Contra Costa County Homes Sold Report December 2014

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Contra Costa County Citywise Report for December 2014

The actual numbers show homes sold in Dec 2014 was less than Dec 2013.However, looking closely at the Sales Price/List Price % and Days on market shows that the market is very much a sellers market.Buyers were chasing less inventory and offering way over asking prices to get into contract.It took less days to sell a home as compared to Dec 2013.

Contra Costa County Citywise  Homes Sales

Number of homes sold was analyzed for 24 cities.

  • 11 cities saw a drop or equal in volume  compared to corresponding period in Dec 2013.
  • 11 cities also saw a drop or equal in volume in Dec 2014 compared to Nov 2014.
  • On the flip side 15 cities saw an increase or equal in volume in Dec 2014 compared to Dec 2013.
  • Total homes sold in Dec 2013 was 967, Nov 2014 was 945 and Dec 2014 was 966.
  • Overall: No major change in number of units sold.

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Contra Costa County Cities

  • 9 out of 24 cities evaluated had sales closings at over asking price in Dec 2014.
  • The situation was different in Dec 2013 with 13 out of 24 cities havings sales over asking.
  • Average SP/LP % ( Sales Price/List Price %) in Dec 2013 was 99.93% and average SP/LP% in Dec 2014 was 100.27%.
  • Overall:  Buyers offered over asking price,due to lack of inventory.

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Contra Costa Cities Days on Market ( DOM)

  • Listings in 18 of 26 cities reviewed took equal or less time to sell, as compared to listings sold in Dec 2013.
  • Listings in Brentwood (110), Discovery Bay (127), Orinda (116) and Richmond (100) took more than 100 days to sell.
  • All other cities fell between  an average between 50-99 days.
  • The average listing days last Dec 2013 was 92 Days. This moved  down to 81 Days in Dec 2014.

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Contra Costa County Citywise Average Prices

  • Citywise Average sales price was analysed for 24 cities in Contra Costa county for last 1 year.
  • All cities except Rodeo saw a price increase in Dec 2014  compared to last December 2013.
  • However, Alamo, Antioch, Blackhawk, Danville, Discovery Bay, Lafayette, Moraga, Oakley, San Pablo and San Ramon saw small price drops compared to previous month of Nov 2014.
  • Average price in Dec 2013 was $543,699. Average price in Dec 2014 was a higher at $591,090.

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