Buyers of real estate in Concord, California, closed escrow on 183 residential units in September of 2005. Unit volume was down slightly from last year, when 215 residential units sold during the same period. The average home was on the market for sixteen days — unchanged from September of 2005.
This year’s average sale price was $541,377, up 28.5% from last year’s average of $421,368. Even when adjusted for square footage, the average increase was still 25.6%.
Overall, the Concord real estate market is doing extremely well. Available inventory is low at 2.1 months, and as we mentioned above, homes are still selling as quickly as they did last year.