Richmond Homes Market Comparison Report (march 2009 Vs. March 2010)

We analyze several housing market indicators in order to present an in-depth breakdown

of Richmond Homes Market comparing March 2009 to March 2010.

Summary of Key Points

Richmond Homes for Sale has started showing significant signs of improvement with median sales price climbing up while at the same time houses are selling faster. Sellers received over asking price.

Key Statistics, Richmond, CA: Median Sales Price (30.79%), Median Days on Market (-50.83%), and Number of Units Sold (-44.15%), Sales Price to List Price Ratio (Mar 09 99% - Mar 10 101%)

Richmond Homes

The city of Richmond experienced a 30.79% increase in median sales price from last year going up from $158,768 (March 09) to $207,647 (March 2010). Median days on market data for Richmond show that houses are selling faster than March 09. It took 51 days in March 09 for a house to sell and for March 10 that number has gone down to 25 days (a 50.83% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 188 units were sold compared to 105 for March 10 (-44.15% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Richmond. SP/LP ratio for March 09 was 99% compared to 101% for March 10.

Lets take a brief look at neighbors Berkeley and Oakland. Berkeley Homes featured a 16.88% increase in median sales price ($623,131 March 09 - $728,290 March 10) and Oakland Homes saw a 34.49% increase ($251,680 March 09 - $338,488 March 10). Are houses in Berkeley and Oakland selling faster or slower this year? Well, Berkeley experienced a 14.62% increase (34 to 39 days) in median days on market and Oakland a 28.95% decrease (51 to 36 days). In the units sold category, Berkeley sold 9 units more (37.50%) in March 2010 than 09 and Oakland sold 80 units less (-23.32%) in March 2010 than March 09.

for viewing the latest market inventory

Homes for sale for MLS Search,

Bank REO / Short Sale Search

Foreclosure Search ( Outside MLS)

Just Listed Properties

Income Properties (1-4 units)

Condo searches

New Construction Homes

In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.

by: Shaye P

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