concord housing market: Concord Real Estate Update - July
- 07/09/15 03:01 AM
Overall, June was a booming month in real estate for the Bay Area. The job market is thriving, interest rates are still low and rent rates are at an all time high. With all of that being said, the housing market is pretty solid. Demand for homes in California showed no sign of cooling as summer officially began, with three Bay Area cities named among the nation’s five most booming real estate markets. Homes in the state remain in high demand due to limited supply conditions and a thriving economy. These factors have helped drive median list prices in some parts of … (0 comments)
Pending home sales in California saw the first double-digit annual increase in three years in February and also the largest gains since the housing crisis. According to a report from the California Association of Realtors, pending home sales increased by 15.6 percent year over year in February, the most significant annual increase since April of 2009. The Bay Area also saw double-digit percentage increases which suggests that the pace of sales will pick up across the state in the coming months. This may finally give buyers a more level playing field. Concord had a solid month in March, which is inline with the recent CAR data. … (0 comments)
The market has been pretty quiet among many Bay Area cities over the last few months of 2015, including Concord. Home sales declined in all nine Bay Area counties in the first month of 2015 which was the the result of limited affordability, according to a report released by the California Association of Realtors. Additionally the sales drop-off in the Bay Area was attributed to intense demand and inventory shortages, which have driven up prices. The report also stated that the Bay Area was the only region in the state where the average home seller could expect to take in about 100 percent of … (0 comments)
The number of Bay Area homes on the market tightened as 2014 ended and continue to in the first month of 2015. According to the California Association of Realtors December home sales and price report, the months’ supply of inventory for single-family homes across the Bay Area dropped to 1.7 in December, down from 2.3 in November. With that, the Bay Area real estate market remains heavily tilted in favor of sellers, as it did one year ago. Along with inventory levels, home prices also dipped across the Bay Area. Even with the month-over-month slips, Bay Area counties remain the state’s most expensive … (0 comments)
concord housing market: Concord Real Estate Update - January
- 01/07/15 07:20 AM
Happy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in Concord was steady but like all of the Bay Area, it was nothing to write home about. Employment statistics released earlier in the week by the U.S. Bureau of Labor Statistics (BLS) fall right in line with analysts’ recent predictions that the housing market will make a comeback in 2015. Reports from economists at CoreLogic and Wells Fargo released in December indicated they believe housing will rebound in 2015 after a disappointing 2014, and they cited improvements in the U.S. labor market as … (0 comments)
concord housing market: Concord Real Estate Update - December
- 12/04/14 05:28 AM
2014 has been a great year for the Concord real estate market. And with recent 2015 projections coming out for the U.S. real estate market, 2015 will likely be even better. Freddie Mac’s economic outlook for 2015 calls for 3 percent growth in the U.S. economy, which means good news for Bay Area housing. Home value appreciation is expected to drop slightly which is a positive for buyers and sellers. Home values have appreciated so much throughout the last year so many homeowners are all in all in a good place. This also means buyers will be more active. As far as interest … (0 comments)
concord housing market: Concord Real Estate Update - November
- 11/06/14 02:40 AM
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 … (0 comments)
concord housing market: 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 housing market: 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 real estate has remained very steady throughout the last year. The median sale price has increased slightly year over year by 4%, from $431,000 to $450,000. Over the last month, from May to June, the median sale price has remained the exact same, no increase or decrease. The number of properties sold in Concord, year over year has also increased by 4%, from 97 to 101. Not a large increase but a positive change. Also, the number of properties under contract by month has increased by 5%, from 99 to 104. Another small increase but an increase at … (1 comments)
concord housing market: Concord Real Estate Update - March
- 03/12/14 11:11 AM
Concord is holding strong in the real estate market with steady gains throughout the months. February’s median sale price was $436,500 compared to $350,000 in February 2013 which is a 25% increase. The number of sold properties is down 43% from February 2013 to February 2014 which likely has much to do with the amount of inventory. There were a lot more properties on the market last February which in turn increased the units sold. Though, like other cities in the Bay Area, the number of new listings coming on the market is starting to increase. In January there were around … (0 comments)
concord housing market: Concord Real Estate Update - February
- 02/09/14 02:39 PM
Concord is the largest city in Contra Costa County and with the population growth has come a positive growth for the real estate market. Concord just continues to surge ahead. January was a solid month with a median sale price of $420,000, an increase of 20% from January of 2013…this is great news for Concord! The number of for sale properties is up slightly from January 2013 to January 2014. All around Concord is becoming more and more appealing to home buyers with a great downtown, farmers market, free summer concerts and a number of great restaurants. 2014 should be a … (0 comments)
concord housing market: Concord Year End Real Estate Update
- 01/22/14 10:01 AM
With the New Year, comes new housing market projections and all seems to be on the up and up. We can anticipate continued growth for housing in 2014. Home sales and prices are suspected to increase as the market transitions toward primary homebuyers. Looking back at 2013 there was a major spike in units sold and median sale price. Comparing December 2012 to December 2013 the median sold price is up 29% from $315,000 to $406,500. Overall, the 2013 housing market was on fire and it seems as though 2014 will bring the same heat! Click Here for more updates on … (0 comments)
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