Silver Terrace 2009 Year End Summary

Posted On: Tuesday, May 4, 2010 - 1:45pm | Posted By: Zephyr Real Estate
Topics: Market Statistics | Neighborhood: Silver Terrace, San Francisco: Profile and Properties for Sale

50 single family homes sold in Silver Terrace 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 $530,000 to $483,500, which translates to a 8.77% decrease over the prior year. Condos fared better with an increase of  37.59%. The time necessary to sell a property is also critical. For 2009, the average number of days on market was 77 for single family homes and 44 days for Condo/TIC/Loft/Coop sales. In 2008, it was taking an average of 72 days for single family homes and 84 for Condo/TIC/Loft/Coop properties, respectively.