The Cole Valley single family home market is showing remarkable resiliency as of this writing. There have been a substantial number of solid home sales, and a few which have produced over asking price results. There have also been positive transactions on properties that were not selling just several months earlier. The volume of home sales priced over $1.5 million dollars is healthy, and the buyer demand is steady, even robust. Condominiums and 2-4 unit buildings are a completely different story - The buying market for this product class is more spotty and inconsistent due to more available inventory throughout the city, and the perception that this segment of the market has not found its price bottom. As a result, the condo and 2-4 unit building market is showing a lot of price sensitivity. The late spring / early summer 2010 market has shown more seasonal energy. There are more transactions in the marketplace due to lower interest rates, lower prices and a greater willingness for Sellers and Buyers to make deals. As the local job market improves, look for the real estate market to improve with it. The summer and fall of 2010 look similiar to the first half of 2008, with a consistent, more balanced market ahead. Please continue to check back at the end of each quarter 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) 298-3564 or by email at jdidomenico@pacunion.com. Thank you, John DiDomenico << Back to Cole Valley Properties