Walnut Creek CA Short Sale and Other Housing Stats
Walnut Creek CA Short Sale And Other Local Housing Stats
Your Walnut Creek CA short sale specialists have just compiled the most recent housing data for Oct 2012 from the Contra Costa Association of Realtors.
The number of new listings on the market in last October was 50, the number of new listings this October is 44, so that is down about 12% year over year, the number of new listings in Walnut Creek. The median sales price in Walnut Creek has actually increased about 25%. Last year it was $562,000, this year it’s $700,000. It doesn’t mean that home prices have gone up, obviously 25%. What it does mean, though, is that the average price of a home sold has increased. So people are purchasing more expensive homes this year than they were last year. The inventory of homes for sale, this is a pretty staggering statistic. Last year there were 126 single family residences for sale in Walnut Creek; this year there is only 50 single family residences for sale in Walnut Creek this October, so that’s a decrease in inventory of about 60%. Pretty indicative of what we’re seeing in the East Bay, home prices are edging up a little bit, as we’re seeing inventory levels go down, and continuous supply of buyers who are interested in the market with multiple offers. These stats show not only Walnut Creek CA short sale housing stats, but also include data for bank owned homes and regular equity sales.
So if you’re interested to find out how much your home might be valued at in Walnut Creek, what it might be able to fetch in the open market, contact us for a free consultation at EastBayShortSaleGroup.com.
If you would like to see more of our listings for Walnut Creek CA short sales, or to view other city data, please visit our YouTube Channel
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