Contra Costa County’s average home sale price of $663,647 was up 5 percent year-over-year, but was down slightly from peak levels. The 2,496 homes sold was a 7 percent gain from Q4 2014, but still not large enough to signal any major inventory opening. The average 30 DOM was very typical for an area in which the span of a month has become the standard-bearer for closing on a property.
SALES PRICE CHANGE
Sellers in Contra Costa County who required no price change gained 2 percent on top of their initial asking price while those who tested the market were able to recover 93 percent of their initial listing.
AVERAGE SALES PRICE BY CITY – TOP 10
Alamo saw particularly strong growth in Q4 with a $4.95 million sale and 14 additional sales above the $2 million mark. This all amounted to a 20 percent year-over-year gain in Alamo’s average home sale.