market statistics march 2009
DESCRIPTION
Market Statistics for real estate sales in East Contra Costa County for March 2009 along with a brief analysis.TRANSCRIPT
East County Market Statistics
March 2009
SPENCER & EHLING Realtors®
925.250.0399 (JANICE) OR 925.381.3224 (CINDY)
www.JaniceSpencer.com Www.learn2ownit.com
Investors, prospective purchasers, and homeowners all may
find it helpful to keep abreast of sales activity in their home
town and the surrounding area. This report is designed to give a
market snapshot each month and then compare it with the same
month a year earlier. Please note that only closed sales statistics
from the previous year can be provided, explaining the absence
of numbers in the Active and Pending columns.
In order to capture all of the pertinent information, this
report will not be updated until after the middle of the month to
allow for late reporting on closings. If you have any questions
on the statistics or would like help calculating depreciation or
appreciation, please give us a call.
Windermere Signature CollectionWindermere Signature CollectionWindermere Signature CollectionWindermere Signature Collection 5119 Lone Tree Way5119 Lone Tree Way5119 Lone Tree Way5119 Lone Tree Way Antioch, CA 94531Antioch, CA 94531Antioch, CA 94531Antioch, CA 94531 925925925925----250250250250----0399039903990399
Article courtesy of Janice SpencerArticle courtesy of Janice Spencer
Notes: Closed sales for the area were up 135% for this March compared to March 2008. Average
sales prices across the market have declined by 31%, but this is not to say that property values have
declined by this same percentage. It is important to remember that average prices fluctuate for a num-
ber of reasons besides general decrease in value. The BIG NEWS is that standing inventory is also
down by 31% from just a month ago, creating a multiple offer market place. Read the article on
Shadow Inventory for more information.
March 2008 Stats Active: Pending: Sold: Avg. Sales Price $
Antioch 112 $318,570
Brentwood 55 $403,479
Bay Point 5 $194,380
Discovery Bay 18 $399,972
Oakley 36 $335,983
Pittsburg 37 $272,075
March 2009 Stats Active: Pending: Sold: Avg. Sales Price $
Antioch 393 250 253 $178,433
Brentwood 238 145 85 $296,208
Bay Point 77 41 46 $110,554
Discovery Bay 101 29 28 $380,946
Oakley 177 95 83 $208,002
Pittsburg 246 159 122 $152,123