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Antioch California Home Prices – September 2016

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

Antioch California Home Prices – September 2016

Antioch California Home Prices continue to soar and confirm what I have felt about Antioch's gentrification. Antioch was hit hard by the housing slump, but is now turning into a high demand community. There are a number of reasons for this, but basically Antioch has always been a great community with a great basic infrastructure; lots of nice parks, newer homes, newer schools, revitalized downtown, excellent freeway access. The widening of Highway 4 and the new E-Bart Extension help make Antioch a Great Place to live.

Antioch CA Home Prices

 

Let's look at Single Family Home Prices in Antioch CA for the past year.

 

PERIOD

#

HIGH

LOW

AVERAGE

DOM*

PPSF**

Oct – Dec 2015

335

$620,000.00

$156,274.00

$335,571.00

26

$193.36

Jan – March 2016

264

$620,000.00

$143,000.00

$370,573.00

25

$198.16

April – June 2016

351

$655,000.00

$120,000.00

$382,060.00

17

$207.95

July – 9/19/16

265

$7,445,00.00

$170,000.00

$380,222.00

17

$217.02

Active 9/19/16

142

$635,000.00

$179,000.00

$414,829.00

27

$211.01

* Days on Market (Average) ** Price Per SF (Average)


Antioch Home Prices
continue an upward trend. Prices are up about 14% over last year. What I find interesting is the average asking price per SF is now less than the actual PPSF for sales so far this quarter. Inventory is at less than 60 days. This is a hot sellers market. Compare this to Brentwood Price Increases over the same period; both markets are hot, but Antioch is on fire and continues to head up. This is of course due to quality affordable homes in Antioch that offer great future appreciation.

Right now many investors who bought rental properties in Antioch are now selling off their investments and taking their profits. This means many fine homes are going onto the market and Antioch is once again becoming a community of Home Owners.

Home Point Real Estate is Located in Brentwood CA and provided Real Estate Services to the East Contra Costa County communities of Brentwood, Oakley, Antioch, Discovery Bay, Bay Point, Pittsburg, Bethel Island, Byron and beyond; working with Buyers, Sellers and Investors.

 

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