December statistics are now in for the 14 communities in Contra Costa. 169 homes went pending and 212 sold during the month of December. The total dollar volume sold was $186,220,596 with an average sold price of $878,399. The number of active listings for the month was 1,277. The percentage of sold properties is down 36% from 2006. The good news is the average sold price is up 6%!!! Even in one of the quietest months of the year the sold price is up dramatically.
There were 5,014 transactions in 2007. This is the lowest number of transactions in 5 years. 70% of the transactions were in detached homes and the other 30% were in town homes/condos. When looking at the last 7 years these numbers are very consistent, almost identical. When you look at December it is consistent with every year for about the last 30 years. November, December and January have the lowest number of pending and sold homes with March, April and May having the highest. So, what does this all mean to you…if you are thinking about selling---WAIT and if you are thinking about buying---BUY!! If you are a BUYER, NOW is the time. The ball is in your court. It won’t always be like this so take advantage of the low price of homes now.
Call me for more information by city or to schedule a day to look at homes.
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Real Estate Broker
Realty World & Cambridge Residential Funding
The Duggan Team
Convenience. Experience. Results.
650.678.5050 cell
925.277.3500 office
925.406.0925 e-fax
www.DugganTeam.com
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