market statistics march 2009

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