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Single-Family Pending Sales in the Contra Costa region jumped 41.2 percent
Single-Family Market Overview 2
since January 2010 to 387 agreements signed. Townhouse-Condo sales were Townhouse-Condo Market Overview 3
also strong, posting a 33.1 percent gain. New Listing activity is also growing for New Listings 4
both property types, but not as strongly as buyer demand. Pending Sales 5
Closed Sales 6
The Median Sales Price of single-family homes grew 5.2 percent from last
Days On Market Until Sale 7
January to $559,500, while townhouse-condo homes fell by 1.1 percent to
$185,500. Median Sales Price 8
Average Sales Price 9
Interest rates are expected to remain around 5.0 percent and prices are Percent of Original List Price Received 10
expected to rise gradually in many markets. Although the labor department Housing Affordability Index 11
reported that the seasonally-adjusted unemployment rate dropped to 9.0
Inventory of Homes for Sale 12
percent in January, expect joblessness to remain an issue. There's a steep,
jagged rock face behind us; ahead lies a gently inclined grassy plain.
Months Supply of Inventory 13
Click on desired metric to jump to that page.
All data from the CCAR Multiple Listing Service. Powered by 10K Research and Marketing. | 1
Single-Family Market Overview
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics Historical Sparklines 1-2010 1-2011 +/– YTD 2010 YTD 2011 +/–
Percent of Original
96.8% 91.7% - 5.3% 96.8% 91.7% - 5.3%
List Price Received
1-2008 1-2009 1-2010 1-2011
Months Supply
2.8 3.1 + 12.2% -- -- --
of Homes for Sale
1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2
Townhouse-Condo Market Overview
Key market metrics for the current month and year-to-date figures for Townhouse-Condo Properties Only.
Key Metrics Historical Sparklines 1-2010 1-2011 +/– YTD 2010 YTD 2011 +/–
Percent of Original
95.5% 90.2% - 5.5% 95.5% 90.2% - 5.5%
List Price Received
1-2008 1-2009 1-2010 1-2011
Months Supply
3.3 4.2 + 27.6% -- -- --
of Homes for Sale
1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3
New Listings
A count of the properties that have been newly listed on the market in a given month.
1,500
1,250
1,000
750
500
250
0
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Pending Sales
A count of the properties that have offers accepted on them in a given month.
700
600
500
400
300
200
100
0
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Closed Sales
A count of the properties that have closed in a given month.
700
600
500
400
300
200
100
0
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6
Days on Market Until Sale
The average number of days between when a property is first listed and when an offer is accepted. Sold properties only.
90
80
70
60
50
40
30
20
10
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Median Sales Price
The median sales price for all closed sales in a given month. Sold properties only. Does not account for seller concessions.
$472,000 $472,000
April $659,000 + 19.8% $225,000 + 2.4%
May $640,000 + 13.8% $290,000 + 33.6%
June $648,500 + 6.6% $265,000 - 3.6%
July $696,210 + 12.4% $276,500 - 1.8%
August $681,500 + 8.3% $261,000 - 3.3%
$204,000 $204,000 September $650,000 + 3.2% $279,950 + 3.3%
$187,500 $185,500 $187,500 $185,500
October $623,950 + 5.3% $235,000 - 12.8%
November $635,000 + 1.6% $205,000 - 21.5%
December $552,000 - 8.0% $215,000 - 23.2%
2009 2010 2011 2009 2010 2011 2009 2010 2011 2009 2010 2011 January $559,500 + 5.2% $185,500 - 1.1%
+12.7% +5.2% -8.1% -1.1% +12.7% +5.2% -8.1% -1.1%
Total $630,000 + 7.7% $249,000 - 0.4%
Single-Family Townhouse-Condo Single-Family Townhouse-Condo
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8
Average Sales Price
The average sales price for all closed sales in a given month. Sold properties only. Does not account for seller concessions.
$1,000,000
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Percent of Original List Price Received
The average percentage found when dividing a property's sales price by the original list price. Sold properties only. Does not account for seller concessions.
105.0%
102.5%
100.0%
97.5%
95.0%
92.5%
90.0%
87.5%
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Housing Affordability Index
This index measures housing affordability for the region. An index of 120 would mean the median household income was 120% of what's necessary
to qualify for the median priced home under prevailing interest rates. The higher the number, the more affordable our housing is.
200
180
160
140
120
100
80
60
40
20
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Inventory of Homes for Sale
The number of properties available for sale in active status at the end of the month.
January Single-
Family
YoY
Chg.
Townhouse-
Condo
YoY
Chg.
1,750
1,500
1,250
1,000
750
500
250
0
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Months Supply of Inventory
Compares the number of active listings available to the average monthly pending sales for the last 12 months.
January Single-
Family
YoY
Chg.
Townhouse-
Condo
YoY
Chg.
0
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data comes from the CCAR Multiple Listing Service. Provided by Contra Costa Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13