This video is part of the SFhotlist Monthly Market Update Video Series. Each week, we provide you with a short video with updated information about San Francisco real estate and the neighborhoods you love. Let us know if there is something specific you’d like to know.
Noe Valley Real Estate Market Update – August 2016
Welcome to August’s Noe Valley Market Update. The number of active listings was down 25% from one year earlier and down 40% from the previous month. The median listing price for the month was just under $3 million, and the median sales price was just over $2.4 million. Compared to last year, the average number of days that units spent on the market before being sold was up 11%. The number of units sold was consistent year-over-year and decreased 33% month-over-month.
The Take Home
- Number of active listings: Down 25% year-over-year
- Number of active listings: Down 40% month-over-month
- Median listing price: $2.95 million
- Average number of days on the market before sale: Up 11%
If you’d like to know more about Noe Valley real estate, don’t hesitate to reach out. Let’s talk!