We analyze several housing market indicators in order to present an in-depth breakdown of Brentwood Ca Homes for Sale Market comparing December 2008 to December 2009.
Summary of Key Points
Brentwood Ca Homes for Sale saw an improvement in its market
Median Sales Price (1.03%), Median Days on Market (-6.33%), and Number of Units Sold (24.49%)
Big Picture: Out of 20 cities analyzed in the East Bay, Berkeley was one of 11 cities that saw an increase in the number of units sold
Brentwood Ca Homes for Sale
The city of Brentwood experienced a very small increase, 1.03%, in the median price of homes going up $3,000 from $314,068 (Dec. 08) to $317,297 (Dec. 09). Since a median price increase of $3,000 is pretty insignificant and hardly affected buying or selling decisions, we need to look at other areas of Brentwood’s real estate market in order to determine how it fared. Median days on market for a house the city of Brentwood for December 08 was 35 days and for December 09 it was 33 days. Again, the difference in median days on market is so menial that it hardly offers us anything conclusive. The story starts to take shape once you examine number of units sold. The number of units sold increased from 98 units in Dec 08 to 122 units in Dec 09. As a result, even though median sales price and median days on market showed little to no change, by looking at the increase in number of units sold (24.49%), we can conclude that Brentwood saw an improvement in its market. Our conclusion is reaffirmed once we compare Sales Price to List Price Ratios. SP/LP% in Dec 08 was 98% and for Dec 09 it was 100%.
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