“NoPa” and “NoPa market” have been popping up quite frequently lately in my blog stat search terms. That means many of you are looking for info on the subject, so it’s time to let you all know what’s going on in the North Panhandle neck of the woods.
A total of three single-family homes has sold in NoPa since the beginning of the second quarter, ranging in price from $1,012,500 to $1,353,000. They all sold for less than their original asking prices. On the condo front, 19 such properties sold for an average of $786,184 in the same time period. And nine of those homes sold for less than asking. The rest were predominantly above asking—dramatic case in point was at 2247 Turk, a 3BR/2.5BA condo with parking originally listed in January at $899,000, and which sold in May for $789,000. TICs are a big part of the real estate market in NoPa, but only three TIC interests sold in NoPa in the same time period, ranging in price from $529,000-$612,000.
There are currently two single-family homes, 15 condos and three TIC interests on the market. Days on market (DOM) for houses has been 69, and about 60 for condos and TICs. My favorite new NoPa listing at at 284 Shrader at Hayes, a top floor, 2BR/2BA condo with parking being offered at $699,000.
Prices for NoPa houses and condos have been pretty steady over the past three months.
Buyers looking in NoPa are typically in search of a spacious flat or house with proximity to parks and public transportation—not to mention hip cafes and restaurants. The vibe in NoPa is laid back, and I can attest to that because the sale processes in the homes I’ve sold there have usually put me in touch with very nice, down-to-earth people. There is a bit of negative street activity surrounding the Panhandle itself, but that’s probably more of an issue at night and in the early mornings.