Hi Everyone,

The market continues to be robust, but certain cities and price sectors are changing. I'm beginning to see price reductions for some East Bay homes, which were possibly too aggressively priced. Condos and starter homes are in short supply. The number of sales has dipped slightly, but the median price in the 9 Bay Area County regions is up 12.9% from June of last year, per The San Francisco Chronicle. There is just not enough inventory for the number of home buyers in the market. According to The Chronicle, 6400 technology jobs were added in the San Jose and San Francisco metro areas. Until there is a softening in the job growth, we should continue to see continued gains in home prices. 

Below is a look at the number of homes For Sale and Pending in our local market.
 
 
Ferland Market Update
Alameda & Contra Costa County 8/9/18
           
LISTINGS Current Week Change From % 2017 %
  Listings Last Week   Listings  
Alamo 48 -1 -2.04% 55 -12.73%
Antioch 121 1 0.83% 99 22.22%
Blackhawk 40 3 8.11% 37 8.11%
Brentwood 144 -11 -7.10% 167 -13.77%
Clayton 24 1 4.35% 21 14.29%
Concord 156 2 1.30% 115 35.65%
Danville 96 5 5.49% 79 21.52%
Diablo 7 0 0.00% 9 -22.22%
Discovery Bay 89 2 2.30% 83 7.23%
Dublin 54 -4 -6.90% 37 45.95%
Lafayette 37 -13 -26.00% 42 -11.90%
Livermore 119 11 10.19% 86 38.37%
Martinez 57 -10 -14.93% 72 -20.83%
Moraga 9 -2 -18.18% 26 -65.38%
Oakley 75 14 22.95% 64 17.19%
Orinda 43 -7 -14.00% 43 0.00%
Pittsburg 70 6 9.38% 51 37.25%
Pleasant Hill 37 4 12.12% 26 42.31%
Pleasanton 94 8 9.30% 69 36.23%
San Ramon 68 -2 -2.86% 57 19.30%
Walnut Creek 66 9 15.79% 47 40.43%
Totals 1454 16 1.11% 1285 13.15%
           
Pending Current Week Change From % 2017 %
Sales Pending Last Week   Pending  
Alamo 3 -3 -50.00% 5 -40.00%
Antioch 26 -10 -27.78% 22 18.18%
Blackhawk 0 -2 -100.00% 3 -100.00%
Brentwood 27 12 80.00% 27 0.00%
Clayton 2 1 100.00% 2 0.00%
Concord 27 1 3.85% 26 3.85%
Danville 10 1 11.11% 11 -9.09%
Diablo 1 1 100.00% 0 100.00%
Discovery Bay 12 6 100.00% 6 100.00%
Dublin 9 0 0.00% 9 0.00%
Lafayette 12 6 100.00% 8 50.00%
Livermore 15 -4 -21.05% 16 -6.25%
Martinez 10 -6 -37.50% 10 0.00%
Moraga 3 3 300.00% 5 -40.00%
Oakley 10 -4 -28.57% 9 11.11%
Orinda 8 4 100.00% 6 33.33%
Pittsburg 15 5 50.00% 13 15.38%
Pleasant Hill 4 -3 -42.86% 8 -50.00%
Pleasanton 13 -10 -43.48% 15 -13.33%
San Ramon 10 -2 -16.67% 20 -50.00%
Walnut Creek 8 -5 -38.46% 10 -20.00%
Totals 225 -9 -3.85% 231 -2.60%
           
           
           
           
Sales By          
Price Range # %      
0 - 100,000 0 0.00%      
100,000 - 200,000 0 0.00%      
200,000 - 300,000 0 0.00%      
300,000 - 400,000 15 6.67%      
400,000 - 500,000 27 12.00%      
500,000 - 600,000 36 16.00%      
600,000 - 700,000 35 15.56%      
700,000 - 800,000 23 10.22%      
800,000 - 900,000 14 6.22%      
900,000 - 1,000,000 15 6.67%      
1,000,000 - 1,100,000 6 2.67%      
1,100,000 - 1,200,000 12 5.33%      
1,200,000 - 1,300,000 8 3.56%      
1,300,000 - 1,400,000 4 1.78%      
1,400,000 - 1,500,000 6 2.67%      
1,500,000 - 1,800,000 10 4.44%      
1,800,000 - 2,000,000 3 1.33%      
2,000,000 - 2,500,000 7 3.11%      
2,500,000 - 5,000,000 4 1.78%      
5,000,000+ 0 0.00%      
Total 225 100.00%