Discovery Bay Home Sales! Up Up and Away!

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

Sales are up Nationwide and they are definitely up in East Contra Costa County communities such as Discovery Bay.

Discovery Bay California is an exciting place to live and play in an upscale water front community. There are includes the original community and The Lakes at Discovery Bay California. The Lakes offers large upscale homes in a gated community surrounding two lakes with a 3rd lake on the way. These homes are newer homes with a uniform look. There are many great buys in the lakes at this time on Bank Owned Homes and others.

Near Highway 4 on the edge of Discovery Bay California there are nice large entry level homes. Again there are many exciting Bank Owned Buys in this community.

The original portion of Discovery Bay is an eclectic mix of homes through the lagoons and water ways of the Delta. Many homes offer deep water docks.

In January of 2009 19 homes sold in Discovery Bay California. The average price was $350,284.00 and a median price of $320,000.00. Of these only two had deep water docks and those homes sold for $530,000.00 and $695,000.00.

February 2009 offered a minor pick up in homes sales, but with a significant pick up of deep water dock homes and over all prices. Twenty-one homes sold in Discovery Bay California, with 6 having deep water docks. The average home price was $408,636.00 with a median price of $311,200.00. Deep water Docks accounted for 6 of the home sales. The deep water docks had an average price of $683,333.00 with a median price of $597,500.00. The deep water dock homes seem to be driving the average and median prices up.

Currently there are 108 homes on the market in Discovery Bay California. The average asking price is $567,062.00 and the median price is $391,950.00. Of those homes 41 have deep water docks. The average asking price of the deep water dock homes is $832,840.00 with a median price of $775,000.00. The number of homes for sale, and consequently the sales figures are both small, so any figures are subject to a rapid change. However, there is a 5 to 6 month supply of homes in Discovery Bay. This is more than other East Contra Costa Cities, but still not a large amount. I expect sales to pick up towards the summer. The number of Deep Water Dock homes was about 50% larger a year ago.

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