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Bank Owned Homes 94505 - 94514

By
Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

Bank Owned Homes 94505 - 94514

Bank Owned Homes have dominated the market for the last couple of years. At this time Short Sales may be more prevalent, but as banks begin to unload inventory we may see more and more Bank Owned Homes on the Market. (Click Here for Free Report on Bank Owned Homes!)

This report looks at market trends of Single Family Bank Owned Homes 94505 - 94514 - Discovery Bay California - by looking at the current market and comparing it with sales of Bank Owned Homes in September and October.

Right now there are 13 Bank Owned Homes 94505 - 94514 on the market with an average asking price of $463,660.00 and a median asking price of $409,000.00. The average asking price per SF is $154.00 and they have been on the market an average of 41 days.

In September 8 Bank Owned Homes 94505 - 94514 sold for an average of $321,800.00 and a median selling price of $329,950.00. They sold for an average of $116.00 per SF and were on the market for an average of 40 days.

In October there were a total of 8 Bank Owned Homes 94505 - 94514 sold for an average of $289,675.00 and a median selling price of $265,000.00. They sold for an average of $108.00 per SF and were on the market for an average of 19 days.

Prices are down on a SF basis on Bank Owned Homes 94505 - 94514, but Discovery Bay is an eclectic market and with the small amount of sales prices vary from month to month. Demand is brisk with about a 1.5 month supply of Bank Owned Homes 94513. A 4 to 7 month supply of homes is considered a balanced market, this is still a sellers market.

We would like to help you with your Bank Owned Home 94505 - 94514 (or beyond) purchase. Please get our Free Report on Bank Owned Homes and let us know what we can do to help you.

Comments (1)

D B
Quakertown, PA
e-PRO, Realtor - Bucks County PA - 610-952-3578

HMMM.   so many REOs   Sounds like great opportunities in the future for buyers.  GOod luck in selling all these.

Nov 27, 2010 11:58 AM