Statistical Tables

Sales Slip After Fed Tax Credit Expires

Trends at a Glance
(Single-family Homes)
  Jul 10 Jun 10 Jul 09
Average Price: $654,793 $721,902 $669,560
Home Sales: 414 418 430
Pending Sales: 380 478 474
Inventory: 458 481 1,228
Days of Inventory: 34 36 89

Sales of single-family, re-sale homes in July dropped 1% from June, and were off 3.7% year-over-year. This is the first year-over-year drop in home sales since February 2009. Year-to-date, home sales are up 18.5%.

The average price for single-family, re-sale homes fell 9.3% from June. It was off 2.2% year-over-year.

Pending home sales were down 20.5% from June, and were off 19.8% year-over-year.

Inventory continues to be a bright spot, as far as sellers are concerned, as inventory is now closely tracking closed sales, see table below. Inventory was down 4.8% from June. It is now 62.7% lower than last July.

Speaking of inventory, Leslie Appleton-Young, chief economist for the California Association of REALTORS® (C.A.R.), said, at a recent Silicon Valley Association of REALTORS® (SILVAR) meeting in Palo Alto last month, in five to ten years California will experience a housing shortage.

She said household growth for the state is expected to be 200,000 a year. The CBIA reports only 13,000 permits pulled in the first six months of the year.

More Statistics

Condo sales were up 5.2% from July, but were off 4.2% year-over-year. Pending sales were down 17.2% compared to last July, and inventory was down for the twenty-eighth month in a row, off 56.2% year-over-year.

The average price for condos rose 7.5% from June, but was off 0.4% from July 2009.

Remember, the real estate market is a matter of neighborhoods and houses. No two are the same. For complete information on a particular neighborhood or property, call me.

P.S. The FHA requires all condo projects to be re-certified before they will make a loan. To find out if the condo project you’re interested in is eligible, go here: https://entp.hud.gov/idapp/html/condlook.cfm.

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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.

Monthly Statistics

Complete monthly sales statistics for Contra Costa County are below. Monthly graphs are available for each city in the county.

July 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 $654,793 414 380 458 -2.2% -3.7% -19.8% -62.7% -9.3% -1.0% -20.5% -4.8%
Alamo $1,402,778 9 16 19 0.0% 0.0% -11.1% -84.6% 6.7% -50.0% -38.5% -42.4%
Blackhawk $913,725 4 6 8 -15.9% -20.0% -25.0% -89.7% -29.0% -73.3% -53.8% -46.7%
Clayton $590,577 13 8 10 -0.2% -7.1% -46.7% -78.3% 3.8% 116.7% -20.0% -50.0%
Concord $324,581 109 88 95 -1.5% 4.8% -24.8% -30.7% -7.8% 26.7% -24.1% -3.1%
Danville $929,390 47 48 60 1.3% -6.0% -11.1% -64.9% -2.5% -26.6% 6.7% 22.4%
El Cerrito $558,683 14 n/a n/a -8.4% -17.6% n/a n/a 4.9% -22.2% n/a n/a
Kensington $1,080,875 4 n/a n/a 30.3% -20.0% n/a n/a 54.8% -60.0% n/a n/a
Lafayette $1,016,336 22 25 32 1.8% -4.3% -21.9% -67.0% -15.2% -24.1% -26.5% -20.0%
Martinez $338,366 34 38 39 -5.8% -5.6% -25.5% -67.2% -11.6% -20.9% -13.6% -27.8%
Moraga $951,733 15 5 19 0.0% 0.0% -28.6% -47.2% 10.4% 87.5% -64.3% 46.2%
Orinda $1,078,700 20 17 24 0.8% -9.1% -5.6% -69.2% 6.5% 5.3% -15.0% 0.0%
Pleasant Hill $484,125 28 21 30 -0.2% -3.4% -25.0% -38.8% -6.6% -9.7% -4.5% 20.0%
San Ramon $743,030 63 74 61 -2.1% -10.0% -14.0% -47.0% 5.5% 5.0% -7.5% 3.4%
Walnut Creek $742,942 48 32 60 -0.9% -5.9% -15.8% -62.3% 4.0% 26.3% -37.3% 22.4%

 

July 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 $303,845 182 169 229 -0.4% -4.2% -17.2% -56.2% 7.5% 5.2% -22.8% -6.5%
Clayton $322,800 2 2 6 -10.6% -33.3% 0.0% 20.0% -17.4% n/a 100.0% 200.0%
Concord $113,248 33 43 39 1.5% -10.8% -18.9% -41.8% -4.3% 0.0% -23.2% -23.5%
Danville $386,233 15 19 16 -1.8% 7.1% 5.6% -51.5% -18.2% 0.0% 0.0% -20.0%
Martinez $211,400 5 5 12 5.1% -16.7% -16.7% -47.8% -13.0% -61.5% -44.4% -7.7%
Moraga $484,857 7 3 10 11.1% 0.0% -25.0% -60.0% -8.7% 75.0% -57.1% 11.1%
Pleasant Hill $331,500 10 9 9 -0.4% -9.1% -30.8% -40.0% 11.0% 25.0% -10.0% -35.7%
Rossmoor $285,200 31 41 49 0.4% -6.1% 0.0% -71.8% 2.7% -3.1% 10.8% 4.3%
San Ramon $374,656 39 22 34 -7.2% -4.9% -37.1% -40.4% -0.3% 25.8% -40.5% 17.2%
Walnut Creek $336,966 38 23 49 -1.4% 5.6% -23.3% -55.0% -3.4% 8.6% -43.9% -7.5%