Noe Valley Voice May 2000

Noe Buys/Noe Rents:
Don't Read This if You're Still Looking for a Place

Here are the latest figures on house sales and apartment rentals, supplied to the Voice by Zephyr Real Estate on 24th Street and Rent Tech Rentals and Roommates. (Note that the rental data this time covers three months, January through March 2000. In both surveys, "Noe Valley" is defined as the area bounded by Grand View, 22nd, Guerrero, and 30th streets.) The tables show that March home buyers had to bid 10 to 25 percent over the asking price to land a piece of property in Noe Valley, and that renters are paying 60 percent more for housing than what they paid four years ago. You also might be interested to learn that San Francisco General Hospital offers free stress management classes, or that the San Francisco Rent Board's counseling and information line is (415) 252-4600. --Sally Smith, Editor

Noe Valley House Sales ­ March 2000*
Total Sales Low Price ($) High Price ($) Average Price ($) Days on Market Sale Price as % of List Price
Single-family homes 12 535,000 1,455,000 842,125 18 125%
Condominiums 4 375,000 975,000 695,000 13 111%
2 to 4 unit buildings 3 670,000 1,100,000 853,335 20 112%
5+ unit buildings 0
*Information provided courtesy of Zephyr Real Estate ( and based on sales recorded March 1-31, 2000.

Noe Valley Rent Prices**
Size of Apartment Average Rent, March 2000 Average Rent, March 1996 % of Units Currently for Rent
Studio $1115 $675 9%
1 bedroom $1625 $990 25%
2 bedrooms $2400 $1375 40%
3+ bedrooms $2850 $2110 25%
**Data based on Noe Valley apartments listed by Rent Tech Rentals and Roommates (