Central Richmond 2009 Year End Summary

Posted On: Tuesday, March 30, 2010 - 10:21am | Posted By: Zephyr Real Estate
Topics: Market Statistics | Neighborhood: Central Richmond, San Francisco: Profile and Properties for Sale

37 single family homes sold in Central Richmond in 2009; there were 29 Condo/TIC/Loft/Coop sales last year. We witnessed a shift in the single family home median sales price from $976,000 to $842,000, which translates to a 13.73% decline over the prior year. Condos fared worse with a decrease of 14.29%. The time necessary to sell a property is also critical. For 2009, the average number of days on market was 58 for single family homes and 108 days for Condo/TIC/Loft/Coop sales. In 2008, it was taking an average of 53 days for single family homes and 54 for Condo/TIC/Loft/Coop properties, respectively.