Living in Contra Costa County: Pittsburg California Real Estate Market Report – 11/15

Pittsburg California Real Estate Market Report – 11/15

Pittsburg California Real Estate Market Report – 11/15

Pittsburg California Homes are in demand and with good reason. Pittsburg Homes offer and easy commute from the affordable housing in East Contra Costa County. Pittsburg California sets on the Sacramento River and Highway 4 in East Contra Costa County.

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Pittburg has a great waterfront community and revitalized downtown. There are also many fine homes in the hills over looking the delta. There are a number of Gated Communities in Pittsburg. Pittsburg offers fine shopping, golf, dining and more.

 

Let's take a look at the Single Family Home Housing Market in Pittsburg California as of 11/17/15 and compare it to last year:

Period

#

High

Low

Average

PPSF*

DOM**

Active

71

$752,990.00

$229,950.00

$450,946.00

$214.05

47

Sold 10/15

68

$699,990.00

$215,000.00

$375,005.00

$209.62

31

Sold 10/14

42

$620,855.00

$149,000.00

$321,137.00

$195.75

35

*Price Per Square Foot ** Days on Market

This is a snap shot from one year to the next and things can vary month to month. But what we can see is price per SF is up about 7%, not a rapid increase in this market, but above the historic average of 4%. However, the average Pittsburg California Housing price is up 23%, which is more representative of the over all market we have been seeing in East Contra Costa County.

What appears to be happening is there is a growing demand for Higher End Pittsburg California Homes. Those homes cost more, hence the average price increase, but are generally cheaper on a SF basis. The 23% increase is probably closer to the reality of the Pittburg California Housing Market. This is further supported by the fact that there is only about a one month Supply of Homes in Pittsburg California. This is an extreme sellers market.

Home Point Real Estate is located in Brentwood Ca and provides 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. Ask us for a Free Home Value Evaluation.

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Good information should be shared. So I am sharing some information first posted at my site HomePointContraCosta.com. Please take a look at the post here or at my other site.

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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
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Comment balloon 2 commentsGene Riemenschneider • November 18 2015 12:43PM

Comments

I'm a fan of making these simple, and for that reason really like the box chart.  Thx for sharing.

Posted by David Alan Baker Laveen & South Phoenix Realtor, Your local Expert (HomeSmart) over 2 years ago

Gene,
The days on market looks very encouraging. Glad to see the Pittsburg market doing well.

Posted by David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation, Relocation, Luxury & Lifestyle residential (Colorado Real Estate Advisers LLC ) over 2 years ago

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