This is the market housing report about Homes for sale in Pittsburg California. The numbers here were taken from the Multiple Listing Service Covering all the Homes for sale in Pittsburg California on March 25, 2009. It includes only Single Family Homes for sale in Pittsburg California.
In January 2009 there were 101 home sales in Pittsburg, CA. The average price of the homes sold was $191,267.00, with a median price of $175,000.00.
In February 2009 the number of sales picked up, but the prices dropped hard. In February 125 homes sold in Pittsburg California. The average sale price of Homes in Pittsburg California was $166,541.00, with a median price of $153,000.00. This is a significant drop so I took another look at the numbers to see if there might be another explanation.
The average price per SF in January was $113.00 per SF. The average price of homes per SF in Pittsburg California in February 2009 was $93.00. The only explanation I can see is that a rapid price drop led to a 25% increase in sales for Homes in Pittsburg California for February 2009. Let me give you some more information below before continuing.
Currently there are 329 homes for sale in Pittsburg California. The average price of those homes in $191,552.00 and the median price is $184,000.00. The average price per SF is $117.00. These numbers may be skewed upwards by New Homes for Sale in Pittsburg California, but are still much higher than actual sales.
There is good news if you actually own a home in Pittsburg California; at this rate there is less than a 3 month supply of homes for sale in Pittsburg California. If this rate of sales keeps up the supply will be diminished rapidly and prices should be on the rise again. The sales increase is more than likely the direct result of banks lowering the price to rapidly move the back log of properties.
Remember, ever home is unique and if you want your home evaluated or if you want to estimate the value of a home you are interested in it is important to look at the actual neighborhood and specific comps. Please contact me and I will do this for free in Pittsburg California or anywhere else I can.
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