Pacific Union’s February 2015 Real Estate Update


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The pace of residential real estate sales picked up throughout most of Pacific Union’s Northern California regions in February, with homes selling in fewer days than in the previous month in every market except for Napa County and Lake Tahoe/Truckee.

Median sales price trends varied by region, but prices for condominiums in San Francisco hit a one-year high. Single-family home prices decreased a hair from January in our Silicon Valley region, but they remained near the $3 million mark.

Click on the image accompanying each of our regions below for an expanded look at local real estate activity in February.


The median sales price in Pacific Union’s Contra Costa County region climbed back above the $1 million mark in February. Buyers paid about 99 percent of original price, similar to levels recorded for the past six months.

Buyers took an average of 30 days to close a deal, 10 days quicker than in January and identical to February 2014. The months’ supply of inventory (MSI) climbed to 2.0, still heavily in favor of sellers but the highest in a year.

Defining Contra Costa County: Our real estate markets in Contra Costa County include the cities of Alamo, Blackhawk, Danville, Diablo, Lafayette, Moraga, Orinda, Pleasant Hill, San Ramon, and Walnut Creek. Sales statistics in the adjoining chart include single-family homes in these communities.

Contact Keith Katzman: 925.376.7776

Looking to buy or sell a home in the Lamorinda community? Contact Keith Katzman–a Moraga native with more than 30 years of industry experience.

Photos on Flickr

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