Trends in the Contra Costa Co.Real Estate Market
July 2009
As you can see below inventories are falling, pended sales are stable, and solds fell -mostly because there is so little inventory and banks are still tight. Scroll farther to see inventory levels and $ per/sf, as well as what the other important averages are...
Months of Inventory -as low as June 2.2 months "A Sellers Market" (less than 3 months available inventory) Antioch is at .8 Months of inventory right now.
Average $/per square ft. Going up to $209/sf
Average time on market Down to 52 days and Sellers getting 98% of what they ask...
Average price asked in CC Co. is $789k Avg price sold is up to $398k...
June 2009
This Graph shows the homes available for sale, sold and pending sales in Contra Costa County from April 2008 to June 2009. I feel it represents the stabilization effect of homes sold in mass quantity at bargain prices. Inventories are at all time lows in the last two years in many markets also and multiple offers are normal for competitivly priced homes in desirable neighborhoods.
This graph shows th dramatic reduction of inventories from 8 months supply (definitely a buyers market) to less than 3 months supply which is considered a sellers market.
This next graph shows the average home forsale in CC Co. was $762,000 the average price of homes sold however was $377,000, so a shift to less expensive homes sold, while expensive homes languish on the market.
This last graph represents the days on average it takes to sell a home in CC Co. which has fallen to 59 days and average price of those homes equals 98% of what the seller is asking for their home.
If you have any particular area you may be interested in let me know, and I'll send you a copy of the area you wish.
