So How Strong is the San Francisco Bay Area Housing Market?

We all hear about the bounce back in the housing marketing sense the crash. Locally in Brentwood, Antioch, Discovery Bay, Oakley and Pittsburg for the most part we have not reached the point where the market had peaked. But our recovery here is very strong and I see a continued upward movement.

The California Association of Realtors (CAR) released an infographic showing the top 10 Metro Areas recovering. No surprise to me but two of them are here in the Bay Area, the San Francisco and San Jose market. And they are not crawling in under the wire but coming in at number 2 and 4 with prices now 10% and 4% over the peak prices before the crash. Take a look

Now Here in Contra Costa County we are not in that Metro Area for the purpose of the survey, nor have a seen us bounce back that much yet; especially in East Contra Costa County. But what happens in those markets, especially San Francisco drives our market. People move out from San Francisco into the East Bay as housing becomes more expensive and those ripples are felt all the way out here in Brentwood, Antioch, Oakley, and Discovery Bay. In fact I think soon we will be surging faster than them on price.

What does this mean. Well just another reason why now is a great time to buy a home for people looking for a place to live or for Investors. Interest rates are at an all time low, prices continue up with no end in site, and many people believe we are heading towards even worse inflation.

Home Point Real Estate is located in Brentwood Ca and provides service to the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond. Give us call regarding Buying a Home, Selling a Home, or Real Estate Investing. Want to learn more?