Contra Costa County Housing Market Report

Alamo/Blackhawk/Danville
Listings are down 17.5% from October, but the number of buyers writing contracts is up 12.3%. Overall, since June, our inventory of homes for sale is down 34.4%, and the number of homes that have closed and sold is down 39%. The average list price in November was $1,471,000, but the average price of a home that sold was only $938,000. Buyers still perceive that below $1 million range to be the fair market price for most homes.
Charts represent information gathered from MLS statistics at a specific point in time. Source: Trendgraphix, Inc.*

Lamorinda

Listings in Lamorinda are down 32.6% since October, while the number of contracts written is up 11.4%. Number of closings is down as a reflection of no new inventory for buyers to choose from. We continue to have a limited supply of homes to sell, down 45.5% since June, and closings down 70% since June. The average price of homes that are on the market is still higher than buyers seem to want to pay – $1,393,000, versus a sales price of $1,010,000. The good news for those who do price their home well and have it listed – the number of days on market before an offer is written is down 25% since last month, once again driven by low inventory availability.

Charts represent information gathered from MLS statistics at a specific point in time. Source: Trendgraphix, Inc.*

If you are currently looking to buy or sell a home in Contra Costa County, click the thumbnail below to enlarge our complete Contra Costa County Monthly Market Update. Visit our site for up-to-date information on Contra Costa real estate market conditions and to contact one of our real estate professionals.

(figures as of November 30, 2011)

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