We analyze several housing market indicators in order to present an in-depth breakdown of Walnut Creek Real Estate Market comparing March 2009 to March 2010.
Summary of Key Points
Walnut Creek Real Estate has shown strong signs of improvement with median days on market falling,number of units sold increased and sellers received 96% of asking price.
Key Statistics, Walnut Creek , CA: Median Sales Price (-12.45%), Median Days on Market (-25.22%), and Number of Units Sold (51.06%), Sales Price to List Price Ratio (March 09 94% – March 10 96%)
Walnut Creek Real Estate
The city of Walnut Creek experienced a 12.45% decrease in median sales price from last year going down from $601,614 (March 09) to $526,694 (March 2010). Median days on market data for Walnut Creek show that houses are selling faster than March 09. It took 49 days in March 09 for a house to sell and for March 10 that number has gone down to 37 days (a 25.22% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 47 units were sold compared to 71 for March 10 (51.06% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Walnut Creek. SP/LP ratio for March 09 was 94% compared to 96% for March 10.
Let’s take a brief look at neighbors Concord and Danville. Concord Real Estate featured a 13.58% increase in median sales price ($226,045 March 09 – $256,747 March 10) and Danville Real Estate saw a 1.78% increase ($741,452 March 09 – $754,643 March 10). Are houses in Concord and Danville selling faster or slower this year? Well, Concord experienced a 27.19% decrease (47 to 35 days) in median days on market and Danville a 58.41% decrease (104 to 43 days). In the units sold category, Concord sold 2 units less (-1.53%) in March 2010 than 09 and Danville sold 25 units more (65.79%) in March 2010 than March 09.
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