Oakley Housing Market Report for September 2009

Oakley Housing Market Report for September 2009.

This Oakley Housing Market Report focuses on Home Sales in Oakley California in September 2009 and compare them to sales in August 2009. It also provides information on Homes Currently for Sale in Oakley California. This Oakley Housing Market Report are based on Single Family Homes and taken from the Multiple Listing Service (MLS) on October 12, 2009.

Contrary to popular belief Prices in East Contra Costa County continue to head up in each and every community. If the number of sales is down it is because there are fewer homes on the market.

The Oakley Housing Market shows steady growth of over 2% per month in prices while the market availability is shrinking. In August there were 68 Homes Sold in the Oakley Housing Market the average price was $234,204.00 and the Median Price was $231,000.00. The average Listing Price Per SF on the homes sold in Oakley California was $103.00, but the average Sold Price was $106.00 per SF. The average days on market for sold homes was 32.

In September both the asking and selling price per SF increased, while average and median price went down. The Average Price went down to 213,333.00 and the Median price went to $191,000.00. But, there were only 62 Home sold. The average days on market was 58.

The trend in the Oakley Housing Market is more smaller homes sold at better prices. So the average price may be going down, but the cost per SF is going up.

Currently there are 102 Homes Availble in the Oakley Housing Market with an Average Asking Price of $299,373.00 and a Median Asking Price of $284,900.00. The average asking price per SF is $147.00 with Average Days on Market of 94.

The supply of homes is less than 2 months. We are in a traditional slow season, but I suspect prices will hold steady if not continue up through the end of the year. It is hard to predict long term market trends with the flood of new initiatives to head of foreclosures.