subject: Walnut Creek Real Estate Market Comparison Report (february 2009 Vs. February 2010) [print this page] We analyze several housing market indicators in order to present an in-depth breakdown of Walnut Creek Real Estate Market comparing February 2009 to February 2010.
Summary of Key Points
Walnut Creek Real Estate has started showing signs of improvement with median sales price climbing up while at the same time houses are selling faster. Number of units sold increased substantially and sellers received 98% of asking price.
Key Statistics, Walnut Creek, CA: Median Sales Price (1.93%), Median Days on Market (-37.60%), and Number of Units Sold (68.97%), Sales Price to List Price Ratio (Feb 09 95% - Feb 10 98%)
Walnut Creek Real Estate
The city of Walnut Creek experienced an 1.93% increase in median sales price from last year going up from $503,255 (Feb. 09) to $512,943 (Feb. 2010). Median days on market data for Walnut Creek show that houses are selling faster than Feb 09. It took 70 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 43 days (a 37.60% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 29 units were sold compared to 49 for Feb 10 (68.97% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Walnut Creek. SP/LP ratio for Feb 09 was 95% compared to 98% for Feb 10.
Lets take a brief look at neighbors Concord and Danville. Concord Real Estate featured an 18.12% increase in median sales price ($238,189 Feb 09 - $281,342 Feb 10) and Danville Real Estate saw an 11.92% decrease ($778,819 Feb 09 - $685,961 Feb 10). Are houses in Concord and Danville selling faster or slower this year? Well, Concord experienced a 41.76% decrease (58 to 34 days) in median days on market and Danville saw a 61.31% decrease (72 to 28 days). In the units sold category, Concord sold 23 units less (-19.49%) in Feb 2010 than 09 and Danville sold 12 units more (60.00%) in Feb 2010 than Feb 09.
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