subject: Fremont Homes Market Comparison Report (february 2009 Vs. February 2010) [print this page] We analyze several housing market indicators in order to present an in-depth breakdown of Fremont Homes Market comparing February 2009 to February 2010.
Summary of Key Points
Fremont Homes for Sale has started showing signs of improvement with median sales price climbing up while at the same time houses are selling faster. The number of units sold increased and sellers received full asking price. This market is definitely on the upward trend.
Key Statistics, Fremont, CA: Median Sales Price (6.95%), Median Days on Market (-42.14%), and Number of Units Sold (39.02%), Sales Price to List Price Ratio (Feb 09 95% - Feb 10 100%)
Fremont Homes
The city of Fremont experienced a 6.95% increase in median sales price from last year going up from $497,932 (Feb. 09) to $532,537 (Feb. 2010). Median days on market data for Fremont show that houses are selling faster than Feb 09. It took 57 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 33 days (a 42.14% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 82 units were sold compared to 114 for Feb 10 (39.02% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Fremont. SP/LP ratio for Feb 09 was 95% compared to 100% for Feb 10.
Lets take a brief look at neighbors Milpitas and Union City. Milpitas Homes featured a 4.93% increase in median sales price ($430,207 Feb 09 - $451,435 Feb 10) and Union City Homes saw a 5.36% increase ($387,539 Feb 09 - $408,315 Feb 10). Are houses in Milpitas and Union City selling faster or slower this year? Well, Milpitas experienced a 63.37% decrease (91 to 33 days) in median days on market and Union City a 16.95% increase (23 to 27 days). In the units sold category, Milpitas sold 28 units less (-57.14%) in Feb 2010 than 09 and Union City sold 4 units less (-11.43%) in Feb 2010 than Feb 09.
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