Contra Costa County continues to be one of the more attractive markets, in terms of accessibility and affordability, for Bay Area homebuyers even while posting notable second quarter figures. The first being the county’s average sales price climbing 9 percent from the previous year to reach $837,130 in Q2 2017. A total of 3,063 homes sold in Contra Costa County this quarter, which was up 3 percent year-over-year and 52 percent quarter-over-quarter. This all occurred as homes also sold in an average of 19 DOM, 12 percent faster than Q2 2016, and the second quickest turnaround time in the Bay Area.
AVERAGE SALES PRICE BY CITY – THE TOP 10
Strong price gains were felt in almost every community throughout Contra Costa County. Leading the way in Q2 was Diablo, posting an average sales price of $2.508 million, making it the highest year-over-year gain of 42 percent. Kensington and El Cerrito also showed notable average sales price increases, each with a 13 percent improvement over the previous year, at $1.178 million and $949,000 respectively.
SALES PRICE CHANGE Homes in Contra Costa County were priced in accordance with buyer expectations, as sellers who required no price change netted just 4 percent on top of initial list price. Those who tested the market recovered 94 percent of their initial asking price.