Time to Buy a Home in Antioch? – June 2015 Market Report
Antioch California Homes are great buys and offer great potential for equity growth. Antioch is a great community with a great infrastructure; newer, parks, schools, roads and community facilities. The housing crises took a toll on Antioch, but as home prices are bouncing back so is Antioch. With the increase in property tax revenues and sales tax revenues Antioch is investing heavily in expanded law enforcement, code enforcement, and community facilities.
Buyer recognize the value in Antioch California Homes and Prices have been Trending up on Antioch California Homes all year. See the May 2015 Antioch Homes Report and the May 2015 Report of Antioch Homes in 94509. In May the price increases continued. Here are May Antioch Sold Homes and the Current Antioch California Housing Market. The Chart also includes a break down by Zip Code:
Market |
Homes |
High |
Low |
Average |
DOM* |
PPSF** |
Active |
151 |
$699,000.00 |
$175,000.00 |
$375,372.00 |
35 |
$188.54 |
Active 94509 |
86 |
$599,999.00 |
$175,000.00 |
$337,383.00 |
34 |
$188.98 |
Active 94531 |
63 |
$699,000.00 |
$265,000.00 |
$427,729.00 |
35 |
$189.25 |
Sold May |
118 |
$600,000.00 |
$180,000.00 |
$342,735.00 |
24 |
$186.37 |
Sold May 94509 |
65 |
$565,000.00 |
$180,000.00 |
$310,210.00 |
27 |
$190.64 |
Sold May 94531 |
53 |
$600,000.00 |
$207,000.00 |
$382,626.00 |
20 |
$181.11
|
*Days on Market ** Price Per Square Foot
A review of this report and last months will show prices continue to trend up. The number of sales is consistent. The number of homes on the market is increasing slightly, probably due to the normal Summer Selling Season and people looking to sell between school years. This will give buyers some more choices, but I suspect sales will increase as well as more buyers will be out over the summer.
If you are looking to buy now is the time before prices go up more and while interest rates are low. If you are looking to sell now is also a good time as the homes are moving fast.
Home Point Real Estate is located in Brentwood Ca and provides 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. Find out more about Home Point Real Estate.
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