April 2000 RETURN TO HOME PAGE FEEDBACK

House prices continued to soar in early 2000, according to the latest survey for the Voice by Randall Kostick of Zephyr Real Estate. Kostick said the big news was that there were no -- that's zero, nada-- sales of Noe Valley apartment buildings during February. Rents also remained high due to the extreme shortage of housing, reports Karen Frishman, of Rent Tech Rentals, who provides our monthly tally on neighborhood rent prices. Note that for purposes of their surveys, Noe Valley is the area bounded by Grand View, 22nd, Guerrero, and 30th streets. --Sally Smith, Ed.

Noe Valley House Sales ­ February 2000*

	Total Sales	Low Price ($)	High Price ($)	Average Price ($)	Days on Market	Sale Price as % of List Price
Single-family homes	10	495,000	1,800,000	875,000	19	125%
Condominiums	7	345,000	730,000	600,000	17	118%
2 to 4 unit buildings	0
5+ unit buildings	0

*Information provided courtesy of Zephyr Real Estate (www.zephyr-re.com) and based on sales recorded Feb. 1-29, 2000.

Noe Valley Rent Prices**

Size of Apartment	Average Rent, Feb. 2000	Average Rent, Feb. 1996	% of Units Currently for Rent
Studio	$1010	$700	9%
1 bedroom	$1560	$1040	25%
2 bedrooms	$2225	$1500	40%
3+ bedrooms	$3180	$2250	25%

**Data based on Noe Valley apartments listed by Rent Tech Rentals and Roommates (www.renttech.com).