Remember, the real estate market is a matter of neighborhoods and houses. No two are the same. For complete information on a particular neighborhood or property, call me.
P.S. The FHA requires all condo projects to be re-certified before they will make a loan. To find out if the condo project you’re interested in is eligible, go here: https://entp.hud.gov/idapp/html/condlook.cfm.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me.
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Monthly Statistics
Complete monthly sales statistics for Contra Costa County are below. Monthly graphs are available for each city in the county.
| February Sales Statistics | |||||||||||
| (Single-family Homes) | |||||||||||
| Prices | Units | Change from last year | Change from last month | ||||||||
| Median | Average | Sold | DOM | SP/LP | Median | Average | Sold | Median | Average | Sold | |
| County | $480,000 | $607,286 | 487 | 36 | 101.0% | 17.1% | 13.0% | 6.8% | 13.5% | 6.7% | 10.4% |
| Alamo | $1,200,000 | $1,301,608 | 13 | 55 | 98.5% | -13.2% | -5.6% | 8.3% | -14.7% | -6.7% | 116.7% |
| Antioch | $315,000 | $320,881 | 47 | 47 | 100.0% | 12.5% | 18.4% | -17.5% | 8.3% | 7.4% | -34.7% |
| Bay Point | $247,500 | $247,500 | 2 | 215 | 119.6% | 20.4% | -2.3% | -71.4% | 3.1% | -4.0% | -60.0% |
| Blackhawk | $1,269,900 | $1,566,100 | 9 | 26 | 97.4% | -2.9% | 16.9% | 125.0% | -41.2% | -27.5% | 350.0% |
| Brentwood | $430,000 | $432,343 | 49 | 42 | 99.4% | -1.6% | -12.9% | 28.9% | 7.5% | 0.9% | -9.3% |
| Clayton | $630,750 | $652,813 | 8 | 30 | 100.3% | 1.3% | 10.2% | 33.3% | 2.1% | 10.0% | 60.0% |
| Concord | $430,000 | $449,185 | 56 | 25 | 101.5% | 16.2% | 18.2% | 19.1% | 2.4% | -1.6% | 21.7% |
| Danville | $979,000 | $1,090,663 | 31 | 23 | 101.5% | 17.2% | 23.4% | 6.9% | 0.7% | 7.6% | 19.2% |
| Discovery Bay | $431,750 | $540,875 | 12 | 91 | 95.2% | 11.3% | 11.3% | -7.7% | -6.5% | 7.6% | -25.0% |
| El Cerrito | $597,500 | $602,802 | 14 | 23 | 108.3% | 4.7% | 4.7% | 75.0% | -12.8% | 250.0% | 250.0% |
| El Sobrante | $400,000 | $444,333 | 6 | 24 | 108.4% | 49.0% | 65.5% | 200.0% | 24.6% | 48.5% | 50.0% |
| Hercules | $480,000 | $480,000 | 3 | 12 | 102.2% | 15.7% | 21.2% | -40.0% | 1.1% | 2.1% | 0.0% |
| Kensington | $810,000 | $1,145,000 | 3 | 31 | 98.9% | n/a | n/a | n/a | 40.9% | 40.9% | 50.0% |
| Lafayette | $1,265,500 | $1,433,200 | 10 | 89 | 100.0% | 8.7% | 0.9% | 100.0% | -7.3% | -3.9% | -9.1% |
| Martinez | $510,000 | $480,663 | 27 | 43 | 100.4% | 41.7% | 18.1% | 35.0% | -6.6% | -18.3% | 22.7% |
| Moraga | $985,000 | $1,090,000 | 3 | 35 | 102.0% | -13.8% | -13.4% | -50.0% | -2.0% | 11.9% | -40.0% |
| Oakley | $329,500 | $353,002 | 28 | 43 | 100.0% | 19.8% | 21.2% | 64.7% | 0.5% | 6.2% | 64.7% |
| Orinda | $975,000 | $999,583 | 12 | 29 | 103.3% | 6.1% | -6.2% | 20.0% | -30.9% | -29.4% | 140.0% |
| Pinole | $475,000 | $473,600 | 5 | 17 | 103.7% | 62.4% | 55.9% | 25.0% | 21.0% | 15.9% | 25.0% |
| Pittsburg | $305,000 | $323,887 | 23 | 35 | 100.7% | 27.1% | 28.3% | 21.1% | 1.7% | 3.8% | 35.3% |
| Pleasant Hill | $670,500 | $658,849 | 14 | 40 | 100.4% | 28.3% | 23.4% | 16.7% | 2.2% | 5.7% | -30.0% |
| Richmond | $313,500 | $326,704 | 33 | 35 | 103.0% | 25.4% | 20.9% | 13.8% | 8.1% | 6.1% | 13.8% |
| Rodeo | $390,000 | $372,714 | 7 | 25 | 100.7% | n/a | n/a | n/a | 12.2% | 17.7% | 16.7% |
| San Ramon | $925,500 | $875,503 | 36 | 18 | 102.9% | 15.0% | 0.7% | 71.4% | 12.5% | -8.4% | 50.0% |
| Walnut Creek | $822,500 | $878,958 | 24 | 19 | 101.4% | 16.7% | 10.0% | -25.0% | -2.5% | -2.1% | -4.0% |
| February Sales Statistics | |||||||||||
| (Condos/Townhomes) | |||||||||||
| Prices | Units | Change from last year | Change from last month | ||||||||
| Median | Average | Sold | DOM | SP/LP | Median | Average | Sold | Median | Average | Sold | |
| County | $365,000 | $378,570 | 147 | 27 | 100.9% | 3.5% | 1.0% | 18.5% | 3.5% | 1.0% | 18.5% |
| Antioch | $107,000 | $114,817 | 3 | 21 | 98.0% | 15.7% | -3.1% | -50.0% | 15.7% | -3.1% | -50.0% |
| Concord | $190,000 | $184,083 | 12 | 18 | 102.6% | -9.5% | -27.2% | -29.4% | -9.5% | -27.2% | -29.4% |
| Danville | $560,500 | $583,400 | 10 | 41 | 102.2% | 12.1% | 16.0% | 11.1% | 12.1% | 16.0% | 11.1% |
| Hercules | $230,000 | $226,429 | 7 | 19 | 100.2% | 4.8% | 3.2% | 250.0% | 4.8% | 3.2% | 250.0% |
| Martinez | $370,000 | $349,600 | 5 | 18 | 100.4% | 12.8% | 13.3% | 66.7% | 12.8% | 13.3% | 66.7% |
| Moraga | $542,000 | $562,333 | 3 | 82 | 99.4% | 17.8% | 22.2% | 200.0% | 17.8% | 22.2% | 200.0% |
| Pleasant Hill | $439,500 | $392,000 | 6 | 49 | 99.1% | 5.0% | 0.6% | 100.0% | 5.0% | 0.6% | 100.0% |
| Richmond | $365,000 | $331,000 | 5 | 19 | 101.2% | 18.0% | -4.3% | -37.5% | 18.0% | -4.3% | -37.5% |
| San Pablo | $192,000 | $192,250 | 4 | 12 | 106.7% | 3.8% | 3.9% | 300.0% | 3.8% | 3.9% | 300.0% |
| San Ramon | $528,000 | $534,905 | 21 | 26 | 101.6% | 5.8% | 11.4% | 23.5% | 5.8% | 11.4% | 23.5% |
| Walnut Creek | $365,000 | $365,368 | 58 | 27 | 100.6% | 11.3% | -3.1% | 16.0% | 11.3% | -3.1% | 16.0% |
Foreclosure Statistics…
Notices of default, the first step in the foreclosure process, in Contra Costa County, spiked 30.4% in January from December. Year-over-year, notices were up 43.9%, according to PropertyRadar.com.
Notices of sale fell 5.3% from December. They were down 40.6% year-over-year.
After the filing of a Notice of Trustee Sale, there are only three possible outcomes. First, the sale can be cancelled for reasons that include a successful loan modification or short sale, a filing error, or a legal requirement to re-file the notice after extended postponements.
Alternatively, if the property is taken to sale, the bank will place the opening bid. If a third party, typically an investor, bids more than the bank’s opening bid, the property will be sold to the third party; if not, it will go back to the bank and become part of that bank’s REO inventory.
In January, cancellations were down 16.2% from December, and they were down 76.8% year-over-year.
Properties that went back to the bank fell 17.7% from December, and they were down 39.3% year-over-year.
The total number of properties that have had a notice of default filed dropped by 0.7% from December. Year-over-year, notices were off 41.5%.
The total number of homes scheduled for sale decreased by 3.2% from December, and they were down 63.7% year-over-year.
The total number of homes owned by the banks fell 0.7% from December, and they were down 30.9% year-over-year.
Banks own approximately 1,096 homes in Contra Costa County.
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