This Week In Noe Valley: Twitter IPO Real Estate Angst, Crime Rolls Downhill, and Where Locals Eat

News from, about and for Noe Valley from around the interwebs:

• With the Twitter IPO "expect home prices to go up, especially in and around Noe Valley" [ABC Local]
• "OH: 'Once we go public, we'll be in the 1%' #noevalley" [@karlsf]
• On the Bay Bridge opening: "In the year 2113, when our descendants celebrate the bridge's centennial, $6.4 billion might be enough to buy a nice house in Noe Valley." [SF Gate]
• But for now you can rent this mattress for $2,100 [@mikeindustries]
• Crime doesn't climb in SF (which is why buying on a hill isn't just about the view) [Socketsite]
• How SF maps to Seattle: Noe Valley = Ravenna? [Geekwire]
• Modern Market at 1401 Church Street posts a permit for transfer of ownership [CA ABC]
• Apartment fire on Clipper St [@nelson]
• Bernie's makes this top 10 best coffee shops list, but the quoted reviewer clearly doesn't know Bernie [Stuff]
• Where the locals eat in SF – La Ciccia makes the list [USA Today]

[Photo: "Between the Mission and Noe Valley, my shadow is the length of an entire block," Wndrlost]

Home Buyers Heart Noe Valley

Feeding the Facebook millionaire frenzy, SFGate follows this story in the NY Times about the California real estate market bracing for higher home prices with a story titled "Yes, Yes, Noe Valley." And yes, yes, it's a love letter to Noe. The article is full of observations like: "In a still-moribund real estate market, Noe Valley stands out as a neighborhood buoyed by positive fiscal forces," citing "its fortuitous location for Peninsula, South Bay and downtown commutes" as well as the fact that the "private bus routes sponsored by tech firms are a draw." Lots of local name-dropping, and stories of multi-million-dollar homes going for over asking with a zillion all-cash offers. Some of the photo examples (like 725 Elizabeth, above) are from properties that sold (or didn't) in 2010 and earlier - but whatever. You get the idea. Noe Valley real estate is red hot.

Snark aside, the money quote came from Carol Yenne, 36-year Noe resident and owner of the children's store Small Frys: "When we bought our (Noe Valley) house in 1975, it cost nothing compared to nowadays. But my mother back in Montana cried because we could have bought 10 acres and a ranch house there for the same price, and here we got a 25-foot-by-100-foot lot with an old, crummy house."

[SF Gate: Yes, yes, Noe Valley, say eager S.F. home buyers]
[NY Times: California Housing Market Braces for Facebook Millionaires]