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Discovery Bay, CA Real Estate News

By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Buying a Home in Discovery Bay! Buying a Home in Discovery Bay is an exciting opportunity. Discovery Bay is the recreation community in East Contra Costa County featuring many water front homes with deep water docks, golf course homes, and gated communities.  However there are also affordable homes available too. Right now there are 69 homes available if you are looking at Buying a Home in Discovery Bay. The Average Asking price is $537,717.00 or $182.00 per SF. In January 18 homes sold in Discovery Bay and 19 sold in February with an average price per SF or $140.00.  Discovery Bay is an eclectic market with a small number of sales so sales figures vary widely from month to month. For those Buying a Home this is a good time with low prices and low interest rates. The Supply of Homes in ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Investment Properties Discovery Bay Right now Investors are picking up bargains Investment Properties in Discovery Bay and the Best Buys in Discovery Bay are Bank Owned Homes. The number of Bank Owned Homes in Discovery Bay is falling off and now represents less than 1/5 of the market. However, this is still a substantial portion of the real estate market. Right now the average asking price for homes in Discovery Bay is $174.00 per SF but the average asking price for Bank Owned Homes is $118.00 per SF. This is a big savings, although many Bank Owned Homes may need some work. If repairs needed on these Bank Owned Homes they are minor and the Real Estate Investor stills saves money on these Investment Properties. You can obtain some of these Investment Properties with as little as 10% Dow...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
HAFA to Speed Short Sales in Discovery Bay? Every month I prepare detailed reports on Short Sales in Discovery Bay. If you want more details on the Short Sale market reports or other market reports in Discovery Bay or other markets you can e-mail me directly. The numbers on Short Sales go up and down some from month to month but one thing remains consistent about Short Sales - They are not selling as fast as they should! Right now in Discovery Bay there are 23 Short Sale Homes on the market representing over 1/3 of the Discovery Bay real estate market. Currently there are 65 Pending Short Sale Homes in Discovery Bay, however there were only 10 Short Sales in December and 7 Short Sales in January in Brentwood California 94513. This is actually a good closing rate for Short Sales compared...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Homes for Sale Discovery Bay Homes for Sale in Discovery Bay are some of the most Luxuries in Contra Costa County, and yet there are also afordable starter homes. This report looks at Single Family Homes for Sale in Discovery Bay. Right now there are 64 Homes for Sale in Discovery Bay. The asking price on these homes averages $500,029.00 or $174.00 per SF. The prices on Homes for Sale in Discovery Bay went up in January, while total number of sales stayed about the same. In December 19 Homes for Sale sold at an average price of $285,881.00 or an average or $112.00 per SF. However in January only 18 Homes for Sale in Discovery Bay sold at an average price of $349,361.00 or at about $130.00 per SF. I do not think the price changes for Homes for Sale in Discovery Bay represents a trend. I ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Bank Owned Homes in Discovery Bay California Right now many Real Estate Investors are buying up Bank Owned Homes. Bank Owned Homes are some of the best bargains for Real Estate Investors and traditional home buyers in years. This report looks at Bank Owned Homes in Discovery Bay California, by comparing the current active month with the sales from the last two months. Discovery Bay is an upper end recreational community; but there are still some quality Investment Properties Available. This report only looks at Single Family Bank Owned Homes, not condos and townhouses. Right now there are only 4 Bank Owned Homes on the market in Discovery Bay priced at $169,900.00, $199,900.00, $239,900.00 and one very high end home priced at $655,000.00. The average price per SF is $115.00 and the home...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Short Sales in Discovery Bay California Short Sales in Discovery Bay California are becoming the dominate part of the market. There are 20 Short Sale Homes on the Market in Discovery Bay California which is almost half of the active market. Only 11 Short Sale Homes closed escrow in Discovery Bay California in November and 9 Short Sale Homes closed escrow in December. What concerns me is that there are currently 64 Pending Short Sale Homes in Discovery Bay California. This means that at this rate it could take about 6 months to close that entire pending; assuming they were to all close. The asking price for Short Sale Homes is lower on an average cost per SF Basis ($124.00) than the average SF cost of all the homes on the market ($181.00). This may be partially because it is hard to get ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Homes for Sale Discovery Bay Homes for Sale Discovery Bay looks at single family home sales in Discovery Bay California over the last two months. Discovery Bay is the recreational community in East Contra Costa County featuring homes with deep water docks, golf courses, and water sports.  It has some of the finest homes in Contra Costa County. Right now there are 64 Homes for Sale Discovery Bay. The Average Asking Price is $517,380.00 and a median price of $326,950.00. This is an average price per SF of $181.00 and the homes have been on the market an average of 89 days. In November 31 Homes for Sale Discovery Bay Sold for an average price of $296.074.00 and a median price of $262,000.00. This was an average of $113.00 per SF and they spent an average of 57 days on the market. In Decemb...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Short Sales in Discovery Bay Short Sales have become the dominate part of the market. You cannot ignore what is going on with Short Sales. I expect that in 2011 Banks will begin to ease and speed up the Short Sale process. This report looks at Single Family Homes that are Short Sales in Discovery Bay by comparing the Active Market to the Pending Short Sale Market and the Short Sales for the last two months. There are 18 Active Short Sales in Discovery Bay on the market now with an average asking price of $298,791.00 and a median price of $287,450.00. These Short Sale Homes are listed at an average or $116.00 per SF and have been on the market an average of 70 days. In November 11 Short Sales in Discovery Bay closed escrow with an average price of $330,400.00 and a median price of $281,0...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Deep Water Dock Homes in Discovery Bay Deep Water Dock Homes practically define Discovery Bay, not that all of the homes have Deep Water Docks, but the biggest draw of Discovery Bay is living on the water in a luxury community dedicated to recreational living. Discovery Bay may be a recreational community, but it is within driving distance/commute distance of most of the Bay Area.  It also has golf course homes, gated communities, and homes on private lakes.  However, the Deep Water Dock Homes are the premier homes in Discovery Bay. Better than that right now is the best time to buy a Deep Water Dock Home, because no one is thinking about water sports right now and the competition is minimal; prices are better. Right now there are 23 Deep Water Dock Homes for sale in Discovery Bay.  The...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Bank Owned Homes in Discovery Bay Bank Owned Homes have dominated the market for the last couple of years. At this time Short Sales may be more prevalent, but as banks begin to unload inventory we may see more and more Bank Owned Homes on the Market. (Click Here for Free Report on Bank Owned Homes!) This report looks at market trends of Single Family Bank Owned Homes in Discovery Bay - by looking at the current market and comparing it with sales of Bank Owned Homes in November and October. Right now there are 11 Bank Owned Homes in Discovery Bay on the market with an average asking price of $409,527.00 and a median asking price of $323.400.00. The average asking price per SF is $140.00 and they have been on the market an average of 48 days. In November 8 Bank Owned Homes in Discovery Ba...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Homes for Sale Discovery Bay The Market Report looks at Single Family Homes for Sale Discovery Bay by comparing the current market with sales for the last two months. Right now there are 63 Homes for Sale Discovery Bay, with an average asking price of $415,929.00 and a median price of $345,000.00. The average asking price per SF is $162.00 and the homes have spent an average of 83 days on the market. In November 29 Homes for Sale Discovery Bay sold for an average price of $302,837.00 and a median price of $262,000.00. This is an average price per SF of $135.00 and the homes were on the market for an average of 55 days. In October 25 Homes for Sale Discovery Bay sold for an average price of $345,236.00 and a median price of $310,000.00. This is an average sold price of $134.00 per SF and...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Bank Owned Homes 94505 - 94514 Bank Owned Homes have dominated the market for the last couple of years. At this time Short Sales may be more prevalent, but as banks begin to unload inventory we may see more and more Bank Owned Homes on the Market. (Click Here for Free Report on Bank Owned Homes!) This report looks at market trends of Single Family Bank Owned Homes 94505 - 94514 - Discovery Bay California - by looking at the current market and comparing it with sales of Bank Owned Homes in September and October. Right now there are 13 Bank Owned Homes 94505 - 94514 on the market with an average asking price of $463,660.00 and a median asking price of $409,000.00. The average asking price per SF is $154.00 and they have been on the market an average of 41 days. In September 8 Bank Owned H...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Short Sales 94505 Short Sales have become the dominate part of the market. You cannot ignore what is going on with Short Sales. This report looks at Single Family Homes that are Short Sales 94505 - Parts of Discovery Bay California by comparing the Active Market to the Pending Short Sale Market and the Short Sales for the last two months. There are 10 Active Short Sales 94505 on the market now with an average asking price of $274,540.00 and a median price of $295,250.00. These Short Sale Homes are listed at an average or $100.00 per SF and have been on the market an average of 38 days. In September only 1 Short Sales 94505 closed escrow one for $312,000.00 at $94.00 per SF and had been on the market 10 days. In October there were 6 Short Sales 94505 with an average price of $296,166.00 ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Short Sales 94514 Short Sales have become the dominate part of the market. You cannot ignore what is going on with Short Sales. This report looks at Single Family Homes that are Short Sales 94514 - Parts of Discovery Bay California by comparing the Active Market to the Pending Short Sale Market and the Short Sales for the last two months. There are 26 Active Short Sales 94514 on the market now with an average asking price of $321,988.00 and a median price of $272,000.00. These Short Sale Homes are listed at an average or $131.00 per SF and have been on the market an average of 77 days. In September only 2 Short Sales 94514 closed escrow one for $240,000.00 at $99.00 per SF and had been on the market 21 days. The other sold for $268,000.00 at $133.00 per SF and had been on the market 26 ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Homes for Sale 94514 and 94505 The Market Report looks at Single Family Homes for Sale 94514 and 94505, which is Discovery Bay, by comparing the current market with sales for the last two months. Right now there are 84 Homes for Sale 94514 and 94505 with an average asking price of $521,613.00 and a median price of $349,975.00. The average asking price per SF is $186.00 and the homes have spent an average of 85 days on the market. In September 21 Homes for Sale 94514 and 94505 sold for an average price of $368,663.00 and a median price of $336,900.00. This is an average price per SF of $134.00 and the homes were on the market for an average of 28 days. In October 24 Homes for Sale 94514 and 94505 sold for an average price of $345,870.00 and a median price of $312,500.00. This is an avera...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Investment Properties 94505 Investment Properties 94505 - Discovery Bay are some of the best opportunities for investors in California. Discovery Bay lies in the Sacramento-San Joaquin Delta where they two rivers come together and flow towards the San Francisco Bay. Homes in this community are affordable but get good rents for the money. Discovery Bay is a recreation community centered on water front homes, water sports and golf, but it also has an eclectic collection of homes and affordable housing Investment Properties 94505 are in demand for these reasons and more. Right now with prices and interest rates low it is time for Investors to buy Investment Properties 94505 - Discovery Bay. For the first time Investor there are a number of fine Single Family Homes, Condos, Townhomes, and I...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Search MLS Homes 9450510/31/2010
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Discovery Bay Short Sales Short Sales have become the dominate part of the market. You cannot ignore what is going on with Short Sales. This report looks at Single Family Homes that are Discovery Bay Short Sales by comparing the Active Market to the Pending Short Sale Market and the Short Sales for the last two months. There are 34 Active Discovery Bay Short Sales on the market now with an average asking price of $323,611.00 and a median price of $302,450.00. These Short Sale Homes are listed at an average or $128.00 per SF and have been on the market an average of 64 days. In September 3 Discovery Bay Short Sales closed escrow with an average price of $273,333.00 and a median price of $268,000.00. The average price per SF on the Short Sales was $108.00 and the homes were on the market ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Discovery Bay Bank Owned Homes Bank Owned Homes have dominated the market for the last couple of years. At this time Short Sales may be more prevalent, but as banks begin to unload inventory we may see more and more Bank Owned Homes on the Market. (Click Here for Free Report on Bank Owned Homes!) This report looks at market trends of Single Family Discovery Bay Bank Owned Homes by looking at the current market and comparing it with sales of Bank Owned Homes in September and August. Right now there are 11 Discovery Bay Bank Owned Homes on the market with an average asking price of $347,586.00 and a median asking price of $356,000.00. The average asking price per SF is $170.00 and they have been on the market an average of 35 days. In September 7 Discovery Bay Bank Owned Homes sold for an...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Discovery Bay Homes for Sale The Market Report looks at Single Family Discovery Bay Homes for Sale by comparing the current market with sales for the last two months. Right now there are 84 Discovery Bay Homes for Sale with an average asking price of $531,892.00 and a median price of $399,900.00. The average asking price per SF is $192.00 and the homes have spent an average of 72 days on the market. In September 18 Discovery Bay Homes for Sale sold for an average price of $373,274.00 and a median price of $325,950.00. This is an average price per SF of $137.00 and the homes were on the market for an average of 30 days. In August 24 Discovery Bay Homes for Sale sold for an average price of $316,125.00 and a median price of $304,500.00. This is an average sold price of $118.00 per SF and ...
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