Noe Valley Voice February 2000
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The Price We Pay for Homes in Noe Valley

Below are Two tables showing average house prices and rental costs in Noe Valley for the month of December 1999. The rent chart also features a comparison with 1995. The statistics were provided to the Noe Valley Voice by Zephyr Real Estate on 24th Street, and Rent Tech Rentals and Roommates on 18th. (The house sales information includes all properties sold in Noe Valley, whether or not they were handled by Zephyr. The rent chart reflects only Rent Tech's listings.) Noe Valley, for purposes of our survey, is an area bounded by Grand View, 22nd, Guerrero, and 30th streets.

Noe Valley House Sales ­ December 1999*
Total Sales Low Price ($) High Price ($) Average Price ($) Days on Market Sale Price as % of List Price
Single-family homes 22 385,000 1,170,000 679,954 26 106%
Condominiums 4 390,000 495,000 438,000 47 102%
2 to 4 unit buildings 3 590,000 825,000 690,000 33 109%
5+ unit buildings 0
*Information provided courtesy of Zephyr Real Estate (www.zephyr-re.com) and based on sales recorded Dec. 1-31, 1999.

Noe Valley Rent Prices**
Size of Apartment Average Rent, Dec. 1999 Average Rent, Dec. 1995 % of Units for Rent, 1999
Studio $1025 $700 9%
1 bedroom $1580 $1100 25%
2 bedrooms $2175 $1400 40%
3+ bedrooms $2750 $2100 25%
**Data based on Noe Valley apartments listed by Rent Tech Rentals and Roommates (www.renttech.com).