Fremont Homes Market Comparison Report (March 2009 vs. March 2010)
We analyze several housing market indicators in order to present an in-depth breakdown of Fremont Homes Market comparing March 2009 to March 2010.
Fremont Homes for Sale is shown strong signs of improvement with median sales price climbing up while at the same time houses are selling faster. Sellers received 99% of asking price and number of units sold also increased.
Key Statistics, Fremont , CA: Median Sales Price (24.90%), Median Days on Market (-36.59%), and Number of Units Sold (74.77%), Sales Price to List Price Ratio (Mar 09 98% – Mar 10 99%)
The city of Fremont experienced a 24.90% increase in median sales price from last year going up from 9,938 (March 09) to 1,987 (March 2010). Median days on market data for Fremont show that houses are selling faster than March 09. It took 42 days in March 09 for a house to sell and for March 10 that number has gone down to 26 days (a 36.59% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 111 units were sold compared to 194 for March 10 (74.77% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Fremont. SP/LP ratio for March 09 was 98% compared to 99% for March 10.
Let’s take a brief look at neighbors Milpitas and Union City. Milpitas Homes featured a 21.94% increase in median sales price (2,625 March 09 – 3,158 March 10) and Union City Homes saw a 9.68% increase (9,934 March 09 – 5,758 March 10). Are houses in Milpitas and Union City selling faster or slower this year? Well, Milpitas experienced a 32.11% decrease (92 to 62 days) in median days on market and Union City a 43.64% decrease (50 to 28 days). In the units sold category, Milpitas sold 11 units less (-24.44%) in March 2010 than 09 and Union City sold 10 units more (17.24%) in March 2010 than March 09.
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