So, what HAS the market done the last 5 years?

So, what HAS the market done the last 5 years?

contra costa real estate market up and down The market certainly has seen it’s share of volatility in the last 5 years.  From 2007 when banks started clamping down, canceling deals in progress and short sales and foreclosures beginning to emerge in earnest, we’ve seen our share of ups and downs.  Though many think it was, it wasn’t a straight drop.  For those waiting for the “bottom” of the market, can you see it in the chart below?

The charts below are for Central Contra Costa, specifically Walnut Creek, Pleasant Hill, Concord, Clayton and Martinez.  Take a look, it is an interesting look back at our crazy roller coaster ride.

Just note some of these amazing numbers, and LOOK at our inventory levels now as compared to 5 years ago.  From 5 years ago pending sales are UP 92%, number of homes on the market is DOWN 62%, and the number of sold homes are UP 25%.   What about home prices here in Central Contra Costa during the same 5 year timeframe?  The average active home on market pricing has dipped 17.4%, and the average sold home price has dipped 51.5%.  Does any of this surprise you?

Here are the charts.

Central Contra Costa County Housing Inventory (Active, Pending, Sold)

(Walnut Creek, Pleasant Hill, Concord, Clayton, Martinez)

Central Contra Costa County Housing Pricing Trends last 5 years (average price for sale vs. sold)

(Walnut Creek, Pleasant Hill, Concord, Clayton, Martinez)

Central Contra Costa Housing Inventory Levels (last 5 years)

(Walnut Creek, Pleasant Hill, Concord, Clayton,  Martinez)

By |2012-03-27T16:30:47+00:00March 27th, 2012|Featured Posts, Market News|0 Comments

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Catherine Myers

Real Estate Broker

Catherine Myers is a licensed real estate broker located in Walnut Creek, CA. Catherine has been serving the real estate needs of buyers, sellers and investors of the Contra Costa area since 2002. Catherine has always had an entrepreneurial hard working spirit and real estate allows the convergence of her love of helping people and the pragmatic approach of seeing dreams realized.

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