Are you thinking of buying a home in today's real estate market? Did you know that in East Contra Costa County nearly 80% of the homes listed for sale are listed as a "Short Sale" or "REO/Bank-Owned?" Did you know that nearly 50% of the homes in Concord and Martinez are listed as a "Short Sale" or REO/Bank Owned?
Are looking to buy a home under $550,000? If so, chances are that you will come across a Short Sale, Foreclosure, REO/ Bank-Owned or Auction Property.
Auction, Short Sale, Foreclosure and Bank-Owned Properties are common terms uses to describe homes for sale in the current market. The Concord Community Center is offering an education class specifically for the home buyer.
You will learn:
- How each type of home for sale differs.
- The pros and cons of buying each.
- The impact of each on you as a buyer.
- How to buy a home under market value.
The class will be valuable whether you are a first-time home buyer, a move-up buyer or are contemplating the purchase if investment real estate.
Class: 79912
Date: Tuesday, August 19th, 2008
Time: 6:30-8:00 pm
Location: Centre Concord (Clayton Rd and Ygnacio Valley Rd)
Fee: $19 (Concord resident) or $24 (non resident)
To register, call 925-671-3404 or visit http://www.concordreg.org/
READ ON FOR INTERESTING STATISTICS ON THE TODAY'S HOUSING MARKET
| Nov.07 | Jan.08 | Feb. 08 | 8-May | 8-Jul | |
| ANTIOCH | |||||
| Total # of Homes for Sale | 1199 | 1150 | 1185 | 1105 | 1039 |
| Single Family Homes | 1103 | 1025 | 1058 | 971 | 917 |
| Short Sale/REO | 65% | 90% | 84% | 81% | 83% |
| Price Range | $159-$979 | $109-$979 | $79-$979 | $89-979 | $79-979 |
| BRENTWOOD | |||||
| Total # of Homes for Sale | 633 | 556 | 533 | 445 | 409 |
| Single Family | 633 | 543 | 516 | 432 | 395 |
| Short Sale/REO | 75% | 95% | 74% | 64% | 66% |
| Price Range | $299-$4.5 | $200-$3 | $185-$5.2 | $184-5.1 | $144-5.2 |
| OAKLEY | |||||
| Total # of Homes for Sale | 376 | 339 | 363 | 342 | 313 |
| Singel Family Homes | 376 | 338 | 356 | 335 | 306 |
| Short Sale/REO | 50% | 87% | 90% | 73% | 74% |
| Price Range | $159-$2.8 | $199-$2.85 | $129-1.65 | $99-1.6 | |
| CONCORD | |||||
| Total # of Homes for Sale | 837 | 676 | 724 | 728 | 628 |
| Single Family Homes | 569 | 448 | 473 | 491 | 396 |
| Short Sale/REO | 42% | 87% | 60% | 55% | 63% |
| Price Range | $249-$1.6mil | $164-$3.5 | $199-$3.6 | $185-3.6 | $170-1.375 |
| MARTINEZ | |||||
| Total # of Homes for Sale | 285 | 192 | 216 | 217 | 215 |
| Single Family | 285 | 192 | 165 | 168 | 170 |
| Short Sales/REO | 15% | 53% | 48% | 36% | 31% |
| Price Range | $250-$2.8 | $250-$2.2 | $139-$2.7 | $118-4.5 | $119-4.5 |
| PLEASANT HILL | |||||
| Total # of Homes for Sale | 285 | 192 | 143 | 128 | 135 |
| Single Family | 285 | 192 | 105 | 99 | 108 |
| Short Sale/REO | 15% | 53% | 23% | 25% | 30% |
| Price Range | $250-$2.8 | $250-$2.2 | $259-1.5 | $318-1.5 | $279-949 |
| WALNUT CREEK | |||||
| Total # of Homes for Sale | 181 | 258 | 292 | 327 | 310 |
| Single Family Homes | 181 | 122 | 152 | 178 | 179 |
| Short Sale/REO | 5% | 10% | 8% | 7% | 15% |
| Price Range | $550-$1.5 | $$475-$3.5 mil | $479-$3.5 | $449-3.5 | $379-3.4 |
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