They say a picture is worth 1,000 words. Well hopefully these graphics below help you make sense of the current real estate market locally and at a statewide level.
Central Contra Costa County Median Home Value
The picture below details the change in the median home value for properties in Central Contra Costa County. The information was pulled from the California Association of Realtors® website. Prices have not yet reached the peak attained in 2006.
Pending Home Sale Index
The CAR.org Pending Home Sale Index shows a year over year increase for California. From this August of last year to August 2015, the number of pending sales has increased. However from July 2015 to August 2015 the number of pending sales decreased statewide by 8.7%.
What This Means
I have been saying this and now I have the proof. The number of homes selling in October, November, and December tend to slow down. I think this is due to school starting and Thanksgiving & Christmas Holidays. Sales begin to ramp up again around the New Year with serious activity in March and April.
For Sellers…
If you are thinking about selling, getting on the market early next year is important! Call 925.385.8798 now to schedule a consultation on what needs to be done to get your home prepped for a successful sale next year.
For Buyers…
Your competition is going to ramp up after the New Year. Beat them to the punch and get out there now. Wouldn’t be great to be in your new home before the holidays? Contact me to get my free Buyer’s Guide.
Peter is a real estate broker serving Central Contra Costa County. He and his family live in the Dana Estates Neighborhood.
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