Week of Sunday May 28 2017 – Saturday June 3 2017
Weekly Market Briefing
Well, we are still in a strong seller’s market and it doesn’t show any signs of easing anytime soon. Traditionally (at least the last few years) we should have seen a rise in inventory by now. Homes are just trickling on to the market right now with as many units going pending as there are those making their market debut. We are not seeing in real net gains to the inventory of available homes.
Let’s start with,
PH saw 8 new listings this week with 10 going pending. The price range for those homes that are for sale hasn’t changed for last few weeks staying at $649,000 for the low and $1,499,000 for the high. Total inventory for single family detached homes in Pleasant Hill is 25. With inventory that low values will continue to creep up and competition among buyers will remain fierce.
The market for condo’s and townhomes is currently even tighter than with SFD. No new listings this past week and 6 going pending bringing current inventory to 2. The low $335,000 and the high $585,000.
Martinez saw 13 new listings this week with 19 going pending. Inventory is sitting at 56 ranging from $377,000 to $2,600,000. Like Pleasant Hill total available listings actually shrunk from the previous week at a time when it should be increasing.
Martinez Condos and Townhomes did fare a little better this past week with 4 new listings making their debut and only 1 going pending. Total available units jumped from 9 to 12. The asking price range remained the same with the low at $275,000 and the high at $599,880.