December-January 2000 RETURN TO HOME PAGE FEEDBACK

The cost of buying a home in Noe Valley was virtually the same in October as it was in September, according to figures supplied to the Voice by Zephyr Real Estate. "We're running pretty stable," said Zephyr manager Randall Kostick. "The only statistical difference was that the 5+ buildings came up to asking price."

Among the 18 single-family homes sold in October, the average price was $950,006. The top seller, going for more than $1.5 million, was a three-bedroom, three-bath house located in the 4000 block of 26th Street. The least expensive of all properties sold in Noe Valley was a $425,500 condo. Obviously, demand is still high, said Kostick. "But I'd be interested to see whether we'll have a slowdown in December and January. We used to get slow over the holidays, but the last couple of years, things have stayed busy. Will the current run continue? I don't know," he said.

On the apartment front, the latest listings reported by Rent Tech Rentals (through September 2000) show what would-be renters have known for a long time: it's impossible to find even a studio apartment in Noe Valley for under $1,000.

Noe Valley House Sales ­ October 2000*

	Total Sales	Low Price ($)	High Price ($)	Average Price ($)	Days on Market	Sale Price as % of List Price
Single-family homes	18	$530,000	$1,525,000	$950,006	32	112%
Condominiums	4	$425,500	$900,000	$615,625	28	109%
2 to 4 unit buildings	5	$830,700	$1,075,000	$961,762	50	101%
5+ unit buildings	2	$650,000	$1,295,000	$972,500	24	99%

Noe Valley House Sales ­ September 2000*

	Total Sales	Low Price ($)	High Price ($)	Average Price ($)	Days on Market	Sale Price as % of List Price
Single-family homes	14	$680,000	$1,535,000	$954,761	25	113%
Condominiums	6	$248,000	$950,000	$603,333	35	108%
2 to 4 unit buildings	5	$575,000	$1,775,000	$889,800	33	114%
5+ unit buildings	1	$717,500	$717,500	$717,500	21	90%

*Information provided courtesy of Zephyr Real Estate (www.zephyr-re.com) and based on all Noe Valley home sales (closings) recorded during the month. "Noe Valley" in this survey is defined as the area bordered by Grand View, 22nd, Guerrero, and 30th streets.

Noe Valley Rent Prices**

Size of Apartment	Average Rent, July-Sept 2000	Average Rent, April-June 2000	% increase or decrease
Studio	$1194	$1212	-1.5%
1 bedroom	$2056	$1809	+13.7%
2 bedrooms	$2908	$2730	+6.6%
3+ bedrooms	$3857	$3641	+5.9%

**Data based on Noe Valley apartments listed by Rent Tech Rentals and Roommates (www.renttech.com).