Pacific Union’s May 2015 Real Estate Update

Posted on: June 15, 2015

Tags: Contra Costa County, local real estate activity in May, median sales price in Contra Costa County, Moraga, single-family homes

Comments: No Comment

Available homes across the Bay Area were even harder to come by this May than they were last spring, with the months’ supply of inventory (MSI) dropping from one year ago in all of Pacific Union’s regions except Lake Tahoe/Truckee. Consequently, prices reached yearly peaks in Contra Costa, San Francisco, and Sonoma counties, and they matched one-year highs in Marin County.

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

CONTRA COSTA COUNTY

May’s median sales price in Contra Costa County climbed just $15,000 from April, but that was enough to help it reach a yearly peak of $1,115,000. The MSI has been inching down in the region this spring and landed at 1.3 in May, its lowest level since December.

The average home sold in a brisk 19 days – unchanged from April and tying a yearly low – while sellers got 101.7 percent of original price.

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 data in the adjoining chart includes single-family homes in these communities.