Did the Market take a shift? 2019 Market Update in Contra Costa County & Benicia
The Market has taken a turn in the last few months from a Seller’s Market with not much in inventory and leaning towards a Buyer’s Market with more then double the inventory we’ve been seeing over 2018. With home value’s remaining strong and more inventory for those looking to buy, there is opportunity for both parties!
Throughout Contra Costa County, we are seeing this shift start to take place in August last year. More inventory in the market in September and a decline in homes that were selling starting in November. In February, there was a spike in homes that are for sale, and pending! The shift is making it a more balanced market where buyers have more to choose from and it is not quite competitive.
Take a look at the trends below for Benicia. Benicia is a little different, you’ll notice they started to increase thier inventory in August of last year and have nearly doubled, even trippled since October. In February, like Contra Costa County, homes for sale and pending have picked up.
Take a look at the trends for Martinez:
Take a look at the trends for Pleasant Hill:
Take a look at the trends for Walnut Creek:
Looking at the sales trends throughout the counties, it’s pretty clear that the market has taken a shift to a more Balanced Market. What does this mean for the future home buyers? You are now able to take your time and really find the home that fits your needs. The great news for sellers, is the home values remain strong in Contra Costa County. Also, since buyers are more price sensitive as the shift continues, sellers are having to become more realistic with their sale price.
To find out if this is the right time for you to buy or sell, contact our team at the Ridge Real Estate Group and we would be happy to discuss your needs and all the options that are available for you!
The Ridge Real Estate Group has been Building Relationships for Generations as your Real Estate Team throughout Contra Costa County. Steve and Debbie Ridge are Real Estate Brokers who started their journey about 30 years ago in Benicia. Their knowledge, expertise and reputation in the industry has created a name that lasts and empowered their very own daughter, Jessica Evans, to join the Ridge Real Estate Group and to take the company to the next level!
Watch The Ridge Real Estate Group Story!
Together, the Family Real Estate Company covers a multi-generational wealth of knowledge! Debbie and Steve Ridge bring you years of experiences and the main core of real the Real Estate industry, while Jessica Evans brings you her extensive background in marketing and technology.
“Still the same, in one important sense, and that is this is a relationship business. That hasn’t changed. The technology absolutely, but the core is building relationships and working with people.” Steve Ridge
Jessica’s vision to grow the Ridge Real Estate group is a combination of keeping family traditions, while building a strong team with a reputable name for their clients throughout the Contra Costa County.
“I see the Ridge Real Estate Group as a reputable team in the industry. We don’t over promise and under deliver and we don’t disappear after the transaction. We build relationships with our clients for generations!” —Jessica Evans
To read more about Jessica Evans and the Ridge Real Estate Group Click here.
To learn more about the Ridge Real Estate Group, log on to www.RidgeRealEstateGroup.com
Realtor | Ridge Real Estate Group
Berkshire Hathaway Drysdale Properties
Cell: 707.315.9803 | Team Line: 925.289.9709