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East Contra Costa County Home Prices and Market Trends – Feb 2016

By
Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

East Contra Costa County Home Prices and Market Trends – Feb 2016

East Contra Costa County Home Prices are on the way up and this is because East East Contra Costa County HomesContra Costa Homes are affordable and quality homes. With BART extended out to Antioch California (and further extensions in the works), with the widening of Highway 4, and the expansion of the bypass; East Contra Costa County Homes are becoming more in demand.

The quality of life in East Contra Costa County is a constant draw to Home Buyers. Some of the highest rated schools in the state are in Brentwood, Summerset Homes and the Vineyard offer fine 55+ Housing, there are homes with Deep Water Docks on the Delta, there is great golfing and water recreation, and the communities set on the edge of the county's agricultural core.

Let's take a look at the numbers for Active Homes, Sales for the last 4 months and compare sales from 2015 and 2014:

PERIOD

NUMBER

HIGH

LOW

MEDIAN

DOM*

Active

347

$5,200,000.00

$119,000.00

$504,900.00

19

Sold Jan 2016

338

$1,425,000.00

$115,000.00

$380,000.00

22

Sold Dec 2015

383

$1,450,000.00

$67,500.00

$390,000.00

18

Sold Nov 2015

268

$1,290,000.00

$70,000.00

$386,500.00

18

Sold Oct 2015

398

$1,380,000.00

$130,000.00

$377,500.00

15

2015

4462

$1,680,000.00

$55,000.00

$380,000.00

15

2014

3909

$4,055,000.00

$41,000.00

$345,000.00

18

  • Median Days on Market

 

The prices are trending up, and were up about 10% based on Median price in 2015. Now there are some ups and downs. Sales dropped in November before picking back up and there was a deep in Median Price in January; but I think the over all trend will continue up. The drop in November reflects that fall of in shopping in the fall when kids head back to school. Often January sees some drops due to fewer buyers in the market in November and December.

Homes priced right continue to sell. My gut feeling is the market is starting to move toward the middle. Lower end homes are still selling, but buyers are looking for a little more and will spend a little more to get a home in the middle of the market. High end homes are selling too, but it takes more time. Hence the Median Price in the Active Market is much higher than sold prices.

Gene lives and works in Brentwood Ca, where he is the Broker and owner of Home Point Real Estate providing service to the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond. Give us call regarding Buying a Home, Selling a Home, or Real Estate Investing. Call 925-260-4321.

Originally Published at HomePointBrentwood.com.  

Comments (6)

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Very well done report Gene. Lots of important information for anyone considering buying a home.

Mar 05, 2016 07:30 AM
Gene Riemenschneider

Joe Petrowsky THanks for coming by.  Don't get a lot of comments on the market reports, but they get a lot of clicks.

Mar 07, 2016 01:41 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gene, sure looks like you are in a very healthy market in Contra Costa County, and bet you are very busy!  

Mar 21, 2016 11:48 PM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

@Joan Cox too healthy maybe.  I have wanna be listers holding off.

Mar 22, 2016 03:38 AM
Roy Kelley
Retired - Gaithersburg, MD

Families moving to the area will appreciate your local real estate market reports.

Apr 08, 2016 10:58 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Roy Kelley thanks.  This is a great area to live.

Apr 11, 2016 02:17 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Gene -this is a helpful market report for East Contra Costa County.  You have some nice choices.

Apr 21, 2016 06:15 AM