Brentwood Housing Market Report for September 2009.
This Brentwood Housing Market Report focuses on Home Sales in Brentwood California in September 2009 and compare them to sales in August 2009. It also provides information on Homes Currently for Sale in Brentwood California. This Brentwood Housing Market Report are based on Single Family Homes and taken from the Multiple Listing Service (MLS) on October 12, 2009.
Contrary to popular belief Prices in East Contra Costa County continue to head up in each and every community. If the number of sales is down it is because there are fewer homes on the market. There are some changes in the market reflected by the numbers. Shifts to buying larger homes seems to be the Brentwood trend.
The Brentwood Housing Market shows a small decline in price per SF, but an increase in over all average price. In August there were 105 Homes Sold in the Brentwood Housing Market the average price was $293,618.00 and the Median Price was $271,900.00. The average Listing Price Per SF on the homes sold in Brentwood California was $129.00, but the average Sold Price was $132.00 per SF. The average days on market for sold homes was 30.
In September both the asking and selling price per SF declined slightly, while average and median price went up. The Average Price went up to 301,088.00 and the Median price went to $283,600.00. But, there were only 72 Home sold. The average days on market was 23. Listed price per SF was $127.00 and the sold price per SF was $129.00.
Currently there are 147 Homes Available in the Brentwood Housing Market with an Average Asking Price of $540,297.00 and a Median Asking Price of $383,000.00, with Average Days on Market of 98.
The Active Homes Available number in the Brentwood Housing Market is skewed upwards by the number of homes over $1,000,000.00 with land attached. If you remove the listings over $1,000,000.00 the numbers are a little different. The average asking price is $395,416 and the median price is $370,450 with an average of 89 days on the market.
The supply of homes is less than 2 months. We are in a traditional slow season, but I suspect prices will hold steady if not continue up through the end of the year. It is hard to predict long term market trends with the flood of new initiatives to head of foreclosures.
Comments(1)