the last 3 years, making statistical predictions difficult.
While all properties are different, this is especially so in the
Haight, with sales of houses ranging from $1.1M–$3,825,000.
2 of these houses were large 6 bedrooms homes with
over 4,000 square feet. The condo market showed much
more diversity with 30 sales, almost the same as last year.
WHILE THE MEDIAN SALES PRICE rose by only 2.2%,
driven by 8 sales under 900K, the price per square foot
increased 16.7% to $861. 60% of condos sold for $1–1.75M.
The average sales price of a 2 bedroom condo was $967,000
with 19 sales, while the average price of a 3 bedroom
was significantly higher at $1,347,000, with 9 sales.
6
$ 645 41
3%
$ 1 812 000
$ 1 938 000
31
$ 63937
5%
$ 965 000
$ 955 000
5
$ 70740
8%
$ 2 325 000
$ 2 225 000
29
$ 73824
12%
$ 1 172 000
$ 1 110 000
5
$ 90818
7%
$ 2 392 000
$ 2 350 000
30
$ 86130
15%
$ 1 144 000
$ 1 124 000
$ 861
2.2%
5%
$ 967 000$ 1 347 000
$ 908
4.4%
7%
$ 1 100 000
$ 2 068 000—
HAIGHT ASHBURY
ONLY 1 SALE
ONLY 2 SALES
15
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E DAVERAGE PRICE FOR A HOME IN 2014
THESE SENTIMENTS aren’t totally reflected in the
numbers for 2014, perhaps because the Mission had
such a huge year last year. There were only four houses
sold in Mission Dolores last year, hardly enough to delve
into statistics. The highest sale was 41 Cumberland, at
$4,995,000. The average price per square foot for a
house was $978.
THE CONDO MARKET had much more diversity, with
42 sales. The median sales price actually went down
9.8% and the average price per square foot went down
1.1% This doesn’t seem as surprising when you look at
year over year gains. From 2012–2014, the median price
went up 50% to $1,105,000, while the price per square
foot went up 27.4%, ending 2014 at $914/sq ft. 79% of
condos sold in Mission Dolores were 2 bedrooms.
MISSION DOLORES
3
$ 811 12
28%
$ 1 225 000
$ 1 350 000
36
$ 71746
6%
$ 789 000
$ 738 000
5
$ 90114
20%
$ 1 821 000
$ 1 600 000
45
$ 92028
10%
$ 1 183 000
$ 1 225 000
4
$ 97832
10%
$ 2 466 000
$ 1 728 000
42
$ 91434
10%
$ 1 165 000
$ 1 105 000
$ 914
-9.8%
10%
$ 1 094 000$ 1 425 000
$ 978
8%
10%
$ 1 856 000
$ 1 505 000—
MISSION DOLORES continues to be one of the most
popular neighborhoods in San Francisco, and is in most
locals minds when they think of modern San Francisco
living. With its proximity to Dolores Park, its flat, strollable
streets and the unbelievable amount of restaurants, bars,
coffee shops and boutiques, it’s the epitome of urban
living. Many of our clients talk about wanting to be in the
center of where things are happening, and the Mission
tends to feel like just that.
ONLY 4 SALES
ONLY 1 SALE
ONLY 2 SALES
16
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E D AVERAGE PRICE FOR A HOME IN 2014
Coveted for its tree lined streets, jaw dropping views
and proximity to 24th and Church Streets as well as
its access to public transportation and the Peninsula,
NOE VALLEY continues to be one of the most coveted
neighborhoods in San Francisco. Known for its small
town, community feel, secret sauce of friendly people
and casual but elegant living, Noe Valley is at the top
of many people’s ‘dream neighborhood’ lists. It's also
quickly becoming the most interesting neighborhood
in SF for modern, architecturally significant houses.
THERE WERE 125 houses and 85 condos sold this year. In
2014, the average price per square foot for single family
homes crept above $1K, up 10.2% from 2013. The median price
for a house surpassed the $2M mark to land at $2,295,000.
Condos in Noe Valley also had a year of huge growth, with
the median sales price increasing 27.2% to $1,275,000 and
the price per square foot going up 16.9% to $941/sq ft. If
this trend continues at even half this growth, the average
price per square foot would be over $1,000/sq ft by 2016.
55% OF HOUSES SOLD in the $1.5–2.5M dollar range
while 69% of condos sold for between $1–1.75M. The
high end market for single family homes also took off this
year. In 2013, there were 10 home sales over $3 million,
which almost doubled this year to 19 and on the super
high end, there were 7 house sales between $4–7 million.
The most expensive condos were super stylish, free
standing properties sharing a lot with another home.
NOE VALLEY
147
$ 768 44
4%
$ 1 475 000
$ 1 400 000
104
$ 69939
5%
$ 1 001 000
$ 924 000
136
$ 92635
8%
$ 1 879 000
$ 1 700 000
91
$ 80533
11%
$ 1 059 000
$ 1 002 000
125
$ 102125
12%
$ 2 295 000
$ 2 040 000
85
$ 94126
15%
$ 1 266 000
$ 1 275 000
$ 941
27.2%
15%
$ 1 131 000$ 1 495 000
$ 1021
20%
12%
$ 1 456 000
$ 2 008 000$ 3 213 000
17
PRICE PER SQ FT
2014 STATS
NUMBER OF SALES
CONDOHOUSE SINGLE FAMILY
2012 20122013 20132014 2014
MEDIAN SALES PRICE INCREASE 2013–14
MEDIAN SALES PRICE
AVERAGE DAYS ON MARKET
AVERAGE % OVER ASKING PRICE
AVERAGE SALES PRICE
PRICE PER SQ FT
AVG % OVER ASKING PRICE
2 B E D
3 B E D3 B E D
4 B E D
2 B E DAVERAGE PRICE FOR A HOME IN 2014
TWIN PEAKS , perched above the city, is enjoyed for
being a peaceful neighborhood with some of the very
best views in the city, access to downtown and both of
the popular Noe and Castro neighborhoods. The added
bonus is very strong legs.
IT IS COMPRISED OF mostly condos, with some lovely
single family homes, and continues to be one of the more
affordable, closer in areas to buy in the city, especially
in the 2 bedroom condo range, where the average was
$776,000. In 2014, there were just 5 houses and 20 condo
sales. The price per square foot of houses increased 21.4%
to $970, helped by a few smaller 1,000 sq ft homes selling
for about $1,200/sq ft.
60% OF HOUSES SOLD for $1.25–1.5M, with 812
Corbett selling considerably above other houses at $2.5M.
The median price of condos went up a whopping 30.2%,
to land at $879,000. Price per square foot also went up
13.8% to $734. The average price for a 3 bedroom condo
was $1,280,000 and an average of a very spacious 2,081
sq ft. 45% of condos that sold in 2014 were under $850,000.
TWIN PEAKS
6
$ 608 67
1%
$ 805 000
$ 829 000
24
$ 53683
0%
$ 818 000
$ 680 000
12
$ 79939
6%
$ 1 376 000
$ 1 400 000
31
$ 64570
4%
$ 679 000
$ 675 000
5
$ 97033
7%
$ 1 652 000
$ 1 400 000
20
$ 73430
5%
$ 969 000
$ 879 000
$ 734
30.2%
5%
$ 776 000$ 1 280 000
$ 970
0%
7%
$ 1 270 000
$ 1 497 000—
18
Our clients expect nothing less than the best. We're on your side, helping you succeed.
Helping you get where you want to goWe understand that buying and selling property
is not only an important business decision, but
a life changing event. There is no one-size-fits-all
approach. We will listen to you, help you set
your goals and formulate a unique success
strategy to ensure you get the results you want.
We know these neighborhoods From the secret views to the hidden parks, from
small boutiques to neighborhood restaurants, we
know what makes living in this area of the city so
special. We work here because we love it here.
Producing Your ListingOur clients are busy people. We take ownership
of the selling process, crafting a personalized
strategy to showcase your property and highlight
the value your home deserves. Producing a
truly great listing involves many professionals,
and an exacting attention to detail. From staging
to exposure, all the way through escrow:
We've got it handled for you.
Premium listings deserve premium presentationWe treat every listing like what it is: your biggest
investment and the place you’ve called home.
With a background in design, an appreciation
for architecture and houses, we work with
professionals to present your home in a way
that allows potential buyers to make that
key emotional connection.
Real marketing is an art We produce listings that get attention and
websites that get exposure. From print materials
and event based marketing to a curated online
presence, we showcase your home through
various mediums and ensure your property
stands out from the crowd.
Negotiation and Market Knowledge But it's not just about how your property looks.
We continuously analyze the market to determine
the listing price that will attract the most suitable
buyers and will negotiate all offers for the best
price and terms. We actively manage the sale
during the escrow period, attending inspections,
keeping track of important deadlines, and making
sure your deal stays on track. You’ll have the full
support of a professional and well-experienced
team on your side every step of the way.
We love to win for our clients.
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Equal Housing Opportunity • If your property is now listed for sale this is not intended as a solicitation of the listing.
KIRA MEADREAL ESTATE AGENT
(415) [email protected]#: 01905944
Modern Real Estate SF.com