The average home sold in Concord California in March of 2006 for $513,891, or 99.9% of the average list price of $514,230. The median sale price was $530,000. Appreciation from last year was 6.5% on a cost per square foot basis, while the median price appreciated 7.6%.
As in most East Bay markets that we’ve been studying, Concord’s sales have slowed somewhat from last year’s hectic pace, but the numbers are still very good compared to other areas. Unit volume was down in March by some 29%, from 174 units sold at this time last year to 124 in March of this year. Days on market were up, from 13 on average to 23, and the expired to sold ratio was up to 25% from an incredibly thin 2% last year.
Inventory currently stands at about 3.5 months.