Buying a Home in Discovery Bay!

Buying a Home in Discovery Bay!

Buying a Home in Discovery Bay is an exciting opportunity. Discovery Bay is the recreation community in East Contra Costa County featuring many water front homes with deep water docks, golf course homes, and gated communities.  However there are also affordable homes available too.

Right now there are 69 homes available if you are looking at Buying a Home in Discovery Bay. The Average Asking price is $537,717.00 or $182.00 per SF. In January 18 homes sold in Discovery Bay and 19 sold in February with an average price per SF or $140.00.  Discovery Bay is an eclectic market with a small number of sales so sales figures vary widely from month to month.

For those Buying a Home this is a good time with low prices and low interest rates. The Supply of Homes in Discovery Bay is less than 4 months, this is considered a sellers market. (Anywhere from 4-7 months is considered balanced.) However, the abundance of Short Sales makes the market seem more buyer friendly than it is. Many Short Sales never close so the actual number of available homes if you are Buying a Home in Discovery Bay is much less.

Make sure you have Prepared Before Starting out Buying a Home. Do you know the four loans that take the lowest down payment in this area? Do you understand Bank Owned Homes? Short Sales? Are you looking to Invest?

Home Point Real Estate is here to help you with Buying a Home, Selling a Home in Discovery Bay or Beyond. Call us or e-mail us with any questions you might have.