With only two more months left of 2014, most are wondering how 2015 projections are looking for sellers and buyers. A recent forecast by the California Association of Realtors gives much hope to homebuyers for the coming year, with a prediction of a growing supply of inventory, leveling home prices and less competition with investors. There is also a prediction that mortgage interest rates will remain at historically low levels throughout 2015. This is an incredible outlook for the coming year. And with that being said, 2014 has been a very solid year in the real estate market.
Concord has had a really steady year in real estate as far as the median sale price is concerned. Year over year, the sale price increased by 14%, from $399,995 in October 2013 to $455,000 in October 2014. And the number of properties sold has decreased by 3% year over year from 94 to 91. The month to month fluctuation was more drastic with a 12% variation from 81 to 91. And for the last three months the number of new properties that have come on the market has slowly decreased. And year over year there was an 11% decrease from 107 in October 2013 to 95 in October 2014. And interestingly enough, the number of expired properties has increased drastically from 19 to 32, a 68% year over year increase. Overall, the last 10 months have been very positive for the Concord real estate market. We'll see how the next two months fare.
November Community Event
CONCORD Tree Lighting Ceremony, Santa's Grand Arrival and Mayor's Sing Along Saturday, December 6, 2014, 4 p.m.
Todos Santos Plaza
Willow Pass Road (between Mt. Diablo & Grant)
Concord, CA
(925) 671-3464
cityofconcord.org
Downtown Concord kicks off the holiday season with Santa's Grand Arrival, followed by holiday entertainment, the Mayor's Sing-Along, and Concord's Official Holiday Tree Lighting. From the city that brought cost saving measures in 2009 by using a municipal tree dubbed the Charlie Brown Tree because of its spindly appearance, scant decorations and faded brown branches, a new live tree is expected to occupy center stage at the holiday tree lighting ceremony as it did in 2010. What went wrong in 2009? Well water the city uses to keep the grass around the tree extra green caused the tree to turn extra brown, possibly because of boron in the water.
Santa arrives around 4 p.m. on a bright red fire truck and listens to kids' holiday wishes. Parents are welcome to bring a camera or opt for a professional photo available for a fee.
On-stage entertainment begins at 5 p.m. with school choirs and community entertainment on stage, followed by a holiday sing-along and traditional tree-lighting.
The Todos Santos Business Association may be sponsoring carriage rides from 4:30 to 7:30 p.m. in front of the First Presbyterian Church around the corner from the plaza on Colfax Street. Call hotline for details, or keep fingers crossed!
In 2009 when the community tree was used as the Christmas tree, there was such an outpouring of community spirit, and the story touched a nerve nationwide with people from many states that it's been hard to live up or down that memorable year. In 2010 a donated live Blue Spruce, measuring 12 to 15 feet replaced Charlie Brown to become Concord's official Holiday Tree, decorated and placed near the Todos Santos stage. When the tree reaches an appropriate height, it will be planted in Todos Santos Plaza and used each year as the Holiday Tree.
Emcee for the tree lighting in the past has been a Channel 7 news anchor. Events sponsors include the Todos Santos Business Association, Contra Costa Times, KKDV radio and Astound Broadband.
Free parking
Todos Santos Plaza is enjoys free parking in two municipal garages. The Grant Street Garage entrance is on Salvio Street between Grant and Colfax streets. The Todos Santos Parking Center entrance is on Salvio Street between Galindo and Mt. Diablo streets.
For information about downtown events, visit concordfirst.org or call the hotline at (925) 671-3464
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