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This map reflects median home sales prices as reported to NorCal MLS Alliance, September 1 through late December 2022, for the cities of Alameda & Contra Costa Counties. Median sales prices are generalities that often fluctuate and can be affected by other factors besides changes in fair market value. They typically disguise a huge range of prices in the underlying individual sales, and all prices should be considered approximate. It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. Data from sources deemed reliable, but may contain errors and subject to revision.
Actual sales prices of specific homes can vary sharply, depending on local market conditions. The median price for homes sold last month in Contra Costa County was $630,000, which is up 2.4 percent from July 2019 when the price was $615,000 and up 2.5 percent from $614,500 in August 2018, according to the data. The median price for homes sold in the Bay Area last month was $810,000, which is down 0.7 percent from July 2019 when the price was $816,000 and down 2.4 percent from $830,000 in August 2018, according to the data. Statewide housing affordability reached its lowest level since mid-2018, the association reported last week.
Housing Prices Surge Across Contra Costa County
It also put the average price above the $800,000 mark for the first time in six months. The housing market in Contra Costa County is fairly hot right now, with motivated buyers trying to outfox one another for limited supply. As you might have guessed, this is pushing home prices higher across the county. Absentee buyers—mostly investors, but also second-home buyers—bought 16.9 percent of all Bay Area homes sold in August 2019. This is up from 15.9 percent in July 2019, and down from 17.1 percent in August 2018.
That’s based on two reports published over the past month, one of which just came out today. "Although Bay Area home sales in August fell nearly six percent from a year earlier, the recent drop in mortgage rates likely helped temper that decline," Andrew LePage, an analyst with CoreLogic, said in a statement. As the economy reopens, lower-priced housing may start to come back onto the housing market, Wei said.
How many homes are available in Contra Costa County, CA?
Three-bedroom homes and condominiums both posted gains of over 5 percent. A three-bedroom, single-family detached home in Moraga was valued at $342,000, a 9.6 percent increase from $312,000 six months earlier. A four-bedroom home rose 8 percent to $420,000 from $389,000.
Another key trend from the latest C.A.R. report has to do with “active listings.” These are homes that are currently listed for sale. And that trend can be summed up with two words — steady decline. So that’s a roundup of the latest home price trends for Contra Costa County, as we head into the fall of 2020. Despite the ongoing COVID-19 pandemic, house values across the county continue to climb.
Compared to March 2021, the median home price in Contra Costa County has gone up by 5 percent.
Housing sales plummeted in the early uncertain months of the pandemic. But higher-income Californians whose jobs were unaffected by coronavirus-related shutdowns started browsing in the market again during the second half of 2020, Wei said. According to the Realtors Association, with rising interest rates not yet having a significant impact on sales figures, demand remained strong statewide.
The year-over-year drop for March was the ninth straight but the smallest in eight months, data show. CONTRA COSTA COUNTY, CA — The median price of a home in Contra Costa County is continuing to rise, according to the Realtors Association’s data for March. Compared to March 2021, the median home price in Contra Costa County has gone up by 5 percent.
Contra Costa County Home Values
In Alameda County, the median price rose to $700,000 from $685,500, while the median price in Contra Costa County rose $20,000 to $540,000. If you're buying a home in Contra Costa County, you may be able to get a good deal. Zillow's metrics aim to inform and support the decision-making process with relevant market data by measuring monthly market changes across various geographies and housing types. Zillow Home Value Index , built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types. We’re also seeing an increase in the number of first-time home buyers within Contra Costa County and elsewhere across the nation.
The closed escrow sale of existing single-family homes statewide totaled 426,970 in March -- based on a seasonally adjusted annualized rate, the association's monthly data show. That annualized figure represents what would be the total number of homes sold in the state in 2022 if sales maintain March's pace. Realtors adjust the figure to account for seasonal factors that can influence home sales, the association said. So far this year, monthly home sales increased for three consecutive months.
The absentee buyer share peaked at 28.8 percent in February 2013 in the Bay Area, and since 2000, the monthly average has been 16.5 percent. California's home prices plummeted last April amid the coronavirus shutdowns, dropping by more than 30 percent. But a year later, median home prices across the state rose above $800,000 for the first time ever, according to a report from the California Association of Realtors. "The tight supply of homes on the market continues to constrain sales, while low mortgage rates and job growth help fuel healthy demand," research analyst Andrew LePage said in a statement. A short supply and healthy demand for Bay Area homes lifted the median sales price last month to a historic high of $700,000, surpassing the previous peak of $690,000 set in April, according to research firm CoreLogic.
The data relating to real estate on this web site is provided through a cooperative data exchange program of the Bay Area Real Estate Information Services, Inc. Multiple Listing Service in which this real estate broker participates. The properties displayed are only the properties in the MLS's database approved by the cooperating listing Brokers to be displayed. Properties listed by brokers other than the broker owning this website are identified with the name of the listing broker's company, and name of the Listing Agent. Information provided is not guaranteed to be accurate by BAREIS MLS, and you are advised to verify facts that are important to you.
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