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The prices of Cole Valley real estate year to date in Fall 2007 have posted some small gains or remained steady (depending on the product), while the number of property sales in Cole Valley declined sharply. Most notably, the number of area single family homes that have sold is down approximately 40% from 2006 levels. The scarcity of available homes for sale has led to steady levels in sales prices (even small appreciation) across the sector. Likewise, the 2-4 unit segment of the market has seen a substantial reduction in the number of buildings for sale. The subtext here is that despite the negative media hype about real estate, our local area market is still strong for Sellers because of poor supply and strong demand. Condo sales for the year are just under their volume levels for 2006, but have shown a surprising 12% price appreciation on a price per foot basis.
For detailed sales data and analysis of Sales in Single Family Home, Condominium and 2-4 unit properties in Cole Valley, click on the links below. These pages will updated continually so keep a lookout for new information. Of course, Real Estate is about a lot more than just numbers so please let me know what other questions you would like answered. There is a plethora of useful information that has not been included in these pages. I will be glad to personally provide up-to-date information on the Cole Valley market.
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