The Cole Valley market has been solid for 2007 with the volume of sales being considerably lower than 2006, so far. There are opportunities for Sellers to take advantage of the unusually low inventory and do extremely well. For some of the larger neighborhood homes, prices in the 3 Millions will become even more commonplace. Condominiums have performed very well year to date, with solid price appreciation.
After a flat Fall 2007 market characterized by a substantial credit crunch and record losses reported by the nation's largest lenders, the first half of 2008 may take a little longer to get Spring buying traction. Look for a slow start to 2008 until the prime spring market arrives in April, May, and June.
Please continue to check back for detailed, updated information on the Cole Valley Real Estate market. Thank you for your interest and should you have any real estate related questions please don't hesitate to contact me at (415) 681-7570 or by email at jdidomenico@pacunion.com.
Thank you,
John DiDomenico
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