The Grove Housing Report

During the month of October ‘09 brentwood real estate saw around 101 homes sale according to local MLS inventory statistics. During the month the average Brentwood home stayed on the market for around 26 days.

The average list price for the same month was about $314,982. The average sales price for October ‘09 was close to $321,439. The separation between the list price and the actual sales price produced a 100% price difference ratio.

In terms of real estate financing we saw around 53 conventional loans with an average home price of $354,577. Conventional deals in October ‘09 were reported as staying on the market for around 42 days. For FHA financed deals there were 25 loans with an average home price of $292,382. FHA homes stayed on the market for an average of 30 days. We saw 18 cash financed homes in Brentwood with an average home price of $274,178. Cash deals were reported as closing in about 25 days.

For the month of October ‘09 discovery bay real estate saw 27 homes sale. During the month the average Discovery Bay home stayed on the market for around 25 days. The average list price for the same month was about $317,770. The average sales price for October ‘09 was close to $319,807. The separation between the list price and the actual sales price produced a 96% price difference ratio.

In terms of real estate financing we saw around 11 conventional loans with an average home price of $325,212. Conventional deals in October ‘09 were reported as staying on the market for around 20 days. For FHA financed deals there were 7 loans with an average home price of $248,225.

FHA homes stayed on the market for an average of 70 days. We saw 5 cash financed homes in Discovery Bay with an average home price of $272,780. Cash deals were reported as closing in about 23 days.