Best Time to buy a home in four years! Learn how to buy under market value.

By
Real Estate Agent with Windermere Diablo Realty

 

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

Comments (1)

Angela Martinez
Windermere Diablo Realty - Walnut Creek, CA
This class continues to get excellent reviews from participants.
Feb 26, 2008 09:05 AM