Martinez Real Estate Update - January

By
Real Estate Agent with Keller Williams

MartinezHappy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in Martinez 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 Martinez this year! Martinez closed out the year on a high note as far as year over year numbers are concerned. The median sale price had an increase of 31%, from $417,500 to $549,000. There were also increase across the board as far as the number of new properties, sold properties and under contract properties. Sold properties were up by 27%, new properties increased by 33% and under contract properties by a whopping 80%. And lastly, the amount of for sale properties was up year over year by 10% from 77 to 85. Martinez ended strongly, let’s hope for continued progress in Martinez real estate.

Community Event

Martinez Farmers' Market

Market Schedule

Day Time Season
Sunday 10:00 AM to 2:00 PM Year-round
  Location: Main Street at Estudillo St., Martinez Get directions...

     

About the Martinez Farmers' Market

 

Every Sunday and Friday, Downtown Martinez comes alive with a delicious marketplace full of fresh California-grown fruits and vegetables.

On Sunday, the market is open from 10:00am to 2:00pm, on Main Street at the Main Street Plaza.

NEW for 2014, Friday market is open from 4:00pm to 8:00pm, on Main Street at Estudillo!

 

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.

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