How Fast Do Walnut Creek Homes Sell?
Ha! We could probably end this blog post right there. It is true, homes in Walnut Creek sell quickly. We live in such a desirable, and wonderful community…it just draws so many homebuyers to our area. From the Northgate neighborhood, to the rustic charm of Saranap, to the winding streets of Parkmead, we live in a pretty great spot. This is a subject we’ve touched on before, so you can find another post at How Long Will it Take To Sell My House? to see more.
So how long do homes for sale in Walnut Creek last on the market? This blog post is to take a look at some information, and show you just how quick homes in our area go into contract.
(HINT: Home sellers will LOVE this information…)
Like, this much…
For this post, we will be looking specifically at the number of days from when a home goes live on the market, to when it goes into contract. This is a fantastic way to measure the demand of homes in our area, because it shows how strong offers are accepted quickly in the process.
We will also be only looking at single-family detached homes. While the demand is equally as strong for townhomes and condos, we are going to keep the scope of this post narrow.
Look at the image below, it is a screen capture directly from the MLS. My search parameters? Detached homes in Walnut Creek, that are pending or have sold since March 1st, 2015.
As you can see, that search resulted in 368 total listings of detached homes in Walnut Creek that have sold or are in contract since Spring. Not too shabby!
The average amount of days a home is on the market before going into contract, is only 17 days…
It is interesting how the numbers turn out, of those 368 listings; 224 of them were live on the market for 14 days or less. That is an incredible statistic. Homes in Walnut Creek are selling fast! This has been a great year for home sellers, as many are achieving multiple offers and selling prices higher than listed.
In short, Walnut Creek home sellers are doing a lot of happy dances these days…
Why Are Homes Selling So Fast In Walnut Creek?
There can be multiple factors that play into this. So let’s have a closer look at some of the key elements that are driving successful home sales for Walnut Creek home owners.
This may seem broad, but it is the most fitting element to talk about first. Our town is incredibly desirable for so many reasons. Many professionals are drawn to this area, as are young families who desire great schools. Walnut Creek is also home to a vibrant downtown area featuring all the shopping someone could need, and amazing restaurants.
Walnut Creek Schools
This may be one of the biggest drivers, especially for families and young professionals who value their future resale value. Walnut Creek schools are highly ranked, and are pillars to our community. Let’s not forget that in the unincorporated area of Walnut Creek; Saranap, that some homes will fall into the also high ranking Lafayette schools.
For some more information on the schools in the area, visit our Walnut Creek Schools page.
Many areas of Walnut Creek feel like you are away from the hustle and bustle of every day life. Country lanes litter the Saranap, Parkmead and Tice Valley areas that draw those who seek a peaceful existence. Yet, we aren’t fully removed from the incredible downtown area, and are close to commute routes.
It truly is a luxury to have a peaceful, country existence just a hop away from all the amenities you could need.
It really is quite astonishing how quickly homes are selling in our area. It is a great benefit to home sellers, who are thinking of taking advantage of the market soon.
At the same time, the most agile home buyers are the ones being rewarded with home ownership in our community. It takes a great deal of preparation, and a great deal of offer know-how to entice sellers to work with them.
Have questions on buying or selling Walnut Creek real estate? Contact us.
Latest posts by Matt Quanstrom (see all)
- Walnut Creek Real Estate Market Report, January-March 2017 - April 4, 2017
- Concord Real Estate Market Report; January-March 2017 - April 4, 2017
- Walnut Creek Real Estate Market Report February 2017 - February 24, 2017