Birch Terrace by Silverstone Communities Proves Affordable Price and Desirable Location Can Still Sell Homes Despite the Market

Silverstone Communities today announced the completion of their new home community, Birch Terrace, near downtown Pleasanton, California. This new community of 45 townhomes opened in June 2007 and closed escrow on the final home in November 2008.

According to an October 2008 report by the California Association of Realtors, Pleasanton was one of the 10 cities in California with the highest median home price during September 2008 with an average of $737,000. Priced from the $500,000s, Birch Terrace offered homebuyers a rare opportunity to own a new home in Pleasanton at an affordable price.

In fact, more than 93 percent of surveyed homeowners said the price of their home was the most important factor when deciding to buy at Birch Terrace. A close runner-up to price was location; more than 73 percent of surveyed homeowners believed the community’s proximity to downtown Pleasanton and quality schools was very important in their decision-making.

“Affordable new homes in desirable locations has always been the cornerstone of our building philosophy,” said John McMorrow, President of Silverstone Communities. “We’re proud to be a part of downtown Pleasanton’s thriving community and pleased to announce Birch Terrace is complete.”

Birch Terrace includes new three-story townhomes with four floor plans featuring up to approximately 2,032 square feet and four bedrooms. The community boasts interior gardens and a children’s play area.

Silverstone Communities included energy-efficient features in every home at Birch Terrace, including dual-glazed, low-emission windows, advanced heating and hot water systems, individual electric meters and high-density thermal insulation, which aid in conserving energy and lowering bills for homeowners.

Birch Terrace is located at 110 Birch Terrace near downtown Pleasanton. For more information on Birch Terrace visit www.BirchTerrace.com.

Silverstone Communities also recently announced the completion of The Enclave in Santa Clara. Featuring new detached homes in one of the area’s most sought-after neighborhoods, The Enclave, like Birch Terrace, offered homes in an ideal location and at an affordable price.

Silverstone’s is currently offering new home opportunities at Peninsula Real in Los Altos and Park Broadway in downtown Millbrae. Both communities offer excellent schools in a prestigious, pedestrian-friendly neighborhood. For more information visit www.SilverstoneCommunities.com.