As Reported to San Francisco MLS All data from sources deemed reliable but subject to error and revision. © Paragon Real Estate Group Statistics are generalities that may be affected by other factors besides changes in value and only a … Continue reading →
Noe Valley Comes Roaring Back
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):
Noe Valley By the Foot
As I mentioned in my previous post, I’ve had several questions about per square foot prices recently. There’s no doubt that it’s a very useful metric, for the obvious reason that it allows you to get closer to an “apples to apples” comparison of the value of two different properties that are different in size. Of course, that leaves all sorts of other variables — location, amenities, etc. But if, say, you’re looking to make an offer on a property, certainly you’d want to start by looking at what other properties in the same area have been selling for on a per square foot basis, and then use that to see if the property you’re interested in is in the ballpark. ...