concord community events: Concord's Real Estate Update - October
- 10/13/14 03:02 PM
The U.S. real estate market is nearly stabilized with several of our local markets recovering faster than the nation, Concord being one of them. The median sale price has increased year over year by 9%, from $440,000 to $477,500. As you can see by the graph, the median sale price has remained very steady throughout 2014 so far, which is great news. There haven’t been major spikes like other neighboring cities but there also hasn’t been any drastic decreases. One area where Concord has seen some more drastic fluctuations is in the number of units sold. Since June, the number of … (0 comments)
concord community events: Concord Real Estate Update - September
- 09/05/14 03:23 PM
Early summer months are generally pretty quiet and tend to pick up after school has started and vacations have passed which has been the case for Concord real estate. Prices have increased and inventory is still pretty low, with supply and demand not yet stabilized. The median sale price was up 15% year over year from $437,000 in August 2013 to $502,500 in August 2014. Additionally, the number of properties sold is down 21% year over year from 107 to 84 which I believe is directly related to the intense demand for inventory. In general, many homebuyers are sitting out … (0 comments)
Concord’s median sale price has remained very consistent throughout the past year. We are seeing a slight uptick but nothing drastic. Year over year the median price is up by 7%, from $430,000 in May 2013 to $460,000 in May 2014. Again, nothing drastic but any increase is great news for Concord’s real estate market. We have seen the largest spikes in the last two months but otherwise it’ remained pretty steady. And like many other Bay Area cities, the number of properties sold is down. That is in relation to the inventory levels. The decrease isn’t anything significant, … (0 comments)
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