During the week of June 15, Contra Costa County recorded 249 residential property transactions. The average sale price reached $1.1 million, highlighting a diverse market across several cities.
The $277 per square foot average in Contra Costa County
The residential market in Contra Costa County showed significant activity during the mid-June period, with an average price per square foot landing at $277. according to the report, the 249 recorded sales featured homes with an average size of 1,859 square feet, typically configured with three bedrooms and one bathroom.
This average, however, serves as a broad baseline that masks extreme local variations. While the $1.1 million average price provides a snapshot of the county's middle market, the actual value of properties fluctuates wildly depending on the specific municipality and the age of the structure.
Orinda's $844 per square foot premium vs Martinez's value
A stark contrast exists between the high-end density of Orinda and the spacious value found in Martinez. In Orinda, a 1,421-square-foot single-family home on California Ave sold for $1,200,000, representing a premium of $844 per square foot. This transaction, completed on June 9, involved a two-bedroom house built in 1964.
In contrast, the Martinez market offered significantly more land and volume for a lower unit cost. A 4,079-square-foot house on Alhambra Valley Road sold for $1,225,000 on June 8, which equates to just $300 per square foot. This four-bedroom residence, built in 1984, highlights how buyers can trade per-square-foot prestige for total living area in different parts of the county.
Concord and Walnut Creek's mid-range transactions
The report highlights Concord as a high-volume area for transactions in the $1.2 million range. Notable sales in Concord included a 3,085-square-foot home on Lynn Drive that closed for $1,250,000 on June 10,and a 2,606-square-foot property on Lewis Way that sold for $1,225,000 on June 8.
Other mid-range activity was noted in nearby Walnut Creek and Pleasant Hill . A 1,322-square-foot home on Casa Way in Walnut Creek finalized at $1.21 million on June 8, while a 1,628-square-foot house on Hopeco Road in Pleasant Hill sold for $1,185,000. These deals suggest a consistent demand for established single-family homes across the central part of the county.
What financing drove the $1.25 million Lafayette sales?
Lafayette saw two significant sales at the $1.25 million mark, involving properties on Mildred Lane and Deer Hill Road. Both homes, built in the early 1950s, reached their final sale prices on June 9, suggesting a concentrated interest in mid-century residential architecture in the area.
However, several critical details remain unverified. The report does not specify whether these $1.25 million transactions were cash deals or secured through traditional mortgages. Furthermore, it is unclear how these June figures compare to the previous year's data, leaving it uncertain if this $1.1 million average represents a seasonal surge or a long-term plateau.
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