• Home
  • Blog
  • Contact
    • Location
  • About
    • Libby Guthrie
    • Ken Guthrie
    • Brittany Armenta Perez
  • Search the MLS
  • Sell
    • Sell My House
    • What’s My Home Worth?
  • Buy
    • Search the MLS
    • Home Buyers Guide – How to Avoid Costly Mistakes When Buying a Home
    • Frequently Asked Questions of Home Buyers
  • Reviews
    • Leave Your Review
  • FAQs

Guthrie Group Homes

Real Estate

Call Guthrie Group Homes, Real Estate at (925) 628-2436 | DRE #01117537Guthrie Group Homes, Real Estate - Keller Williams East County
Real Estate - Home » Blog » Real Estate » Second Quarter 2019 Real Estate Market Report for East Contra Costa County

Second Quarter 2019 Real Estate Market Report for East Contra Costa County

July 10, 2019 By Ken Guthrie Leave a Comment

Median Sales Prices for the First Half of 2019 in East Contra Costa County California for Antioch, Brentwood, Oakley, Discovery Bay, Pittsburg and Bay Point
Median Sales Prices for the First Half of 2019 in East Contra Costa County California

Median Sales Prices in East Contra Costa County

Here we are, halfway through 2019 and we have some updated market information for you.

Median prices in our local markets continue to rise in all locations except Pittsburg, which has stayed pretty flat.

Oakley is just a bit higher after a rise in May and then a drop in June. We have concluded that the big increase in the number of new builder homes going on the market there has pulled down the re-sales a bit.  The builders have been pricing on the low side to keep their inventory moving.

Median Sales Prices for the Second Quarter of 2019 in East Contra Costa County California for Antioch, Brentwood, Oakley, Discovery Bay, Pittsburg and Bay Point
Median Sales Prices for Q2 2019 in East Contra Costa County California

A warning to potential new home buyers in Oakley!  The selling prices are relatively low, which is quite attractive.  However, some of these homes have quite high taxes and special assessments.  This can add significantly to your mortgage payments. Pay close attention!

Home Inventory Levels in East Contra Costa County

Inventory of homes on the market continues to rise steadily.  Again, as mentioned in our last report, it is still historically below “normal.”  However, it does help provide more choices for buyers.

Real Estate Inventory Report for the Second Quarter of 2019 in East Contra Costa County California in Antioch, Brentwood, Oakley, Discovery Bay, Pittsburg and Bay Point
Inventory Report for Second Quarter 2019 in East Contra Costa County California

Mortgage rates continue at very low levels.  More buyers can afford to buy right now with most rates below 4% this week. Consider that in 1982 the annual average 30-year fixed mortgage rate was 16.04% with a high of 17.60%. This is practically free money. 😉

Average Mortgage Rates for CA July 10, 2019

Source: Bankrate.com
DescriptionAPR This Week
30-Year Fixed Conforming3.81%
30-Year Fixed Refinance3.80%
15-Year Fixed Conforming3.17%
30-Year Fixed Jumbo4.11%
5/1 Year ARM Conforming4.02%

Those are the statistical looks at the market.  What about the observations of what we see otherwise?

Our Observations

We expected a bump up in buyer and seller activity in July after school is out, graduations, etc.  We did not see that in June.  However, in the last week, we are seeing quite a jump in buyer activity.  By that, we mean observation of the numbers of people looking at houses and the numbers attending open houses.  The increase in people going to open houses took a really big jump on the first weekend of July!

As usual, we see houses listed at realistic asking prices selling quickly.  Those that are listed high, sit on the market a while.  The higher they’re listed, the longer they sit, until asking prices are lowered to realistic market levels.

We are seeing a lot of buyer activity from other parts of the Bay Area.  Our area prices are considerably cheaper than just about every other place in the Bay Area.  These buyers seem to have appeared all of a sudden.  We think it appears that way because we had such bad weather for such a long time, it discouraged them from making the trip out here.  Now, they’re coming!

Don’t forget.  Libby is the best there is out there!  If you’re thinking of buying or selling, give her a call today at 925-628-2436.  You’ll be glad you did!

Testimonial from Karen Bomagat
Libby knows her stuff!
Share
Tweet
Pin
Share
Pocket
Buffer
0 Shares

Filed Under: Real Estate Tagged With: Market Report, Real Estate Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Find Us on Social Media

Facebook
Facebook
fb-share-icon
Instagram
Pinterest
YouTube
YouTube
LinkedIn
LinkedIn
Share
Twitter
Follow Me

Our Most Popular Content

  • First-Time Home Buyer TipsFirst-Time Home Buyer Tips I’ve put together 15 First-Time Home Buyer Tips for you
  • Trilogy at Rio VistaTrilogy at Rio Vista Over 55 Community Have you been thinking about moving to a senior
  • A Homeowners Guide to Home Insurance A Homeowners Guide to Home Insurance Does Your Insurance Cover That? No one likes to
  • Real Estate - Home » Blog » Real Estate » You Just Listed Your Home, Now What? You Just Listed Your Home, Now What? You Just Listed Your Home, Now What? While listing and selling your home can feel
  • What $500,000 Will Buy You In Brentwood, CA vs. San Jose, CA What $500,000 Will Buy You In Brentwood, CA vs. San Jose, CA OK, we all know that buying a home
  • How Much Is My Home Worth? How Much Is My Home Worth? Get a FREE home valuation from expert

Blog Topics

  • FAQ's
  • Financing
  • Home Buyers
  • Home Improvement
  • Home Sellers
  • Homeowners
  • Libby and Ken Recommend
  • Local Communities
  • Page
  • Real Estate
  • Seasonal

guthriegrouphomes

Libby Guthrie, Realtor
@ Keller Williams 865-966-5005
🏡 Helping You Make the Move to Knoxville
📱 Cell: 865-364-0200
🏡 Good People, Great Homes!

Want to sell your home quickly and for top dollar? Want to sell your home quickly and for top dollar? These proven strategies will put you on the fast track to a speedy sale! 🏎️Schedule a FREE home value assessment—and let’s make your sale a success!📲 865-364-0200
📧 Libby@GuthrieGroupHomes.com#RealEstate #RealEstateAgent #HomeSellerTips #SellYourHomeFast #MarketReady
Are you dreaming of owning a home but unsure if yo Are you dreaming of owning a home but unsure if you’ll qualify for a mortgage? 🏡✨Here are some ways to boost your chances!✅ Improve Your Credit Score – Pay bills on time & dispute any errors.
💳 Lower Your Debt – Less debt = a stronger application.
💰 Look Into Home Buyer Programs – You may qualify for assistance!
📝 Consider a Co-Signer – A trusted family member could help secure your loan.Ready to take the next step? Check out our blog for more tips! [Link in Bio]#RealEstate #RealEstateAgent #HomeBuyingTips #MortgageReady #FirstTimeHomeBuyer
Follow on Instagram

Hours & Info – Guthrie Group Homes, Real Estate

Location
191 Sand Creek Rd #100,
Brentwood, CA 94513

Contact Us
info@guthriegrouphomes.com
Office: (925) 628-2436

Broker:
Keller Williams East County

Real Estate License
Lic #01117537

Hours
Monday - 9AM–5PM
Tuesday - 9AM–5PM
Wednesday - 9AM–5PM
Thursday - 9AM–5PM
Friday - 9AM–5PM

Weekends by Appointment
Call (925) 628-2436

See Location

Real Estate Menu
How We Market Your House
Home Search
Blog
Sitemap
FAQs

Search Here

Visit our Sister Site in Knoxville Tennessee

Libby Guthrie Real Estate, Knoxville TN
Libby Guthrie Realtor, Knoxville TN

Guthrie Group Homes, Knoxville TN

Discover the history, beauty, and affordability of the Greater Knoxville area. Each neighborhood in Knoxville has its own charm and is worth exploring to get a true sense of the city's diverse character!

  • Home
  • Contact
  • Location
  • About
  • How Much Is My Home Worth?

Copyright © 2025 · Guthrie Group Homes, Real Estate · Lic #01117537 · 925-628-2436 · Brentwood, Antioch and Oakley, California · Log in

If your home is currently listed or you are a buyer represented by another real estate agent, this website, article, or blog post is for informational purposes only.

It is not our intention to solicit the offerings or clients of other real estate agents or brokers.

All information on this site is deemed reliable, but not guaranteed.

Terms of Use  | Cookies Policy | Privacy Policy | Advertising Policy | Accessibility

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy