Happy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in Pleasant Hill 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 Pleasant Hill this year! Pleasant Hill closed out the year fairly well with a few decent year over year increases as well as a few decreases. The median sale price and the and the number of properties sold both increased slightly from December 2013 to December 2014, with a 14% increase in median price and an 18% increase in sold. Almost all other categories saw year n over year decreases, such as under contract, new and for sale properties. Lastly, there was an increase of 82% from 32 to 58. December didn’t finish off 2014 very strong but with positive projections for 2015 we’re really looking forward to a turnaround in the Pleasant Hill real estate market.

Community Event 

Walnut Festival Association’s 10th Annual Surf & Turf Crab Feed