Contra Costa County 2020 Annual Real Estate Market Trends ReCap

Prices & Sales Rebound in 2020

The diaspora from Silicon Valley pumped up sales and prices in Contra Costa County last year.

The average sales price for single-family, re-sale homes peaked at $1,020,726 in August. It ended the year at $966,616. The median price peaked at $800,000 in November. It ended the year at $760,000. The average sales price was up 12.6% compared to 2019. The median price was up 13.5%.

Sales of single-family, re-sale homes were up 4.7% from the year before. There were 11,133 homes sold in Alameda County in 2020.

After peaking at 103.9% in October, the sales price to list price ratio, or what buyers paid divided by what sellers were asking, fell steadily and it ended the year at 103.3%. For the year, the sales price to list price ratio was 102% compared to 100.7% in 2019.

The sales price to list price ratio for condos peaked in March at 101.2%. It closed the year at 100.7%. For the year, the sales price to list price ratio was 100.4% compared to 100.3% in 2019.

The median sales price for re-sale condominiums peaked at $553,000 in August. It ended the year at $525,750. The average price peaked in June at $593,138. It ended the year at $563,602.

The average sales price was up 5.3% compared to 2019. The median price was up 5.2%.

Condo sales were down 1.1% from 2019. This was due to buyers working from home and needing larger spaces.

For assistance in this market, do not hesitate to contact me. If you are thinking of selling, I can provide a free comparative market analysis.

Contra Costa County
(Single Family Homes)
  Prices Other % Change from Year Before
Average Median Sold DOM SP/LP Average Median Sold
2008 $433,092 $329,900 11,469 60 97.2%      
2009 $345,900 $252,000 13,856 56 98.4% -20.1% -23.6% 20.8%
2010 $406,857 $288,000 11,742 48 98.4% 17.6% 14.3% -15.3%
2011 $385,857 $275,000 11,792 56 97.7% -5.2% -4.5% 0.4%
2012 $435,703 $316,000 12,085 45 99.6% 12.9% 14.9% 2.5%
2013 $608,659 $480,000 9,217 27 100.0% 39.7% 51.9% -23.7%
2014 $669,473 $520,000 9,158 30 101.1% 10.0% 8.3% -0.6%
2015 $696,559 $538,345 10,755 29 101.5% 4.0% 3.5% 17.4%
2016 $711,818 $547,000 10,885 30 101.0% 2.2% 1.6% 1.2%
2017 $777,197 $610,000 11,337 27 101.5% 9.2% 11.5% 4.2%
2018 $829,055 $650,000 10,869 27 101.5% 6.7% 6.6% -4.1%
2019 $845,605 $660,000 10,635 32 100.7% 2.0% 1.5% -2.2%
2020 $952,270 $749,000 11,133 24 102.0% 12.6% 13.5% 4.7%

The charts below have the prices in the thousands.

Contra Costa County
(Condos/Town Homes)
  Prices Other % Change from Year Before
Average Median Sold DOM SP/LP Average Median Sold
2008 $296,485 $258,500 1,980 74 96.3%      
2009 $230,708 $180,000 2,658 64 97.7% -22.2% -30.4% 34.2%
2010 $233,200 $180,000 2,662 55 97.8% 1.1% 0.0% 0.2%
2011 $197,382 $149,000 2,637 61 97.5% -15.4% -17.2% -0.9%
2012 $241,788 $190,000 3,027 45 100.2% 22.5% 27.5% 14.8%
2013 $350,973 $311,000 2,361 22 103.0% 45.2% 63.7% -22.0%
2014 $404,949 $375,000 2,438 27 100.8% 15.4% 20.6% 3.3%
2015 $436,076 $390,000 2,726 25 101.8% 7.7% 4.0% 11.8%
2016 $462,979 $411,000 2,669 26 101.0% 6.2% 5.4% -2.1%
2017 $492,266 $449,000 2,808 24 101.2% 6.3% 9.2% 5.2%
2018 $536,158 $479,000 2,706 22 102.1% 8.9% 6.7% -3.6%
2019 $532,198 $480,000 2,738 32 100.3% -0.7% 0.2% 1.2%
2020 $560,644 $505,000 2,709 29 100.4% 5.3% 5.2% -1.1%