Walnut Creek Home Prices
Although Walnut Creek is considered to be relatively expensive compared to many Contra Costa locations, a close examination of recent sales shows that there really are homes for sale in Walnut Creek at prices to suit most people.
Yes, you could spend over $2 million on a home in Walnut Creek, but unless you are looking for something extraordinary, you really do not need anywhere near that kind of a budget.
In the first quarter of 2010, the average price paid for a detached home in Walnut Creek was just over $730,000 with the lowest priced one selling for $325,000 for a 3 bedroom, 2 bath fixer with almost 2,000 square feet of living space. Yes, it needed work, but it was not in terrible condition. Really a good buy for somebody willing to put in some sweat equity.
At the upper end, just over $1.6 million could have bought a gated 4,400 square foot estate on a half acre lot. This gorgeousl 5 bedroom, 4 bath home in desirable Walnut Heights was newly constructed in 2009 and was a tremendous quality home in a great south Walnut Creek location.
Of course Walnut Creek also has a wide range of housing alternatives other than detached homes..
In the same period mentioned above, a small 1 bedroom condominium could have been bought for as little as $117,000, while a number of 3 bedroom, 2 bath townhomes were sold between $350,000 and $500,000.
Walnut Creek home prices have fallen considerably during the recent recession but there seems little doubt that they will re-bound in due course. It is generally accepted that real estate prices have bottomed out here, as in most parts of the San Ramon Valley, and while significant price increases appear unlikely in the near future, this makes Walnut Creek homes more affordable for most people than they have been in years.
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