With housing prices in many cities at an all-time high, many people are considering selling their homes in Danville and relocating to a more affordable area, probably out of California. But before you make the decision to leave your home in search of a more affordable area, it’s important to make sure it’s the right move for you—and that means asking yourself a few questions.
All of this was good news for Walnut Creek homeowners but how significant were these price increases. Keep on reading to see the real world figures.
In March 2021, 102 detached homes were listed for sale in Walnut Creek. The median list price was $1,325,000. The lowest priced home was listed at $749,000 for a 3 bed, 2 bath, 1519 sq.ft. fixer in the Overlook neighborhood, near Buena Vista Elementary School. This sold for $905,000.
At the other end of the scale was a list price of $2,798,000 for a 5 bed, 4.5 bath home with over 5,000 sq.ft. of living space on over a half-acre of land in the prestigious La Cas Via neighborhood close to John Muir hospital.
The median sale price in March 2021 was $1,550,000, 17% above the median list price.
In March of this year, there were just 66 homes listed for sale and the median list price was $1,565,000. At the lower end was $799,000 for a 3 bed, 1.5 bath home that was also a fixer with considerable fire damage, located close to downtown, and sold for $1,000,000. The highest price listing was a 7 bed, 6.5 bath home with 6726 sq.ft. of living space on 1.33 acres in the La Casa Via neighborhood.
The median sale price in March 2022 was $1,712,000
So as we can see, the median sale price in Walnut Creek has increased by almost 10.5%. That is not quite as dramatic as we saw in the previous year, but still a very healthy increase that should be much appreciated by Walnut Creek homeowners.
One final observation that may be of interest is that most homes are still getting sales agreed in less than 10 days, and they are still mostly getting multiple offers. Numbers of offers are certainly less than they were a year ago though. There are definite signs that the market is changing, though right now, change is fairly slow.