Pittsburg Housing Market Report for September 2009

Pittsburg Housing Market Report for September 2009.

This Pittsburg Housing Market Report focuses on Home Sales in Pittsburg California in September 2009 and compare them to sales in August 2009.  It also provides information on Homes Currently for Sale in Pittsburg California.  This Pittsburg 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 Pittsburg Housing Market is actually the only market that stayed steady, but last month had the biggest gain.  In August there were 94 Homes Sold in the Pittsburg Housing Market the average price was $168,858.00 and the Median Price was $168,000.00.  The average Listing Price Per SF on the homes sold in Pittsburg California was $108.00, but the average Sold Price was $111.00 per SF.  The average days on market for sold homes was 35. 

In September both the asking and selling price per SF stayed the same.  The Average Price climbed to $198,532.00 and the Median price went to $190,000.00.  But, there were only 78 Home sold.  These numbers indicate that in the Pittsburg Housing Market larger homes sales are picking up.  The average days on market was 45.

Currently there are 133 Homes Availble in the Pittsburg Housing Market with an Average Asking Price of $226,959.00 and a Median Asking Price of $209,000.00.  The average asking price per SF is $123.00 with Average Days on Market of 57.

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.