Table of Content
- What homes are available in Contra Costa County, CA?
- Contra Costa County Home Prices Remain Unaffordable, Report Says
- A recently released report shows homes remain less affordable now than a year ago in 99 percent of U.S. counties.
- Find out what’s happening in yourcommunity on the Patch app
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This too seems counterintuitive, given the COVID-19 situation. "Some buyers no doubt remain parked on the sidelines, concerned about the possibility of buying near a price peak, and affordability remains a huge hurdle for many," LePage said. The data show that last month, 7,247 homes were sold in the Bay Area, the lowest for that month since August 2010 when just 6,698 homes were sold in the region. San Bernardino County bucked the trend by showing a decrease in median home price to $405,000 in April from $412,000 in March. The San Francisco Bay Area saw its median home price jump to a staggering $1.328 million in April from $1.225 million in March. The median cost of a single-family home in the county increased from $935,000 in February to $965,900 in March.
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.
What homes are available in Contra Costa County, CA?
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.
A two-bedroom condo in Orinda was valued at $369,000, a 5.7 percent increase over February's $349,000. The median price of an existing single-family detached home in the Los Angeles area rose to $725,000 in April, an increase of $45,000 from a month earlier. The new statewide median price topped the previous record of $827,940, set in August 2021.
Contra Costa County Home Prices Remain Unaffordable, Report Says
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.
A look at August 2019 home sales in the Bay Area and Contra Costa County. The California Association of Realtors has more than 200,000 members and is headquartered in Los Angeles. "At some point, interest rates are going to start rising, especially since the economy is going to start picking up," he said. "The pace of growth is going to probably be a little slower in May or Juen."
A recently released report shows homes remain less affordable now than a year ago in 99 percent of U.S. counties.
The metrics are bad news for low-income Californians and even for middle-class residents who are looking to buy a home. Sales increased the most in the San Francisco Bay Area and along the Central Coast, where many residents moved after realizing that they could live anywhere while working from home, Wei said. LePage said the nominal Bay Area home price is at it's highest ever, but in inflation-adjusted terms, the price is 12 percent below its peak of nearly 10 years ago. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Contra Costa Co. Median Home Sale Price Up, Home Sales Drop
New reports and data have come out over the past few weeks, giving us more insight into Contra Costa County home price trends in 2020. In Contra Costa County, 1,529 homes were sold in August, down 0.8 percent from August 2018 when 1,541 homes were sold. Meanwhile, interest rates for 30-year fixed-rate mortgages dropped to a record low 2.6 percent from as high as 6.5 percent in 2006 and 2007, Wei said.
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.
The Lamorinda area has proven especially attractive to move-up buyers from other parts of the Bay Area and to families undergoing corporate relocations, said Avram Goldman, a senior vice president with Coldwell Banker. The appreciation was contained in the August Homes Values report, a biannual survey conducted for the Examiner by Coldwell Banker Residential Real Estate. For assistance in this market, do not hesitate to contact me. If you are thinking of selling, I can provide a free comparative market analysis.
"This results in a pressure cooker effect, and the market's traditional pressure release valve -- new home construction -- isn't helping much, given that new-home sales are running more than 40 percent below historically normal levels. Contra Costa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more. ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies.
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.
Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. Weeks, however, at the same time the seller received 2 other offers and accepted a higher in price offer. "So when you're talking in the high $200,000 and mid-$300,000, Walnut Creek is a great option" for families - many of them trading up from homes in Martinez and Concord, or San Franciscans seeking better values. But with 154 software companies now located between Pleasanton and Danville, Goldman said the area is becoming a mini Silicon Valley.
More Real Estate Resources for Contra Costa County
In fact, if you look at current real estate activity in the area, you might think a pandemic had never even happened. Low interest rates often drive housing market shifts, according to Investopedia. That sales number is up 5% from February but down 4.4% from March 2021, data show.
Home sales within Contra Costa rose by 11.3% during that same 12-month period, according to C.A.R. This shows that there is still strong demand from buyers in the area. The real estate market continues to surprise analysts and economists, performing strongly despite the COVID-19-related damage to other areas of the economy. And the housing market in Contra Costa County, California is no exception to this trend. In the highest-priced counties of San Francisco and San Mateo, the median price fell 13.3 percent to $1,127,500 and 3.4 percent to $1,036,500, respectively. In Solano County, where the region's lowest-priced homes can be found, the median price rose to $370,250 from $350,000. Any information relating to a property referenced on this web site comes from CRMLS.
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