Close

September 9, 2019

Lamorinda & Diablo Valley Real Estate September 2019 Report

As we enter the Autumn selling season, here’s the September update for Diablo Valley and Lamorinda. Please review at your convenience the market dynamics and let us know if you have any questions. Happy to assist you and your friends with any real estate needs. With our new company Compass, we have a vast team of top professionals throughout the Bay Area and the US to address any needs, both local and out of state.

Warm Regards,

RicRoc & Callista

Home Prices by City; Short-Term & Long-Term Appreciation Trends; Migration In & Out of the County; Price Reductions & Unsold Inventory. After the heat of the spring market, activity typically slows down in July and August. In September, new listings start coming on the market again to fuel the relatively short autumn selling season. What occurs in the next 2+ months, before the mid-winter holiday doldrums begin, will be the next major indicator of market conditions and direction.

Migration: People Moving In & Out of Contra Costa County

Using new U.S. Census estimates released 8/29/19, this chart attempts to identify U.S. counties, states and international regions with the highest number of residents migrating to and from our county. In the Bay Area, there is a general trend outward from more expensive to more affordable places, while in-bound migration is deeply affected not only by exchanges between Bay Area counties, but people arriving from other parts of the state, country and world. Areas often have large two-way exchanges of residents, as between Contra Costa & Alameda Counties. Foreign in-migration is a huge issue in the Bay Area, but it will be another year before any impact of new U.S. immigration policy on foreign in-migration in 2018 shows up in census numbers.

Median Home Prices by City

Median House Sales Price Trends

Short-Term & Long-Term Trends in Median Home Values

Selected Market Indicators – Regional & County

Price reductions spiked at the end of last year and remain somewhat elevated. The next chart measuring unsold inventory helps give greater context to market conditions and changes. The ups and downs since 2012 are relatively minor compared to the situation that prevailed during the 2008-2011 market recession.