Brentwood California Housing Market Report - October 2009
The Housing Market in East Contra Costa County is still very tight. There are some very slight price decreases, but they might be simple seasonal anomalies and certainly are not an indication of the market going soft again.
This Brentwood Housing Market Report for October 2009 compares the sales of single family home sales in October to those in September and the Active Housing Market in Brentwood California.
Currently there are 162 Single Family Homes for sale in the Brentwood Housing Market. The Average Asking Price on those homes is $543,822.00 and the Median Asking Price is $379,450.00. The Average Asking Price per SF is $227.00 and the Average Days on Market is 82. However, this numbers are skewed upwards by 11 estate homes on the Market selling for $1,000,000.00 to $5,000,000.00 plus. If we take out 11 Homes out of the Brentwood Housing Market the numbers look different. The Average Price is now $387,001.00 and the Median Price drops to $375,000.00. The Average Price per SF goes way down to $175.00 and the Average Days on Market drops to 74. Quite a change!
The Brentwood Housing Market was very active in October with 96 sales of Single Family Homes. The Average Price of the Sold Home in the Brentwood Housing Market for October was $317,090.00 and the Median Price was $302,500.00. The price per SF was $130.00 (Asking Price for those sold was $127.00.) and the Average Days on Market was 25.
The Brentwood Housing Market went up in October compared to the Brentwood Housing Market in September in all but one area. The Average Home Price in September was $298,939.00 and the Median Price was $282,200.00. The Average Price Per SF was $130.00 (Asking price for those sold was $127.00.) with an Average of 26 Days on the Market. There were 77 Homes Sold in the Brentwood Housing Market in September.
The Price Per SF stayed level which is probably an anomaly caused partly by seasonal market changes. Average Price and medium price were up. The number of sales is up and we only have about a 1.5 month supply of homes which indicates a tight seller market. The Days on Market is decreasing.
Click to see other area Housing Market Reports.
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I am very jealous of your median and average prices :) I want to sell in Brentwood!