While the rest of the country struggled to keep prices stable, in the second quarter of 2010, homes in Noe Valley sold at an average of over ONE MILLION DOLLARS…
…and 4% ABOVE ASKING PRICE. WOW!
In 1973 I bought my first home in Noe Valley. The Victorian home was detached on 3 sides (complete with asbestos siding) and a lovely side garden. Over several years we restored the Victorian facade, remodeled the kitchen and bathrooms, and upgraded the bonus room in the basement. Does this sound familiar?
Once a quiet blue collar neighborhood, Noe Valley has become almost a cult destination for the well paid technology, financial and legal work force in the Bay Area. This week, looking at 767 27th Street priced at $3,850,000 (pictured at top), I could not help but marvel at the changes that have taken place in Noe Valley over the past 35 years. As I walked through through what I thought of as a glass house, I found myself wondering “Where am I?” and “Who will buy this house?”
Will this home be sold to a foreign buyer who will use it as a pied-a-terre for the few days a year she/he is in town to do business, or someone more local who works in Silicon Valley but wants a home for weekends in the City, or a family who loves Noe Valley and wants to live in a great neighborhood in San Francisco?
This home is shown by appointment only (I am not the listing agent). Whether you are a foreign buyer looking for a smashing pied-a-terre, or a family that wants to live in this dramatic home, I represent buyers and would love to meet you to show you this property and talk about life in Noe Valley.
Number of properties for sale in Noe Valley as of August 9, 2010:
25 single family homes, 22 condos/TICs and 12 2-4 unit buildings