Portola 2009 Year End Summary

Posted On: Tuesday, May 4, 2010 - 1:30pm | Posted By: Zephyr Real Estate
Topics: Market Statistics | Neighborhood: Portola, San Francisco: Profile and Properties for Sale

78 single family homes sold in Portola in 2009; there was 1 Condo/TIC/Loft/Coop sales last year. We witnessed a shift in the single family home median sales price from $635,000 to $590,000, which translates to a 7.09% decrease over the prior year. Condos fared worse with a decrease of  16.55%. The time necessary to sell a property is also critical. For 2009, the average number of days on market was 55 for single family homes and 100 days for Condo/TIC/Loft/Coop sales. In 2008, it was taking an average of 53 days for single family homes and 188 for Condo/TIC/Loft/Coop properties, respectively.