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Noe Buys/Noe Rents:
Noe Valley Runs Out of Apartments
House prices continued to soar in early 2000, according to the latest survey for the Voice by Randall Kostick of Zephyr Real Estate. Kostick said the big news was that there were no -- that's zero, nada-- sales of Noe Valley apartment buildings during February. Rents also remained high due to the extreme shortage of housing, reports Karen Frishman, of Rent Tech Rentals, who provides our monthly tally on neighborhood rent prices. Note that for purposes of their surveys, Noe Valley is the area bounded by Grand View, 22nd, Guerrero, and 30th streets. --Sally Smith, Ed.
Noe Valley House Sales February 2000*
*Information provided courtesy of Zephyr Real Estate (www.zephyr-re.com) and based on sales recorded Feb. 1-29, 2000.
Total Sales Low Price ($) High Price ($) Average Price ($) Days on Market Sale Price as % of List Price Single-family homes 10 495,000 1,800,000 875,000 19 125% Condominiums 7 345,000 730,000 600,000 17 118% 2 to 4 unit buildings 0 5+ unit buildings 0
Noe Valley Rent Prices**
**Data based on Noe Valley apartments listed by Rent Tech Rentals and Roommates (www.renttech.com).
Size of Apartment Average Rent, Feb. 2000 Average Rent, Feb. 1996 % of Units Currently for Rent Studio $1010 $700 9% 1 bedroom $1560 $1040 25% 2 bedrooms $2225 $1500 40% 3+ bedrooms $3180 $2250 25%