Upper NOPA Real Estate Year in Review 2014
NoPa fast facts: median prices as of December, 2014
Single family: $1,729,000 /median $4,995,000/high $ 950,000/low
Condominium: $ 962,500 /median $1,800,000/high $ 335,000/low
2-4 Unit: $ 1,747,500/median $2,400,000/high $1,050,000/low
Click here for more information: SFAR_MarketFocus_2014-December
Here are the highlights:
The real estate recovery was strong in 2014 with strong price gains and low levels of inventory throughout San Francisco.
From December 2013 to December 2014, the median sales price for single family homes rose 14 percent to reach $1,080,000. Condos, TICs, and coops saw a 25 percent increase to reach $952,000.
In terms of new listing activity, December 2014 saw significant declines in the number of new properties coming onto the market with close to 50 percent less single family home listings coming onto the market last month. For condos, TICs, and coops, this number was close to 40 percent.
Low levels of inventory has meant that more than half of all properties are selling for more than the listing price. Close to 75 percent of buyers of a single family home paid more than the listing price. The same was true for more than 50 percent of condo, TIC, and coop buyers.
A look across San Francisco’s 10 districts, shows that District 2, comprised of the Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights, saw the most sales in December 2014, while District 6, Lower Pacific Heights, Anza Vista, Western Addition, North Panhandle, Alamo Square, Hayes Valley, saw the largest jump in median sales price.
663 42nd Avenue
Represented Buyer
In today’s market, a Buyer’s Agent needs to leave no stone unturned. When the MLS did not provide a listing suitable for my clients, I knew I had to go outside the box. My search led my to an unlisted property where the Seller was willing to sell without going on the open market. My clients made an acceptable offer and have now closed and moved in to their new Richmond home with a view of the ocean. The other day my client told me the best words I could wish to hear, and the reason I am in this industry: “We are so happy here.”
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Full floor condominium in NOPA, just a block from the Panhandle. Lots of period detailing. Hardwood floors, high ceilings, decorative fireplaces. Spacious, open plan kitchen. In-unit washer and dryer. No parking, but excellent location for public transportation including the 21-Hayes, 5-Fulton, N-Judah, and 43-Masonic. Click here for property website and more photos.
This condominium is located in the best NOPA location. The Panhandle and Golden Gate Park are right outside the front door, providing a green urban oasis perfect for dog walking, exercising, enjoying the world-class museums, or just getting out in nature. NOPA is nestled between Cole Valley, Haight-Ashbury and Laurel Village, USF and UCSF. It’s easy to leave the car in the garage in this neighborhood–Whole Foods, USF’s Koret center gym, yoga studios, hair/nail salons, and restaurants are all a short stroll away. Residents qualify for gym membership at USF’s Koret athletic facility. Nearby restaurants include Green Chile Kitchen, Bistro Central Parc, Tsunami Sushi Bar, Eos, Abacus, Little Star Pizza and NOPA. Very easy transit w/several bus lines nearby. Modern urban living at its best!
More photos at: http://www.1982Hayes.com
Click here for more information.
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Welcome to 715 and 715 ½ A and B Lyon Street, a rare NOPA property which includes two buildings on one lot! The front single family home is a well-preserved, up-to-date Victorian lady. In the gold leaf-accented, gingerbread facade, you see Stick & Queen Anne styles. As you enter, the foyer opens to an elegant living room featuring a large bay window accented by cherub brackets, built-in bookshelves & a wood burning fireplace. There are two bedrooms, two remodeled bathrooms, and a spacious, eat-in kitchen. Downstairs is a wonderful bonus space currently used as an office, additional storage, washer/dryer and parking. The yard offers an enclosed grassy area with a lemon tree and pleasant outlooks towards other gardens. The back house is now divided into two one bedroom units (the second unit is unwarranted). 715 ½ B is rented for $1003/month. The front house and lower back unit will be delivered vacant! Click here for property website and more photos.
The property’s configuration is perfect for the owner who wishes to own a single family home and to have rental income as well, yet without having neighbors above or below. It may also appeal to TIC buyers with potential for future condominium conversion.
Disclosures available upon request.
http://www.715Lyon.com
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