Contra Costa County Homes Sold Report January 2015

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Contra Costa County Citywise Report for January 2015

The actual numbers show homes sold in Jan 2015 was less than Jan 2014.However, looking closely at the Sales Price/List Price % and Days on market shows that the market is completely reflective of the 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 Jan 2014.

Contra Costa County Citywise  Homes Sales

Number of homes sold was analyzed for 25 cities.

    • 16 cities saw a drop or equal in volume  compared to corresponding period in Jan 2014.
    • 23 cities also saw a drop in volume in Jan 2015 compared to Dec 2014.
    • On the flip side 10 cities saw an increase or equal in volume in Jan 2015 compared to Jan 2014.
    • Total homes sold in Jan 2014 was 716, Dec 2014 was 1024 and Jan 2015 was 618.
    • Though we have seen many past months of increasing sales, Jan 2015 was definitely not the same. Since Days on Market and SP/LP% are completely reflective of a sellers market, the drop can be attributed to lack of inventory.

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Contra Costa County Cities

      • 7 out of 21 cities evaluated had sales closings at over asking price in Jan 2015.
      • The situation was different in Jan 2014 with 10 out of 21 cities havings sales over asking.
      • Average SP/LP % ( Sales Price/List Price %) in Jan 2014 was 98.87% and average SP/LP% in Jan 2015 was 98.98%.
      • Overall:  Buyers offered over asking price,due to lack of inventory.

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Contra Costa Cities Days on Market ( DOM)

        • Listings in 12 of 25 cities reviewed took equal or less time to sell, as compared to listings sold in Jan 2014.
        • Listings in Antioch(106), Baypoint(105), Blackhawk(120), Discovery Bay(130) and Oakley(123) took more than 100 days to sell.
        • All other cities fell between  an average between 50-99 days.
        • The average listing days last Jan 2014 was 91 Days. This moved  down to 83 Days in Jan 2015.

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Contra Costa County Citywise Average Prices

          • Citywise Average sales price was analysed for 25 cities in Contra Costa county for last 1 year.
          • 20 cities out 25 saw a price increase in Jan 2015  compared to last Jan 2014.
          • However, Alamo, Brentwood, Danville, Diablo, Discovery Bay, El Cerrito, Kensington, Lafayette, Pinole, Pittsburg, Pleasant Hill, Richmond and Walnut Creek saw small price drops compared to previous month of Dec 2014.
          • Average price in Jan 2014 was $611,088. Average price in Jan2015 was a higher at $654,617.

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