Walnut Creek Homes posted large increases in sales in both May and June 2011, especially when compared to the first few months of the year.
Traditionally, the Spring selling season gets into full swing by late March and early April.
This year, however, it was beginning to look like home sales in Walnut Creek and the rest of Contra Costa County were never going to materialize into any kind of market activity at all.
May 2011 brought the first glimmer of hope with substantial increases in number of homes sold, but it also showed a fall in median prices. This suggested that the lower price ranges were the only sign of life in the market.
That was until the June numbers came out!
Walnut Creek Homes Selling – Finally!
June posted nice gains in both number of homes sold and a hearty increase in median prices.
This is welcomed news to those looking for a resurgence in the Walnut Creek real estate market – and as a sign that the worst of the recent housing recession maybe behind us.
As the chart below shows, the number of homes sold per month nearly doubled from February, March, and April.
Walnut Creek Detached Homes Sold, Percentage of Bank-Owned Homes, and Number of Sales from June 2009 to June 2011
But take a look at the percentage of bank-owned properties as a percentage of the total sold homes market (lighter green portion at the bottom of the vertical monthly bars).
Although the June 2011 percentage of bank-owned homes making up the total sales market is slightly higher over the figure one year ago, it is dramatically less than the segment of the market just one month ago.
Furthermore, the median sales price of bank-owned Walnut Creek homes has risen steadily since the first of the year. At $561,000, it is slightly higher than it was one year ago.
As far as non bank-owned homes, median prices have made a steady rise from $723,000 in June 2009 to $775,000 in June 2010 to the most recent figure of $800,000 in June 2011.
The number of days on the market for all homes sold is virtually unchanged for June over the past three years.
Walnut Creek Homes under contract by month tells a similar story, and is noteworthy because it predicts future sales numbers.
Walnut Creek Detached Homes Under Contract for June 2011 Showing Total Detached Home Sales, Bank-Owned Sales, and Number of Units
Again, the number of homes brought under contract in June has risen from 37 in June 2009 to 40 in June 2010 to a robust 57 in June 2011.
Median pending sales prices for bank-owned homes lag traditional non-bank home sales by about $150,000 ($529,000 to $629,000).
Median prices indicate which segment of the market is getting the most activity, rather than showing a rise or fall in local home prices. It is not unusual for monthly median prices to rise and fall dramatically as one segment of the market shows more activity than another. When using median prices as a barometer of the market, it is better to note longer term trends rather than monthly sales price numbers.
This should come as good news to Walnut Creek homeowners or anyone else looking to the Walnut Creek real estate market as an economic indicator. These figures suggest we may be in the early stages of a return to equity growth and value appreciation.
Let’s keep our fingers crossed that Walnut Creek homes continue to attract buyers in ever increasing numbers!
Looking for Walnut Creek Homes?
Take a look at these Walnut Creek Homes currently on the market:
Showing properties
1 - 40 of 149.
See more Walnut Creek homes for sale.
(all data current as of
5/23/2012)
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$2,850,000 : 2455 DEER VALLEY LN, WALNUT CREEK6 beds, 3 full, 1 part baths
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$1,999,000 : 2420 TICE VALLEY BLVD, WALNUT CREEK7 beds, 6 full baths
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$2,350,000 : 2057 MAGNOLIA WAY, WALNUT CREEK6 beds, 5 full baths
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$889,900 : 2156 NORRIS RD, WALNUT CREEK5 beds, 3 full baths
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$1,499,000 : 160 LA BOLSA ROAD, WALNUT CREEK6 beds, 3 full baths
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$1,349,900 : 144 RUDGEAR DR, WALNUT CREEK5 beds, 3 full, 2 part baths
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$749,000 : 127 LOS BANOS AVENUE, WALNUT CREEK4 beds, 2 full baths
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$1,185,000 : 687 LA VISTA RD, WALNUT CREEK4 beds, 4 full baths
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$899,000 : 1591 SPRINGBROOK ROAD, WALNUT CREEK5 beds, 3 full baths
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$1,195,000 : 887 Holly Hill Dr, WALNUT CREEK5 beds, 3 full, 1 part baths
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$1,029,000 : 58 Saddle Rd., WALNUT CREEK5 beds, 4 full, 1 part baths
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$1,175,000 : 101 Rudgear Drive, WALNUT CREEK4 beds, 2 full, 2 part baths
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$849,000 : 242 Marshall Drive, WALNUT CREEK4 beds, 4 full baths
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$1,249,000 : 25 ROSE ARBOR LN, WALNUT CREEK4 beds, 3 full baths
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$975,000 : 1800 San Luis Rd, WALNUT CREEK5 beds, 3 full, 1 part baths
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$1,850,000 : 1321 Mountain View Boulevard, WALNUT CREEK4 beds, 2 full, 1 part baths
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$740,000 : 126 YGNACIO CT, WALNUT CREEK4 beds, 3 full baths
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$1,100,000 : 160 EL DORADO R0AD, WALNUT CREEK5 beds, 3 full, 1 part baths
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$1,199,000 : 88 EL CAMINO CORTO, WALNUT CREEK4 beds, 3 full, 1 part baths
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$849,900 : 1481 WHITECLIFF WAY, WALNUT CREEK4 beds, 2 full, 1 part baths
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$975,000 : 124 CREEKDALE RD, WALNUT CREEK4 beds, 3 full baths
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$749,000 : 1831 2ND AVE, WALNUT CREEK4 beds, 3 full baths
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$769,000 : 2822 FILBERT DR, WALNUT CREEK4 beds, 2 full, 1 part baths
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$759,000 : 149 Camino Posada, WALNUT CREEK4 beds, 3 full baths
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$799,500 : 660 ARROWSMITH CT, WALNUT CREEK4 beds, 2 full, 1 part baths
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$789,900 : 704 WIMBLEDON RD, WALNUT CREEK5 beds, 2 full, 1 part baths
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$959,000 : 2625 Lavender, WALNUT CREEK5 beds, 3 full, 1 part baths
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$858,999 : 1009 KNIGHTWOOD CT, WALNUT CREEK5 beds, 3 full, 1 part baths
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$828,000 : 1474 WHITECLIFF WAY, WALNUT CREEK6 beds, 2 full, 1 part baths
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$950,000 : 275 SHADY GLEN RD, WALNUT CREEK4 beds, 2 full, 1 part baths
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$995,000 : 1930 OLD OAK DRIVE, WALNUT CREEK4 beds, 3 full baths
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$921,500 : 633 LA VISTA RD, WALNUT CREEK4 beds, 3 full, 1 part baths
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$669,900 : 435 WALNUT AVE, WALNUT CREEK5 beds, 4 full baths
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$744,533 : 518 El Paseo Circle, Unit: 33, WALNUT CREEK4 beds, 2 full, 2 part baths
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$869,000 : 241 SEQUOIA AVE., WALNUT CREEK3 beds, 2 full, 1 part baths
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$729,000 : 2860 MELILLO DRIVE, WALNUT CREEK4 beds, 3 full baths
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$749,900 : 302 Mangrove Way, WALNUT CREEK5 beds, 2 full, 1 part baths
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$725,000 : 268 FIRESTONE DR, WALNUT CREEK5 beds, 2 full, 1 part baths
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$575,000 : 2131 HILLVIEW DR, WALNUT CREEK5 beds, 3 full baths
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$799,000 : 451 SUMMIT RD, WALNUT CREEK5 beds, 3 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Contact us about any of these Walnut Creek homes or to schedule a showing!
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