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Oakley California Market Report – August 2009

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Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

Oakley California Market Report – August 2009 Oakley Market Report

Oakley has the unique distinction of being the only Market that is down this month in East Contra Costa County.  This Oakley Market Report Focuses on Sales in August of Single Family Homes as compared to Sales in July. The information is pulled for the MLS from between September 15th and September 18th. I will be presenting some Special Market Reports on certain Market Segments in Oakley and other communities such as Short Sales, Bank Owned Home, First Time Buyers, and Higher End Homes in the near future.

In July of 2009 there were 73 Homes Sold in Oakley California. The Average Price was $219,101.00 and a Median Price of $206,000.00. The Average Price Per SF in Oakley California was $112.00 and the Average Days on Market was 24.

Compare July to August with only 63 Home Sales, but at an Average Price of $234,428.00 and a Median Price of $235,000.00. The figure I usually think is most important is Average Price Per SF and that is $106.00; this is an almost 6% increase in one month!

Currently there are only 127 Homes on the Market in Oakley. The homes still on the Market have been on the Market for an Average of 99 days and have an Average List Price of $284749.00 and a Median List Price of $275.000.00. The Average Asking Price Per SF is $141.00.

I think the decrease in Average Price Per SF is an anomaly attributed to the large number of very big homes on the market in Oakley.  There are a number of New Bank Owned Homes that have never been lived in that are being sold rather economically.  Note the Average Price is still going higher.

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