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Condo Sales in the Walnut Creek Area Slow

August 28 2018
August 28 2018
By

Condo sales in Walnut Creek have slowed down considerably in 2018 as compared to last year. According to the Contra Costa Association of Realtors market data for the month of July 2018, condo re-sale has seen an appreciation of price from 2017 by just 2%. This is compared to Single Family Detached homes in Walnut Creek which seen a year-to-year appeciation of just over 8% in average sale price.

Furthermore, the average time of market for condos in Walnut Creek is 25 days, compared to 2017 when a condo for sale in Walnut Creek sat on the market for an average of 10 days. This is due in large part to the season when many buyers are enjoying their summer vacation as opposed to shopping for a new home in Walnut Creek. But expanding further, interest rates and general buyer fatigue with rising prices are slowly turning our sellers market into a buyers market.


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