(CONTRA COSTA COUNTY, Calif.) Contra Costa County, much like more rural or residential counties across the state, has seen a small real estate boom in the residential real estate market.
Whether it's overflow from upper-middle-class professionals moving to remote jobs, competitive pricing or more land for a cheaper price, it is truly a seller's market. Of the hundreds of homes sold throughout Contra Costa County this month, the vast majority have come in cities like Antioch, Walnut Creek and Concord.
Considering those three cities are the largest by size in the county and have repeatedly pushed for continued residential development, the uptick is unsurprising. Despite this somewhat predictable pattern, there is a lot to be gleaned about the market in Contra Costa County from the prices of homes within these areas.
Before diving into the specifics of the three major cities, it's helpful to reflect on some overall statistics. Of the more than 100 homes sold over the past month in the county, a 7,441 square-foot, six-bedroom, five-bathroom home on Campesino Court in Alamo sold for just over $4.2 million. This marks the most expensive house sold in the county over the past month.
Within Antioch, however, the prices are much more affordable. The majority of the homes sold in Antioch over the past month fall between $300,000 and $600,000 with some limited exceptions. Residential buyers are clearly looking at the increased development and land in eastern Contra Costa as an untapped market.
A 2,698 square-foot, four-bedroom, two-bathroom home on Menona Court sold for $782,500 and marks the most expensive home sold in the area over the past month.
In Concord over the past month, the vast majority of the homes sold fell between $400,000 and $700,000, again with limited exception. One such exception was a 1,694 square-foot, four-bedroom, two-bathroom home on Frayne Lane that sold for $975,000.
Walnut Creek had a much wider sales range from as low as $500,000 to as high as $1.7 million. The most expensive outlier, however, was a 2,560 square foot, three-bedroom, two-bathroom home on Lariat Lane that sold for $2.2 million.