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martinez real estate: What's Happening in Today's Market? - 02/17/09 04:10 PM
In many local areas, the number of home sales was up in the 4th quarter from the same period last year, somewhat of a surprise given the economic climate. There are two factors contributing to the increase in sales. The first is price. The areas that have seen the highest growth in sales are also the ones that have seen the greatest price declines. Secondly, interest rates reached long-term lows again in the 4th quarter, nearing 5% for a conforming fixed rate loan. Despite the increase in activity over last year, all areas saw price declines. The silver lining in our market
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martinez real estate: What's Happening in Today's Market - 08/15/08 01:12 AM
Sales remain consistently slower in most parts of Contra Costa County, while prices have continued to decline, although at a somewhat slower rate. While foreclosures have dominated East County, and even parts of Concord, they remain relatively infrequent in the central areas of Walnut Creek, Lafayette, and Pleasant Hill. Overall, in Walnut Creek, sales in the second quarter of 2008 are down just slightly, although the median price has declined about 12% in Walnut Creek from the same period a year ago. Concord, on the other hand, has seen a dramatic increase in homes sales over the same period last year, mainly
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martinez real estate: Central Contra Costa 2nd Quarter Real Estate Sales Statistics - 08/15/08 01:10 AM
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