Market Conditions in 94513>Question Details

Gladys Alvar…, Real Estate Pro in Antioch, CA

what is the current market condition in Brentwood Ca 94513?

Asked by Gladys Alvarado, Antioch, CA Sun Sep 15, 2013

Help the community by answering this question:

Answers

4
BEST ANSWER
Corrien is correct about where the market is. The link below is to all the homes on the market in Brentwood now.
0 votes Thank Flag Link Mon Sep 16, 2013
Brentwood, CA 94513 Real Estate Market Overview:

Brentwood's home resale inventories , with a 6 percent decrease since August 2013. Distressed properties such as foreclosures and short sales increased as a percentage of the total market in September. The median listing price in Brentwood went down from August to September. There were a total of 11 price increases and 55 price decreases.

Inventory: 133
Recently Sold: 117
New Listings: 125
Distressed: 8



Eduardo Soriano, Broker
Pacific Portfolio
408-466-8610
DRE # 01702798
1 vote Thank Flag Link Thu Sep 19, 2013
Gladys:

Since you are a Realtor, I'm not sure why you are asking this question. You have access to the MLS like the agents who have responded below - I'd recommend you make use of Clarus MarketMetrics - it's a free benefit many of us use to gauge market activity.
0 votes Thank Flag Link Thu Sep 19, 2013
Thanks, I always like to have couple of opinions, but thanks for the information.
Flag Tue Oct 22, 2013
Brentwood is still experiencing tight inventory levels of homes, and pretty much anything under $300,000 (if priced right) will be in contract within 7-10 days (if not sooner). The market did slow down right after the Feds announced the interest increase in June 2013. Buyers are still in the market place, but we are not having nearly the volume of offers received on our listings like we were experiencing November 2012 thru May 2013. With the interest rate increase, some buyers left the market due to affordability and/or they now qualify for a lower priced home vs. the price range they previously were shopping in. We are also experiencing less "all cash" buyers in the marketplace since the profit margins have changed and less properties are available to them.

With the raise of values this past 8 months, a lot of homeowners are not short sales anymore. The market still has short sales, but no where the volume we had last year. Majority of the homes sold on the market are traditional sales now. Mixed with a few REO properties and short sale properties.

They are calling this the "calm before the storm" - it is definitely a seller's market. Though rates have risen, it is still a great time to buy.
0 votes Thank Flag Link Sun Sep 15, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer