As analysts noted an uptick in median home prices in the Bay Area for the second straight month, SFGate.com’s On the Block blog looked at how Walnut Creek has become the place for home buyers to find the biggest discounts off list prices.
That’s according to new data released by Redfin, which looked at the month of May. The overall discount from the final list price in Walnut Creek was 7.4 percent. “Walnut Creek placed first for April, too, but the discount percentage has nearly doubled," On the Block says.
But, not surprising, you're not going to start finding cheap housing in Walnut Creek.
The median home price for a home in the nine-county region is up to $341,500 (up 12.3 percent from $304,000 in April, but down 33.9 percent from $517,000 in May 2008), according to MDA DataQuick of San Diego.
The median prices for homes in Walnut Creek’s four zip codes range from $427,000 in 94597 to $622,500 in 94598. In the 94595, the median price is $447,500; in the 94596, it’s $550,000.
However, the median home price for all of Contra Costa County is the second lowest in the Bay Area nine counties, at $234,000. That’s just ahead of Solano County at $189,000. Contra Costa’s May median home price is 39 percent lower than May 2008.