I wanted to share this Walnut Creek housing market snap shot with you, let me know what you think !
Below are the median sold prices in Walnut Creek from 18 months ago until now:
Prior 3 months to current: $1,550,000 (102.57% of list price)
Prior 4-6 month period: $1,460,000 (100.22% of list price)
Prio 7-12 month period: $1,450,000 (100% of list price)
Prior 13-15 month period: $1,657,500 (107% of list price)
Prior 16-18 month period: $1,767,000 (116.45% of list price)
How to people buy homes for sale in Walnut Creek, CA?
In the last 30 days, 39 homes in WC closed escrow for an avg of
4% over asking ($1,466,000)
13 buyers paid cash
23 utilized conventional loans
1 1031 tax deferred exchange
1 FHA 203k rehab loan
1 private financing
One property received 21 offers! Another received 19. Most had at least 2
Mortgage rates are about 7.5% (no point loans) for most
What are your thoughts on the current market here in WC? Have you seen a market like this since you’ve been living here?
Keller Williams Realty