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 properties sold has slowly declined, from around 110 in June to 74 in September. This is likely do to the market still favoring sellers. Some buyers are waiting out the market to see if this favoritism levels out. The number of new properties coming on the market has also decreased year over year by 9%. And this is more than likely do to the time of year. The holidays are nearing which is not an optimal time to be selling. Generally, people like to wait out the holiday season to pick up and move. So far, 2014 has been a pretty stable year for the Concord real estate market. 2015 is right around the corner…can you believe it?! Looking forward to see what changes are in store.
Halloween Trick or Treat – Todos Santos Plaza, Concord