Here is this months Discovery Bay Market Report. These figures were pulled from the MLS on July 13th & 14th and are for Single Family Homes only. There are some slight differences in the Sold properties for May in this months report and Last Months Report Due to late reporting.
Prices in Discovery Bay are heading up sharply with a 13% price increase in one month based on sales price per SF. Similar increases are in effect for the sub category of Deep Water Dock Homes. Discovery Bay has a number of eclectic communities and homes. Due to the relatively small number of homes sales it is subject to extreme price swings, but there is a decided up swing in prices. The number of bank owned homes on the market has increased from 10 to 16. There is about a 2 month supply of homes. At this time last year there were more than 60 Deep Water Dock homes for sale in Discovery Bay.
I have stated before that when we get through the Bank Owned Home sales there will be a sharp increase in prices. However, there are different rumors about and we may have another glut of Bank Owned Properties coming onto the market.
This is a wise time to invest in housing and I have recently started a series of blog post on investing. You may wish to read it.