by astrid follow (0)
« First « Previous Comments 81 - 82 of 82 Search these comments
Noe Valley is pretty much flat and has been flat since the beginning of the year. Prices aren't going up or down, homes are selling at about the same clip (11 SFH last month) but inventory is climbing. Overbids are uncommon but most places are going for asking.
I have seen quite a few "price reduced" signs. The average 3/2 1300 sq ft recently remodled Victorian is still selling for right around $1M. Some friends of ours just down the block sold the lower half of their two unit building as a TIC for $750k which was $40k over asking. I was kind of surprised at the price, since they only paid $1.2M for the whole thing two years ago. But it is large (1500 sq ft) and nice and this neighborhood continues to gentrify.
I am actually sad to see all the funky old pizzerias and greasy spoon diners replaced by white table restaurants, but I guess it is good for my investment in property here.
« First « Previous Comments 81 - 82 of 82 Search these comments
What kind of percentage drops are you seeing in your neck of the woods? Where do you see the most weakening and where do you see the least weakening? Please give any favored examples of the housing bubble collapse in progress.
#housing