Concord Real Estate Update - January

By
Real Estate Agent with Keller Williams

ConcordHappy 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 a main reason why. The national unemployment rate in November was 5.5 percent, more than a full percentage point lower than the rate reported for November 2013 (6.6 percent). A total of 200 metro areas had an unemployment rate below the national average of 5.5 percent in November.

With 2015 projections being positive, we have great things to look forward to in Concord this year! As far as 2014, we ended on a low note with decreases across the board. The only positive year over year increase was in the median sale price which had a slight increase of 6%, from $435,000 to $460,000. Sold, under contract and new properties all had pretty significant decreases. Sold properties in Concord were down by 26%, under contract properties down by 2% and new properties down by 24%. Additionally the number of for sale properties dropped year over year by 27%. Lastly, there was a 9% increase in the number of days a property stayed on the market in the month of December, from 36 to 39 days. An increase, but not a positive one unfortunately. 2015 is likely going to be a better year with the recent projections so it’s time to push forward and stay positive in the new year!

Community Event

Concord Farmers’ Market

Market Schedule

Day Time Season
Tuesday 10:00 AM to 2:00 PM Year-round
Thursday 4:00 PM to 8:00 PM April 24, 2014 to October 23, 2014

Market Location

Todos Santos Plaza, Willow Pass & Grant Street Get directions…

About the Concord Farmers’ Market

The Tuesday market is open year-round, from 10:00 AM to 2:00 PM. Pick up a healthy and delicious lunch in the market and a bag of fruits, vegetables and nuts to take home!

The Thursday market open and runs from Spring to Fall and is a great place for fresh food and weekly entertainment. See you there!

Weather Forecast

 

The farmers’ market is open rain or shine, but it doesn’t hurt to be prepared. Click here for today’s weather forecast for the farmers’ market.

Comments (0)