Contra Costa County behaved much like neighboring Alameda County, with stable price gains, slight sales volume growth and rapid sales times. The $718,957 average sale here was up 5 percent year-over-year—good enough for the fourth-highest quarter in county history. The 2,017 homes sold was a 7 percent improvement year-over-year, and also the highest Q1 sales volume total since Q1 2013. This occurred as homes sold in average 29 DOM. All these factors help illustrate one of the healthier and more accessible markets within the entire Bay Area.
AVERAGE SALES PRICE BY CITY – THE TOP 10
Although Kensington did not have a huge data pool to draw from, there was little deviation in average sales prices that accounted for a 32 percent rise (year-over-year) to $1.12 million. Strong price gains were felt in a majority of communities throughout Contra Costa County, as similar trend which Alameda County also experienced.
SALES PRICE CHANGE
Homes were priced in accordance with buyer expectations, as sellers who required no price change netted just 2 percent on top of initial list price, while those who tested the market recovered a healthy 92 percent of their initial ask.