The November 2005 housing statistic report is in! Below is some fascinating information about our bustling housing market. Contact me for more specific information about your own area, comparable sales, and to receive a market analysis specific to your home and neighborhood. I specialize in helping people buy and sell their homes in Contra Costa!
Median Home Prices in Contra Costa Cities November 2005, reported January 2006:
- Antioch $505,000 - UP 19% from 11/04
- Brentwood $715,000 - UP 38%
- Concord $529,000 - UP 23.2%
- Danville $1,096,500 - UP 35.4%
- Martinez $545,000 - UP 27.5%
- Moraga $892,000 - UP 28.5%
- Pittsburg $460,000 - UP 20.7%
- Pleasant Hill $602,500 - UP 14.9%
- San Ramon $758,000 - UP 7.5%
- Walnut Creek $687,500 - UP 31%
In my opinion, the housing bubble rumors are greatly exaggerated. I haven't seen anything this winter that isn't pretty darn typical of any winter. In speaking with colleagues , we all agree the market is picking up again as is expected nearing the end of January. With the holidays behind us, people are out buying homes again! A home I had on the market for 2 months, had 2 offers on it this month. A house I had on the market just a week , got an offer already. I have had more inquiries in the last couple of weeks from my listings as I had in the whole month of December. But you know what, that is a normal course of events! Contra Costa is so desirable to homebuyers. There just simply isn't enough new construction close in to keep up with the demand.. the demand therefore turns to the existing homes . And as is expected, the nicest homes, ready to move in are selling briskly. Now is not the time to overprice a home. Correct pricing is ultimately the biggest decision you'll make about your house sale. Things will begin to pick up even more nearing the end of February, and March is one of the most perfect times to sell in my experience. If you want to stay here in Contra Costa, March may allow you to sell your home at a decent price due to lower inventory, and then have your pick of homes as inventory increases in late March, and April.
Call me with any questions about selling your home or buying a home in Contra Costa. If you're relocating to Contra Costa, contact me about a relocation package which will include information about schools, communities and other items of interest.
Catherine Myers, REALTOR
Serving home sellers and buyers in Contra Costa; Walnut Creek, Alamo, Danville, Concord, Clayton, Lafayette, Orinda, Moraga, Pleasant Hill and Martinez.
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