Well the first quarter of 2013 is over so it is time to take a look at how the real estate market in Blackhawk Country Club performed versus the same period a year ago. The market is very active right now but that does not reveal itself in the number of homes sold (24 last year compared to 25 this year). Inventory levels have been on the decline all over the Bay Area which has prices increasing as well as a reduction in the number of days it takes to get a home into escrow. In 2013 the average days on market was 57 versus 97 in 2012. It is certainly a move in the right direction when you compare it to the first quarter of 2011 when the average days on market was 123! We are seeing a bit of an increase in the median price as well. I would estimate that the 2013 median price in the 2nd quarter will continue to increase since there are currently 6 residences pending sale between $2,375,000 and $4,595,000. Good news when the luxury end of the market is doing well too.
The market appears healthier from a distressed perspective as well. Last year we saw 3 Bank Owned Sales and 4 Short Sales close in the first quarter. That was almost 30% of the sales for that period. This year....1 Short Sale. I’ve been going through the real estate sales statistics in Blackhawk Country Club for some time and it is a pleasure to be able to report positive news!
You Can Also Take a Look at 2012 vs 2011 Blackhawk Real Estate
Browse Current Homes for Sale in Blackhawk Country Club
Comments(2)