| 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.
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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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.
| 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% |
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