The summer is here, and buyers in our market are ready to purchase. If you are thinking about buying, there is going to be some stiff competition out there this summer, so we have some advice.
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Welcome to our video blog. Today I'll be giving you an update on the latest trends in our local real estate market here in Alameda and Contra Costa County. Without further ado, Here are the latest statistics for Alameda and Contra Costa County.
In Alameda County, the market is currently moving forward at a steady pace. In March, we saw 1140 new listings come on the market, and 731 closed transactions. Our market is currently experiencing high demand and low supply.
When we sat down to compare Jan-Mar of 2014 with Jan-Mar of 2015, we noticed some interesting trends, including a 12% increase in the average median price and a 16.5% increase in the average sale price.
For Contra Costa County in March, we saw 1269 new listings come on the market and 807 closed transactions. That market is currently experiencing a high demand and low supply.
As for the numbers for Contra Costa County from Jan-Mar 2014 for January-Mar of 2015, we saw a 1% increase in the average median price and a 7.5% increase in the average sales price.
We have a lot more pending homes right now than we did a year ago, which is always a great sign. If you are thinking of buying or selling, give us a call or send us an email and we will be in touch! Have a great day!
