Concord Real Estate Market - View Concord Real Estate Market Trends in California

Winter 2012 Market Update We continue to see the market dominated by REO listings which are priced below market value. It appears the banks are gearing up their forclosure activity, and the inventory early next year will increase. This is a great opportunity for the home buyer
Average Home Price	$275,000 - View Graph Trend

Average Price Compared to Last Year	No Change

Average Time on Market	30-60 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$750,000 - $799,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	No Change

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Concord is	No Change

Seller Activity for the past 90 days in Concord is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	The banks continue the strategy of listing property below market value. A large buyer pool immediately responds with multiple offers. Typically the property will sell for more than it is realistically worth due to the bidding war.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	More than 50%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	FHA financing is becoming much more common and is one of the easier loans to get. Overall, financing is somewhat difficult to obtain.

Housing Inventory	Limited Supply

Inventory Comments	Starter market continues to be dominated by bank-owned properties (REO)vand short sales

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Concord! There are many first time buyers who have never been able to afford a home in the past.

Nearest Metro Area	San Francisco

Housing Hot Spots	Most cities within the Contra Costa County area are considered ’Housing Hotspots’ Homes located near BART are in higher demand.

Average Sold Price	$275,000 - View Graph Trend

Concord Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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