| Third Quarter Market Report |
| Contra Costa |
| 2013 vs 2014 |
| Concerns about a cooling of the Contra Costa real estate market are statistically unfounded as inventory remains tight and prices continue to increase. Scarcity of listings and seller concern about underpricing cause certain properties to experience overbids while other properties languish on the market. Overall, prices have continued to increase, albeit at a slower rate than the spring. As we move into the last quarter, many buyers are still looking to find that yet unfulfilled promise of finding their next home or investment property. |
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 3,865 | 3,746 | -3% |
|---|
| Average Price ($000) | $436 | $475 | 9% |
|---|
| Average DOM | 25 | 30 | 20% |
|---|
| Months of Inventory | 1.3 | 1.8 | 38% |
|---|
Alamo
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 59 | 92 | 56% |
|---|
| Average Price ($000) | $1,290 | $1,500 | 16% |
|---|
| Average DOM | 42 | 37 | -12% |
|---|
| Months of Inventory | 2.9 | 1.9 | -34% |
|---|
|
Blackhawk
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 38 | 25 | -34% |
|---|
| Average Price ($000) | $1,150 | $1,600 | 39% |
|---|
| Average DOM | 73 | 64 | -12% |
|---|
| Months of Inventory | 3.6 | 4.0 | 11% |
|---|
|
Clayton
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 51 | 61 | 20% |
|---|
| Average Price ($000) | $599 | $635 | 6% |
|---|
| Average DOM | 15 | 33 | 120% |
|---|
| Months of Inventory | 1.4 | 1.8 | 29% |
|---|
|
Concord
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 440 | 364 | -17% |
|---|
| Average Price ($000) | $395 | $430 | 9% |
|---|
| Average DOM | 21 | 27 | 29% |
|---|
| Months of Inventory | 1.0 | 1.8 | 80% |
|---|
|
Danville
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 258 | 247 | -4% |
|---|
| Average Price ($000) | $887 | $1,004 | 13% |
|---|
| Average DOM | 22 | 24 | 9% |
|---|
| Months of Inventory | 1.2 | 1.3 | 8% |
|---|
|
Lafayette
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 100 | 90 | -10% |
|---|
| Average Price ($000) | $1,066 | $1,151 | 8% |
|---|
| Average DOM | 35 | 25 | -29% |
|---|
| Months of Inventory | 2.0 | 1.9 | -5% |
|---|
|
Martinez/Pacheco
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 186 | 188 | 1% |
|---|
| Average Price ($000) | $383 | $414 | 8% |
|---|
| Average DOM | 30 | 21 | -30% |
|---|
| Months of Inventory | 1.6 | 1.8 | 13% |
|---|
|
Moraga
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 70 | 73 | 4% |
|---|
| Average Price ($000) | $956 | $1,011 | 6% |
|---|
| Average DOM | 27 | 24 | -11% |
|---|
| Months of Inventory | 1.2 | 1.4 | 17% |
|---|
|
Orinda
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 83 | 95 | 14% |
|---|
| Average Price ($000) | $995 | $1,300 | 31% |
|---|
| Average DOM | 30 | 29 | -3% |
|---|
| Months of Inventory | 2.1 | 2.2 | 5% |
|---|
|
Pleasant Hill
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 134 | 121 | -10% |
|---|
| Average Price ($000) | $535 | $585 | 9% |
|---|
| Average DOM | 18 | 26 | 44% |
|---|
| Months of Inventory | 1.2 | 1.5 | 25% |
|---|
|
San Ramon
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 326 | 300 | -8% |
|---|
| Average Price ($000) | $783 | $795 | 2% |
|---|
| Average DOM | 17 | 21 | 24% |
|---|
| Months of Inventory | 0.9 | 1.3 | 44% |
|---|
|
Walnut Creek
| Q3 2013 | Q3 2014 | % Change |
|---|
| Number of Sales | 322 | 279 | -13% |
|---|
| Average Price ($000) | $683 | $710 | 4% |
|---|
| Average DOM | 19 | 23 | 21% |
|---|
| Months of Inventory | 1.0 | 1.5 | 50% |
|---|
|
Number of Sales and Average Price are for only the stated quarter/year.
Average DOM and Months of Inventory are based on statistics for the last month of the stated quarter.
Source: TrendGraphix Jul-Sep 2014 |
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