Walnut Creek Real Estate Picking Up Steam!
We are now 1 quarter into 2017, and the real estate market in Walnut Creek is fuego! 🔥
This edition of our market reports is going to look at single family, detached homes that have been listed between January 1st and March 31st. So keep in mind that we are not even taking into account townhomes and condos (which are going fast as well!).
Between January 1st-March 31st, 2017, more than 130 Walnut Creek homes were listed. We are going to provide you data from our MLS, that will break down things like;
- Average List Price
- Average Sold Price
- Average Days On Market
- % of Homes Selling For Higher Than List Price
- And more!
Are Sellers Winning The Walnut Creek Real Estate Market?
Yes…yes they are. Before we show you some numbers on how well home sales are going; just remember these key points:
- Homes are selling fast.
- Many homes are selling for more than the asking price! 💰💰💰
Let’s first take a look at how many homes in Walnut Creek have come on the market in 2017. In the first 3 months, Walnut Creek has had 142 homes come on the market. At the time of writing this post, there are 40 homes that are currently active and for sale in Walnut Creek. In the short time we’ve had in 2017, 56 homes have already sold and closed. That fact is a testament to how quick the home selling process is working out for sellers. Home buyers want homes in Walnut Creek!
Walnut Creek Homes Make Money
At this point, the average list price of a Walnut Creek home is $1,100,726. And in the light of buyer demand, the average selling price so far is $1,118,116. That’s a hefty chunk of change!
As you can see, Walnut Creek home values are up as home buyers are feverishly chasing the American Dream in our town. With our schools, dining, shopping, recreation etc… Families, working professionals, retirees etc…they all want to be here!
How Quick Do Walnut Creek Homes Sell?
Um….QUICK! These things are “flying on the shelves,” so to speak. Home buyers are watching this market closely, and when homes hit the market they (and their realtors) are jumping on them. Of the listings we are looking at, the average days on market is at 13. On average, these homes are going into contract in less than two weeks!
What’s even more astonishing, is how many homes are going into contract in 10 days or less. 101 Homes in our search have either closed or gone into contract. 64% of those went into contract in 10 days or less. This is an incredible statistic in the real estate world. Yet it has become the norm here in Walnut Creek.
Do Walnut Creek Homes Sell For More Than The Asking Price?
More often than not! Let’s take a look at how many of the 56 closed homes sold at or above list price.
48, out 56 sold homes in Q1 of 2017 sold at or above the asking price. That is almost 86%!
Again, this just emphasizes how now is a great time to sell a home in Walnut Creek. Truth be told it is the same case for the whole East Bay area.
The real estate market in Walnut Creek is off to a blazing start. And with there being slightly more inventory than recent years, sellers are still yielding amazing results in both the price they sell for, and the terms of their contracts.
What Are Your Questions?
Be sure to utilize our “Contact Page,” to drop us a note with any questions you have. Our team is always available to answer your questions about selling your home, with no obligation. Our team also offers a full home value analysis, complete with a marketing plan should you decide to list your home with us.
The data for this article is considered to be reliable but not guaranteed. The data was pulled from the MLS for single family, detached homes listed in Walnut Creek, CA from January 1st, 2017-March 31st, 2017. Other dwelling types like condos, townhomes, etc… are not included.
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