If there were any doubt, today’s Bay Area real estate market can be summed up as described by a recent Mercury News article: “Bay Area real estate: too many buyers, not enough houses.” Despite our continued seller’s market, you can still prepare to make a great investment with current Contra Costa County real estate market data in hand.
In 2016, sales and median home prices increased in Alamo, Clayton, El Cerrito, Martinez, Oakley, and Orinda, making these towns especially hot for real estate sales. The largest median home price growth occurred in Oakley and Pleasant Hill with 10.9% and 11.1% gains respectively. If you’re looking to buy in a town where the median home price decreased in 2016, focus your efforts on Blackhawk and Lafayette.
Are you still concerned about house hunting in a seller’s market? These tips will make for easier house hunting in a competitive market.