| Trends at a Glance | |||
| (Single-family Homes) | |||
| Dec 09 | Nov 09 | Dec 08 | |
| Average Price: | $630,813 | $659,676 | $660,271 |
| Home Sales: | 342 | 329 | 271 |
| Pending Sales: | 306 | 319 | 240 |
| Inventory: | 742 | 890 | 1,280 |
| Days of Inventory: | 67 | 84 | 146 |
Home sales were up for the tenth month in a row in December, year-over-year. Home sales rose 27.5% compared to last December, and were up 4% from November. We expect sales to be strong through the Spring selling season because of the extension, and expansion, of the first-time home buyers tax credit of $8,000 for buying a principal residence. First-time buyer is a buyer who has not owned a principal residence in the three-year period prior to the purchase. There are some income limits. For full information, see: http://federalhousingtaxcredit.com.
In addition, the tax credit was expanded to include move-up buyers. The tax credit for move-up buyers is $6,500. A move-up buyer is a person who has owned and resided in the same home for at least five consecutive years of the eight years prior to the purchase date. Again, for full info, see the web site cited above.
P.S. The tax credit expires April 30th. You need to have a signed contract by then and close the sale within 60 days to qualify for the credit.
The average price for single-family, re-sale homes fell, year-over-year, by 4.5%. The average price for condos was up 8% year-over-year.
Home inventory fell 16.6% from the month before, and it was 42% lower than the year before. Condo inventory was down 8.3% from November, and was off 34.9% year-over-year.
Our Days of Inventory indicator dropped 17 days to 67. In a balanced market, inventory is usually around 180 days.
Pending sales, a leading indicator, were up 27.5% year-over-year for homes, and it was up 18.9% for condos.
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Red Bars: Buyers Market | Blue Bars: Sellers Market | Gray Bars: Balanced Market
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.
Complete monthly sales statistics for Contra Costa County are below. Monthly graphs are available for each city in the county.
| December Sales Statistics | ||||||||||||
| (Single-family Homes) | ||||||||||||
| Average | Change from last year | Change from last month | ||||||||||
| Price | Sold | Pend. | Inven. | Average | Sold | Pend. | Inven. | Average | Sold | Pend. | Inven. | |
| County | $630,813 | 342 | 306 | 742 | -4.5% | 26.2% | 27.5% | -42.0% | -4.4% | 4.0% | -4.1% | -16.6% |
| Alamo | $1,316,971 | 18 | 14 | 73 | -14.3% | 260.0% | 100.0% | -16.1% | 24.9% | 28.6% | -17.6% | -29.1% |
| Blackhawk | $933,646 | 6 | 6 | 41 | -28.5% | 20.0% | 100.0% | -25.5% | 3.5% | -53.8% | -14.3% | -32.8% |
| Clayton | $624,886 | 14 | 8 | 24 | 1.2% | 75.0% | 100.0% | -25.0% | -3.9% | 7.7% | -33.3% | -25.0% |
| Concord | $312,541 | 94 | 98 | 134 | -6.0% | 11.9% | 1.0% | -57.5% | -4.9% | 32.4% | 7.7% | -5.0% |
| Danville | $865,377 | 43 | 32 | 91 | -12.6% | 230.8% | 113.3% | -47.7% | -11.6% | 34.4% | -23.8% | -34.5% |
| El Cerrito | $512,423 | 13 | n/a | n/a | -23.3% | 18.2% | n/a | n/a | -14.0% | 18.2% | n/a | n/a |
| Kensington | $0 | 0 | n/a | n/a | -100.0% | -100.0% | n/a | n/a | -100.0% | -100.0% | n/a | n/a |
| Lafayette | $922,429 | 14 | 11 | 45 | -21.8% | -12.5% | 175.0% | -30.8% | -14.5% | 7.7% | 0.0% | -45.1% |
| Martinez | $392,969 | 37 | 31 | 104 | 16.3% | 42.3% | 0.0% | -23.0% | 6.2% | 27.6% | 3.3% | -6.3% |
| Moraga | $877,500 | 4 | 5 | 15 | -12.8% | 0.0% | 400.0% | 15.4% | -7.4% | -63.6% | 25.0% | -44.4% |
| Orinda | $937,629 | 17 | 10 | 32 | -21.5% | 21.4% | -16.7% | -8.6% | -5.7% | 21.4% | -37.5% | -56.8% |
| Pleasant Hill | $508,781 | 16 | 18 | 39 | -5.4% | -30.4% | 5.9% | -33.9% | -0.5% | -33.3% | -5.3% | -20.4% |
| San Ramon | $739,491 | 42 | 52 | 49 | -2.5% | -8.7% | 73.3% | -71.3% | 4.0% | 2.4% | 23.8% | -38.8% |
| Walnut Creek | $683,233 | 36 | 20 | 84 | -21.2% | 33.3% | 5.3% | -33.3% | -5.0% | 12.5% | -51.2% | -35.9% |
| December Sales Statistics | ||||||||||||
| (Condos/Townhomes) | ||||||||||||
| Average | Change from last year | Change from last month | ||||||||||
| Price | Sold | Pend | Inven. | Average | Sold | Pend. | Inven. | Average | Sold | Pend. | Inven. | |
| County | $314,823 | 161 | 157 | 411 | 8.0% | 18.4% | 18.9% | -34.9% | 12.3% | -4.2% | -4.8% | -8.3% |
| Clayton | $424,667 | 3 | 1 | 4 | 20.5% | 50.0% | #DIV/0! | -63.6% | 15.1% | -40.0% | -50.0% | -20.0% |
| Concord | $134,755 | 29 | 42 | 57 | -20.4% | -37.0% | -17.6% | -67.2% | 2.6% | -27.5% | 2.4% | 14.0% |
| Danville | $463,562 | 17 | 11 | 28 | -11.5% | 325.0% | 266.7% | -49.1% | 14.3% | 240.0% | -26.7% | -26.3% |
| Martinez | $216,121 | 7 | 9 | 24 | -4.4% | -12.5% | 0.0% | -31.4% | -4.8% | 0.0% | 0.0% | -14.3% |
| Moraga | $484,600 | 5 | 10 | 14 | -17.5% | 400.0% | 150.0% | 7.7% | 14.5% | 25.0% | 42.9% | -44.0% |
| Pleasant Hill | $304,522 | 9 | 7 | 14 | 25.2% | 50.0% | 133.3% | -12.5% | -9.2% | 200.0% | -41.7% | -33.3% |
| Rossmoor | $319,061 | 33 | 23 | 106 | -1.2% | 22.2% | 0.0% | -29.8% | 11.6% | -15.4% | -23.3% | -24.8% |
| San Ramon | $375,453 | 35 | 24 | 52 | 1.6% | 84.2% | 71.4% | -40.2% | -10.3% | 84.2% | -29.4% | 0.0% |
| Walnut Creek | $316,422 | 23 | 26 | 98 | -23.0% | 0.0% | 8.3% | 21.0% | 3.9% | -34.3% | 30.0% | 16.7% |
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