We analyze several housing market indicators in order to present an in-depth breakdown of Brentwood Real Estate Market comparing March 2009 to March 2010.
Summary of Key Points
Brentwood Real Estate has shown great signs of improvement with median sales price climbing up.Median days on market has dropped and sellers received 101% as compared to 100% last year.
Key Statistics, Brentwood,CA: Median Sales Price (10.44%), Median Days on Market (-38.05%), and Number of Units Sold (-11.70%), Sales Price to List Price Ratio (March 09 100% – March 10 101%)
Brentwood Real Estate
The city of Brentwood experienced a 10.44% increase in median sales price from last year going up from $299,540 (March 09) to $330,806 (March 2010). Median days on market data for Brentwood show that houses are selling faster than March 09. It took 46 days in March 09 for a house to sell and for March 10 that number has gone down to 28 days (a 38.05% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 94 units were sold compared to 83 for March 10 (-11.70% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Brentwood. SP/LP ratio for March 09 was 100% compared to 101% for March 10.
Let’s take a brief look at neighbors Tracy and Antioch. Tracy Real Estate featured a 6.61% increase in median sales price ($216,459 March 09 – $230,764 March 10) and Antioch Real Estate saw a 12.17% increase ($181,589 March 09 – $203,695 March 10). Are houses in Tracy and Antioch selling faster or slower this year? Well, Tracy experienced a 28.53% decrease (58 to 42 days) in median days on market and Antioch a 43.06% decrease (57 to 32 days). In the units sold category, Tracy sold 51 units less (-26.42%) in March 2010 than 09 and Antioch sold 110 units less (-41.83%) in March 2010 than March 09.
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