An article today in the Yahoo! Finance section stated that SF Bay area home prices plunge 27 percent in June. Well, that’s pretty bad! However, as you read the brief article you’ll notice that they are talking about aggregate numbers from nine Bay area counties and for the combination of single family homes and condo/townhouses. So, as a person looking to buy or sell a property in one of Contra Costa County’s cities, what does this mean to you? Should you automatically assume that this 27% plunge is the exact impact your market has felt?

I hope you immediately answered the above question with a “no.” The numbers below for six different Contra Costa cities will help show the variance in both year-over-year and month-over-month trends from one city to the next. Real Estate is ALWAYS local. This applies to foreclosures as well as prices … you always need to take national and regional news with a grain of salt because it may or may not be reflective of your local market.

If you have questions about any of these numbers, or would like to see them for a different Contra Costa city, please let me know.

This entry was posted on Friday, July 18th, 2008 at 12:01 am and is filed under Contra Costa County, Foreclosures, Home Buyers, Home Sellers, Real Estate, Walnut Creek. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.