Pittsburg California Market Report – August 2009

Pittsburg California Market Report – August 2009

I read an article saying homes sales are down. Well if Home Sales are down in Pittsburg CA it is because there are fewer homes to sell. This Pittsburg Market Report Focuses on Sales in August of Single Family Homes as compared to Sales in July. The information is pulled for the MLS from between September 15th and September 18th. I will be presenting some Special Market Reports on certain Market Segments in Pittsburg and other communities such as Short Sales, Bank Owned Home, First Time Buyers, and Higher End Homes in the near future.

In July of 2009 there were 116 Homes Sold in Pittsburg California. The Average Price was $180,323.00 and a Median Price of $155,550.00. The Average Price Per SF in Pittsburg California was $105.00 and the Average Days on Market was 31.

Compare July to August with only 86 Home Sales, but at an Average Price of $185,304.00 and a Median Price of $168,000.00. The figure I think is most important is Average Price Per SF and that is $111.00; this is an almost 6% increase in one month!

Currently there are only 112 Homes on the Market in Pittsburg; this is fewer than the number of sales in all of July and accounts for the drop in the number of sales. The homes still on the Market have been on the Market for an Average of 86 days and have an Average List Price of $232,692.00 and a Median List Price of $209,690.00. The Average Asking Price Per SF is $123.00.

Unless we see more homes on the Market soon and in big quantities prices will continue to climb fast.

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