Antioch, California Housing Market As of July 23rd 2007
There are presently 1194 SFR Properties on the Antioch Market.
Of these 1075 are detached Single family homes. As of this date for the month of July the median price of sold detached homes is $416,000. The average price is $415,663. Both these numbers have gone down since June 24th 2007t.
Since July 1st there have been 23 sold homes or which 22 were detached single family residences and 36 properties have gone pending of which 31 were detached single family residences (entered into contract but not yet closed). In the previous month of June 2007 there were 42 homes sold in Antioch. As we enter into the last week of July the numbers have continued to decline from May.
It continues to be an excellent home buying market. For home buyers and investors that plan to hold onto the homes they purchase the time is NOW to buy. It would be prudent to have plans for a three to five year hold for home investors. For home buyers typically the average stay in a home is five years and this would make home buying a pretty safe investment. While I do not have a crystal ball housing trends going back to 1973 show that a five year hold for housing is a very safe bet.
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