Concord California put in a strong showing in November in terms of price appreciation. Average sold price per square foot rose an incredible 24.9% from November of 2004’s figure of $321, to November of 2005’s average of $401. The average home sold in Concord in November listed for $555,831 and sold for 99.9% of that figure, with the average sale price being $555,303.
All that good appreciation notwithstanding, however, Concord’s residential real estate inventory is fairly high by Bay Area standards at 3.1 months. Also, the expired to sold ratio in Concord stands at 22.3% — not high in any global sense, but somewhat elevated compared to other local markets. At the same time, days on market are up only slightly from last November’s figure of 14 to an average of 17 days this November.