Noe Valley-Eureka Valley-Cole Valley District
February 11, 2013 by
Paragon’s market overview for San Francisco Realtor District 5, which
encompasses the central city neighborhoods of Noe Valley, Eureka Valley
(including the Castro), Dolores Heights, Cole Valley, Mission Dolores, Haight
Ashbury, Ashbury Heights, Clarendon Heights, Parnassus Heights, Corona Heights,
Glen Park, Twin Peaks & the Duboce Triangle
District 5 is one of the more homogeneous districts in San Francisco in terms of property values, but still any analysis of an area with so many properties of different type, location, condition and quality can only be a very general overview.
District 5 soared in value between 1996 and 2008 and was one of the last
districts to peak in value before the financial markets meltdown in September
2008. Values then fell 15% to 20% very quickly and then stabilized in 2009 and
2010. With the surge in high-tech buyers in 2011 (among other economic factors),
many of whom wish to be close to highways to the peninsula — and love the
lifestyle and ambiance of District 5 neighborhoods and its commercial districts
— activity in this district picked up dramatically.
In 2012, the competition between qualified, motivated buyers here became ferocious: inventory is very low, certainly not enough to satisfy buyer demand, and many of the listings are selling very quickly in multiple-offer, competitive-bidding situations. This is exerting considerable upward pressure on prices.
In the past 2 years, 2011-2012, Paragon has brokered over 400 real
estate transactions worth over $472 million in District 5, consistently ranking
among the top two brokers in the city for home sales in these neighborhoods.
District 5 is one of the more homogeneous districts in San Francisco in terms of property values, but still any analysis of an area with so many properties of different type, location, condition and quality can only be a very general overview.
In 2012, the competition between qualified, motivated buyers here became ferocious: inventory is very low, certainly not enough to satisfy buyer demand, and many of the listings are selling very quickly in multiple-offer, competitive-bidding situations. This is exerting considerable upward pressure on prices.
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