Are Summerset Homes in Brentwood Prices up in 2014?

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

Are Summerset Homes in Brentwood Prices up in 2014?

Summerset Homes in Brentwood are very popular. Summerset Homes are gated communities for Active Adults 55+. Summerset is actually 4 communities, but they work together and share resources. Each community has a pool, gym, hot tub, sports courts, many set right on the golf course, there are clubs, activities, and more.

I do frequently reports on Summerset Home Prices, but it is hard to get the picture of the over all trend from one month to the next.

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I wanted to take a look at Summerset Homes in Brentwood California from one year to the next to see the changes of over one year. The chart looks at the Active Homes for Sale in Summerset; then Homes Sales in the First Quarter of 2013 and March 2014.

Period Number High Low Average Median DOM
Active 7 $539,900.00 $295,000.00 $449,657.00 $485,000.00 19
Sold Quarter 1 2013 18 $492,000.00 $176,300.00 $352,933.00 $367,500.00 13
Sold Quarter 1 2014 29 $524,888.00 $225,000.00 $373,790.00 $367,500.00 25

 

 

 

Summerset Average Home Prices were up about 6% from one year to the next and I suspect prices will continue up. The Median days on market is 19 and there is a one month supply of homes; indicating it is still a very strong sellers market. You will note the average sold price did not go up. However, the bottom end of the market is disappearing and the market will be pushed up.

Comments (1)

Robert Vegas Bob Swetz
Las Vegas, NV

Hello Gene ... Yes it does look like prices are up in Brentwood! Vegas prices were up 27% in 2012 and continue to rise. There are areas across the nation that are having the same effect, and there are just a handful of areas that are actually going down!

VB 

May 01, 2014 04:41 AM