Discovery Bay Home Prices – September 2016

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

Discovery Bay Home Prices – September 2016

Discovery Bay Home Prices continue on an upward trend, but not as fast as other East Contra Costa Communities. This is probably because Discovery Bay Homes represent the most expensive community in East Contra Costa County and right now the market is being driven from the bottom and the middle. However, there are still affordable homes in Discovery Bay and they are selling fast.
Discovery Bay Homes

Discovery Bay is an eclectic community with many different types of homes. The most popular being homes with Deep Water Docks or Delta Water Front Properties; but there are also homes in The Lakes at Discovery Bay, Country Club, and many other Discovery Bay communities.

 

Let's look at Home Prices in Discovery Bay for the past year.

 

PERIOD

#

HIGH

LOW

AVERAGE

DOM*

PPSF**

Oct – Dec 2015

81

$1,380,000.00

$285,000.00

$569,995.00

43

$227.08

Jan – March 2016

76

$2,750,000.00

$282,000.00

$597,605.00

48

$236.00

April – June 2016

96

$1,138,000.00

$289,000.00

$551,746.00

26

$250.75

July – 9/26/16

83

$1,458,000.00

$321,000.00

$592,359.00

38

$249.09

Active 9/26/16

57

$4,399,000.00

$419,000.00

$806,180.00

85

$289.71

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


Discovery Bay Home Prices
bounce up and down a little bit, but the trend is still upward. Obviously the lower end homes are selling much faster than the higher end homes and those prices are going up faster. With the relative small number of home sales in the market trends can vary. Inventory is about 60 days. This is a hot sellers market.

 

I expect Discovery Bay Home Prices to continue to rise as it is a very affordable recreation community. Certain Market Segments, like Deep Water Dock Homes in Discovery Bay, tend to drive the high end of the market and those homes are more in demand as the weather warms.

 

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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