Home Prices in Discovery Bay California – Trend November 2013

Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

Home Prices in Discovery Bay California – Trend November 2013

Discovery Bay California Homes #DiscoveryBayCaliforniaHomes are a great buy. Discovery Bay is the premium recreation community in Contra Costa County featuring Deep Water Dock Homes/Delta Water Front Homes #DeepWaterDockHomes #DeltaWaterFrontHomes.

Just Show Me the Homes Gene! I am Ready to Buy!

The question I get from people is, “What direction is the market heading?” “Are prices falling or continuing up?” Here is a chart showing Discovery Bay Home Prices #DiscoveryBayHomePrices and how they are trending for the past three months.

ACTIVE 80 $2,299,000 $309,900 $705,830 $564,450 $246.70
SOLD OCTOBER 20 $1,050,000 $287,000 $472,432 $425,950 $185.80
SOLD SEPTEMBER 17 $840,000 $292,000 $487,997 $417,000 $179.89
SOLD AUGUST 31 $660,000 $250,000 $411,257 $410,000 $160.91

As you can see from the chart prices are jumping all over the place. Average price and price per SF are trending up and I think this is the true direction. However, there are not a lot of sales each month and trends can swing easy. Prices tend to be higher in Discovery Bay than other east county communities, so sales are slower with lower end priced homes going faster.

Home supply is about 4 months, indicating a balanced market. But lower priced homes move fast.

Give me a call at 925-260-4321 to see Discovery Bay Homes for Sale #DiscoveryBayHomesForSale or E-Mail me directly. We also provide custom home evaluations – not a simple math formula, but a real evaluation with personal market knowledge.

By Gene Riemenschneider



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