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 June and July.
Right now there are 13 Discovery Bay Bank Owned Homes on the market with an average asking price of $333,600.00 and a median asking price of $270,000.00. The average asking price per SF is $132.00 and they have been on the market an average of 20 days.
In July 7 Discovery Bay Bank Owned Homes sold for an average of $286,828.00 and a median selling price of $310,000.00. They sold for an average of $90.00 per SF and were on the market for an average of 19 days.
In June sales were higher and this is probably due to the scheduled deadline of June 30 for the Federal First Time Buyer Tax Credit. Discovery Bay is a small and eclectic market too; which makes trends hard to spot. There were a total of 13 Discovery Bay Bank Owned Homes sold for an average of $295,976.00 and a median selling price of $295,000.00. They sold for an average of $114.00 per SF and were on the market for an average of 30 days.
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