At $779,074, Contra Costa County’s average sales price was the most affordable of all Bay Area counties this quarter. However, that’s not to say that the average price point here doesn’t remain on an upward trajectory — up 8 percent from Q1 2017 — when the average home sold for $718,957. Contra Costa County continues to be an attractive and accessible alternative to the seven-figure markets seen in San Francisco, Marin, and San Mateo Counties.
A total of 2,042 homes sold in Contra Costa County this quarter, the highest volume of sales amongst all Bay Area counties, as more and more buyers flock to the East Bay in search of quality lifestyle and affordability. Homes sold after spending an average of 25 DOM this quarter, moving at a 12 percent faster pace than just a year ago.
AVERAGE SALES PRICE BY CITY – THE TOP 10
At $3.405 million, Diablo had the highest average sales price this quarter, despite falling 8 percent from Q1 2017. Alamo’s $1.999 million average climbed 12 percent year-over-year. Lafayette’s $1.469 million average was the biggest drop, by 9 percent.
SALES PRICE CHANGE
Homes here were priced in accordance with buyer expectations, as sellers who required no price change netted 4 percent on top of initial list price. Those who tested the market recovered a healthy 93 percent of their initial asking price.