House of the Week: Blame it on Brentwood
For this week’s House of the Week, Cirios takes you on a ride to the formerly pastoral outskirts of Contra Costa County, an hour-long jaunt east from San Francisco. Brentwood, once a quiet farming town, became a poster child for the housing market’s boom and bust. Builders threw up development after development, buyers paying more and more with cheaper and cheaper loans.
Prices have fallen back to earth, but after more than a 50% decline in average sales prices, buyers are coming 
back into the market. Property values keep falling, but sales have been booming: In the past three months transactions are up over 300% from 12-months ago.
Address: 552 Sassafras Dr, Brentwood, CA 94513
Status: LISTED
Bedrooms: 4; Bathrooms: 4.5
Living Space: 4,678 square feet (yes, it’s that huge)
Lot Size: 21,911 square feet (0.5 acres)
List Date: 12/26/07 (421 days on market)
Original List Price: $1,200,900
Current List Price: $519,900
Elementary School API: 841 (High)
Zip Code Sales Last 3 Months (year-over-year): 331%
% Homes in Foreclosure in Zip: 9.3% (High)
% Housing Inventory for Sale in Zip: 2.6% (High)
Real Estate Agent Comment: Don’t miss out on a great opportunity to own a 
large home on an enormous huge lot! 4 bedrooms each with own bath! Large office with fireplace! Bonus/game room with fireplace! Large kitchen with granite counters! Great home to entertain!
(For all you aspiring agents out there, notice the perfect sentence to exclamation mark ratio of 1:1. Amazing work.)
WHAT WILL THIS HOME SELL FOR?
Post a comment below to guess!
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Tags: brentwood, contra costa county, development, homebuilder, House of the week, PUD