Antioch Homes for Sale out the gate in 2015!
Antioch Homes for Sale are very popular and offer an excellent opportunity to Buy a Home to live in or Buy a Real Estate Investment Property. The main question I get is, “Will Home Prices in Antioch California continue to go up?” I am not permitted to give you an answer, and tomorrow is never certain. But we can look at certain real estate trends and make an educated guess.
Gene Just Show Me the Antioch Homes for Sale Now!
The winter holidays and winter in general is often viewed as a slow time in Real Estate. So during this traditional slow time when we have been hit with a lot of hard weather what has been going on?
In short Antioch Home Prices are still going up:
In December Antioch Homes Sold totaled 88 with prices from $127,000 to $495,000 with an average price of $319,656.00 and average per SF of $173.04.
In January (which is traditionally very slow for closings because they generally went into contract in December around the holidays) Antioch California Home Sales totaled 78 in a price range of $182,700 to $517,500. The average price was $325,549 and the average per SF of $173.61.
As of today (2/4/15) there are 137 Antioch California Homes for Sale from $109,950 to $615,000; at an average price of $348,472 and an average price per SF of $178.55.
What can we learn from these numbers:
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The average Antioch Home Sale Price jumped almost 2% in one month.
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There is less than a 2 month home supply of Homes in Antioch. This is considered an extreme sellers market.
This appears to be a strong sellers market with a strong upward trend. What I expect to see going into 2015.
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Dropping interest rates will drive sales up further.
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Sales will increase as the weather improves and we move into spring.
Other factors that will drive Antioch Home Sales in my opinion is:
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A gentrification that will attract more buyers. Antioch has a strong basic infrastructure that makes it ripe for gentrification.
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Higher home prices in nearby Brentwood and Oakley will drive Antioch Home Prices Higher.
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The expiration of the Mello Roos on many Antioch Homes will make them more attractive than ever to buyers and investors.
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With new businesses and expanded businesses going into Antioch (Like the Walmart Super Center) the sales tax base will expand and push the gentrification.
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The large number of single story ranch style Homes in Antioch will be increasingly in demand by aging baby boomers.
If you are interested in Buying a Home in Antioch or Selling a Home in Antioch call me now at 925-260-4321.
Gene owns Home Point Real Estate; located in Brentwood Ca and providing service to the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond. Give us call regarding Buying a Home, Selling a Home, or Real Estate Investing. Want to learn more?
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