Living in Contra Costa County: March 2016

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

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.  

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By Gene Riemenschneider

Broker and Owner

Home Point Real Estate  - 925-260-4321 - Turning Houses into Homes

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Gene Riemenschneider
Owner/Broker
Home Point Real Estate
50 Sand Creek Road, Suite 316
Brentwood, CA 94513
925-260-4321
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Comment balloon 6 commentsGene Riemenschneider • March 01 2016 01:34PM
East Contra Costa County Home Prices and Market Trends – Feb 2016
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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 Contra Costa Homes are affordable and quality homes. With BART extended out to Antioch California (and… more