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April 17, 2009

Noe Valley Searches for Buyers

Thirty-eight single-family homes and 36 condos/TICs are apparently more than current San Francisco buyers can handle. That’s the level of inventory currently available in Noe Valley. There was a time when Noe homes were snatched up within days. But with less loan money available to buyers, Noe sellers—like those in the rest of San Francisco—will need a dose of patience, luck and good fortune to clear out the inventory.

The once popular $1.2M-$1.5M single-family home price range is awash with inventory in Noe. But there are likely not enough Silicon Valley-commuting buyers on hand to get some of these homes into contract.

Up for a TIC in Noe? There are 29 TIC interests available, ranging in price from $389,000-$997,500.

With only 12 single-family homes, eight condos, and 11 TIC interests in contract or pending, it doesn’t appear that Noe Valley will have a dramatically new influx of residents over the next month or two.

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