Jan 11-25: Walnut Creek, Pleasant Hill Sold and Pending Homes
Total sold: 23
Lowest: $295,000/ Highest: $1,425,000
Median days on market: 23 days
Median sold price: $575,000
Total transactions: Approx $16m
Total pending: 42
Lowest: $210,000/ Highest: $1,795,000
Median days on market: 14 days
Median asking price: $649,500
Total For Sale: 129
Walnut Creek (100) - median price $854,750
Orinda (29) - median price $1,079,000
Here’s why Q4 2022 was the bottom of the recent real estate cycle
25% increase in weekly mortgage applications
Mortgage rate is at a 4 month low
In Q4 2022, 42% of sellers were giving concessions to buyers (a 10-year high)
Increase in buyers’ activities, open house traffic, and offers
Properties are receiving multiple offers after 1st open house again
Do you have any questions about value in Walnut Creek, Pleasant Hill CA, or what’s going on in the market? Reach out to Lamorinda realtor Judy Sin today.