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$545,000 Price….. er, reduction

by sfishome on February 23, 2010

$545,000 isn’t the price of this home, it’s the price reduction.

28 Presidio Terrace, San Francisco, came onto the market in January at $5,395,000. As of yesterday it was reduced to $4,850,000 for a $545,000 price drop.

A private priced sale in March 2007, extrapolating from tax records it looks like a purchase price of approximately $4.96 million. So it will be interesting to compare a “peak year” purchase to today when this sells. We’ll see a $545,000 price reduction does it or not.

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