After a significant slide it seems that one market is turning around, at least for now. It is hard to tell what will happen long term. The Financial Crises is a mess and the steps to resolve it are not coordinated or sometimes even effective. However, the combination of the mortgage bail out plans, lower interest rates, lower prices, and tax credits may be starting to work.

Long term the current financial policies may lead to inflation and higher interest rates. Many buyers perceive now as the right time to buy. This is true of investors and first time buyers. Lending for investors has eased up dramatically allowing investors to buy multiple homes.

In January of 2009 there were 65 home sales in the city of Brentwood, CA. Brentwood Home Sales had and average price of $316,482.00 and a median price of $285,000.00 in January.

In February Brentwood Home Sales increased to 84 units. This is an increase of almost 33%. The average Brentwood Home sold for $336,626.00 with a Median Price of $324,250.00. This is over a 6% increase in average home price in Brentwood, CA from the prior month.

This numbers were pulled from the Multiple Listing Service covering Homes Sales in Brentwood, CA on March 18, 2009. As of that date there were 330 homes for sale in Brentwood, CA. The average price on the Homes for Sale in Brentwood, CA is $404,271.00 with a Median Price of $309,000.00. I took out the 12 homes priced for $1,000,000.00 or more in Brentwood, CA and the average price dropped down to $343,967 and the Median price of Homes for Sale in Brentwood, CA is $300,000.00.

Homes priced right are selling for above asking price with multiple offers, so average asking price may actually be less than the sold price. Based on the numbers above it would appear that actual sales are increasing on the upper end homes. There are a lot of factors that determine pricing and we may see some more downs and ups. Brentwood is a quality area and we should expect increased sales and prices in the days ahead.