Living in Contra Costa County: California: Discovery Bay

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.

We would like to help you with your Bank Owned Home purchase. Please get our Free Report on Bank Owned Homes and let us know what we can do to help you.

Discovery Bay Short Sales

Short Sales are becoming the dominate part of the market. You cannot ignore what is going on in with the Short Sale Market.

This report looks at Single Family Home 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 33 Discovery Bay Short Sales on the market now with an average asking price of $352,775.00 and a median price of $325,000.00. These Short Sale Homes are listed at an average of $138.00 per SF and have been on the market an average of 61 days.

In July 7 Discovery Bay Short Sales closed escrow with an average price of $373,285.00 and a median price of $360,000.00. The average price per SF on the Short Sales was $145.00 and the homes were on the market for an average of 64 days.

In June Short Sales were brisker, probably due to the anticipation of the deadline on the First Time Home Buyers Tax Credit on June 30. A total of 12 Discovery Bay Short Sales closed escrow in June with an average price of $307,685.00 and a median price of $276,250.00. For Short Sales this is an average price per SF of $120.00 and on average they spent 29 days on the market.

Right now there are 24 Pending Discovery Bay Short Sales with an average list price of $309,152.00 and a median list price of $289,500.00. These Short Sales were on the market for an average of 26 days and had an average list price of $120.00 per SF.

There are too few sales to say there are any trends at this point. However, what is of concern is the number of Pending Short Sales compared to the number of Short Sales that actually happen. The Short Sale process is supposed to be stream lined, but it does not seem to be picking up.

What does this mean for people buying or selling a Short Sale? It means you better get a Realtor®/Broker who has an SFR (Short Sale and Foreclosure Resource Trained) Designation from the National Association of Realtors®. You should also down load or Free e-book that Tells You What You need to Know about Short Sales.

Please Contact me directly with any questions regarding Short Sales or other Real Estate issues.

Discovery Bay Homes for Sale

This market report looks at Discovery Bay Homes for Sale. The focus is Single Family Homes for Sale. The report compares current Discovery Bay Homes for sale to homes sold in June and July.

Right now there are 92 Discovery Bay Homes for Sale with an average price of $546,532.00 and a median price of $444,450.00. The average price per SF is $195.00 and these homes have been on the market an average of 72 days.

In July 20 of the Discovery Bay Homes for Sale sold with an average price of $355,610.00 and a median price of $352,50.00. The average price per SF was $130.00 and the homes spent an average of 43 days on the market.

In June 31 of the Discovery Bay Homes for Sale sold with an average price of $323,158.00 and a median price of $285,000.00. The average price per SF was $120.00 and the homes spent an average of 30 days on the market.

The reason June appears better in terms of the number of sales is there was a big rush to purchase and close on homes in June due to the end of the Federal and State Tax Credit. Although I expect business to fall of a little with the end of the tax credits there should be a bonus back in August. Even based on July sales we still have about a 3 month supply of homes.  Prices where up in July, But Discovery Bay Homes for sale represent a diverse and eclectic area with entry level homes, golf course homes, homes with deep water docks, and gated communities.  So I few high end sales can skew the figures from month to month.

If you are interested in Discovery Bay Homes for Sale or interested in buying or selling elsewhere I would like to offer you quality service as your Broker and Realtor®.

Discovery Bay Bank Owned Homes

This Report looks at Discovery Bay Bank Owned Homes by comparing the current active market in Single Family Bank Owned Homes to Bank Owned Homes sold in June and May.

As of this report there are 10 Single Family Bank Owned Homes for sale in Discovery Bay with an average asking price of $318,166.00 and a median price of $330,900.00. This is an average price per SF of $129.00 and these homes have been on the market an average of 44 days.

In June 13 Bank Owned Homes sold in Discovery Bay for an average price of $295,976.00 and a median price of $295,000.00. These homes sold for an average of $114.00 per SF and spent an average of 30 days on the market.

In May 11 Bank Owned Homes sold in Discovery Bay for an average price of $309,272.00 and a median price of $286,600.00. These homes sold for an average of $119.00 per SF and spent an average of 27 days on the market.

The number of Bank Owned Homes on the market continues to shrink but prices are remaining fairly steady. Bank Owned Homes can be great buys for the consumers. Click here for a Free Report on 15 Facts About Buying a Bank Owned Home.

I have earned the SFR (Short Sale and Foreclosure Resource) from the National Association of Realtors and would like to help you find your Bank Owned Home as your Broker and REALTOR® by providing you with great service.

Discovery Bay Short Sales

This report looks at Short Sales in Discovery Bay by looking at the Active, Pending, and recent Short Sales of Single Family Homes in Discovery Bay.

Right now there are 24 Short Sale Homes on the market in Discovery Bay with an average price of $346,483.00 and a median price of $312,200.00. These homes are priced at an average of $127.00 per SF and have been on the market for an average of 55 days.

There are 80 Pending Short Sales with an average price of $317,213.00 and a median price of $290,000.00. This is an average price of $124.00 per SF and these homes have been on the market 31 days on average.

In June 12 Short Sale Homes Sold in Discovery Bay with an average price of $307,685.00 and a median price of $276,250.00. The average price per SF was $121.00 and the homes spent an average of 30 days on the market.

This compares to May with 14 Short Sale Homes sold for an average price per SF of $368,021.00 and a median price of $279,500.00. These homes sold for an average of $142.00 per SF and spent an average of 33 days on the market.

Short Sales are the dominate part of the market. New Federal Guidelines are supposed to speed the Short Sale process, however, at the current rate of closings it would take over 6 months to clear the current pending inventory of Short Sales.

If you need to sell a Short Sale home click here to get the Free Book on 19 Things You Need to Know to Short Sale Your Home or if you are looking to buy a Short Sale get the Free Book on 15 Things you need to Know about Buying a Short Sale Home.

I have an SFR Designation form the National Association of REALTORS® which is a Short Sale and Foreclosure Resource Certification. I would like to help you with your Short Sale Transactions.

Discovery Bay Investment Properties

Discovery Bay Investment Properties are good opportunities for both Investors and home buyers. Investment Properties in Discovery Bay offers some unique features, including:

• These Investment Properties are economical properties in the heart of one of California's major recreational areas. Discovery Bay and East Contra Costa County has some of the best prices on quality housing in Contra Costa County.
  
  
• Discovery Bay is an upscale recreational community in East Contra Costa County. However, it is also a year around home to many residents.  The motto for the community is Live and Play in Discovery Bay!
  
  
• Discovery Bay is an eclectic community with many upscale homes, but it also has affordable entry level homes.
  
  
• Many Discovery Bay homes offer deep water docks so you can boat and fish right in your own backyard.
  
• Discovery Bay has many newer homes, many of them large including 4000 SF plus homes. There are gated communities and golf course homes.
  
  
• Discovery Bay features many fine neighborhood parks.
  
  
• Discovery Bay is in the heart of the Sacramento San Joaquin Delta offering some of Americas Finest Boating and Fishing.

If you are interested in Investment Properties Click Here to get our Free Book of Real Estate Investing.

If you are looking for Investment Properties or if you need to buy or sell a home I would like to offer you great service as your Realtor and Broker. Please give me a call.

Homes for Sale in Discovery Bay

This report looks at Single Family Homes for Sale in Discovery Bay and compares the current market of Homes for Sale to sales of Homes for Sale in May and June.

Right now there are 80 Homes for Sale in Discovery Bay, last month there were 78 Homes for Sale in Discovery Bay. The average price of the Homes for Sale is $610,087.00 and a median price of $499,450.00. The average asking price per SF is $213.00 and these Homes for Sale have been on the market an average of 71 days.

However, 12 of the Homes for Sale in Discovery Bay are priced over $1,000,000.00. The value of these homes is often set by deep water dock and golf course homes. There are 68 Homes for Sale priced under $1,000,000.00. The average price of these Homes for Sale is $497,132.00 and the median price is $449,742.00. This is an average price per SF of $194.00 and these homes have spent an average of 61 days on the market.

In June 28 Homes for Sale in Discovery Bay sold for an average price of $328,472.00 and a median price of $287,500.00. The average price per SF was $120.00 and the Homes for Sale were on the market for an average of 30 days.

In May 34 Homes for Sale in Discovery Bay for an average price of $366,391.00 and a median price of $314,000.00. The average price per SF was $149.00 and the Homes for Sale were on the market for an average of 27 days.

Prices and the market of Homes for Sale in Discovery Bay fluctuate due to the eclectic nature of the neighborhoods. With little less than a three months supply of homes it is still a sellers market.

If you are interested in Homes for Sale in Discovery Bay or Homes for Sale in other areas, or need to sell I would like to provide you great service as your Realtor and Broker.

Discovery Bay Homes for Sale

This Report focuses on single family Discovery Bay Homes for Sale by looking at currently available Discovery Bay Homes for Sale and comparing them to sales of Discovery Bay Homes for Sale in April and May.

Right now there are 78 Discovery Bay Homes for Sale with an average price of $596,034.00 and a median price of $474,000. The homes have been on the market an average of 65 days and are priced at $207.00 per SF.

In May 31 Discovery Bay Homes for Sale sold for an average price of $358,558.00 and a median price of $305,000.00. The average price per SF was $140.00 and the homes spent an average of 26 Days on the Market.

In April there were 38 Discovery Bay Homes for Sale sold for an average price of $375,631.00 and a median price of $312,500.00. These homes sold for an average price of $170.00 per SF and where on the market for an average or 44 days.

Discovery Bay Homes for Sale are an eclectic group of homes, from nice low priced entry level homes, gated communities, Golf Course Homes, and the most Popular Type of Deep Water Dock Homes.  With the small number of sales a few higher priced homes in a month can have a big effect on the numbers.  With Summer coming Deep Water Dock Homes are increasingly popular.  It is still a hot sellers market with only about a 2 month supply of homes.

If you are interested in Discovery Bay Homes for Sale or Buying or Selling in other areas I would like to provide you with great service as your Broker and Realtor. Please give me a call.

Discovery Bay Homes for Sale

I ran the numbers last week on Discovery Bay Homes for Sale and the market is still very hot. There are 71 Discovery Bay Homes for Sale as of last week. The average price of the homes is $599,449.00 and the median price is $469,000.00. The average price per SF is $199.00 and they have been on the market 68 days.

In April 37 of the Discovery Bay Homes for Sale sold for an average price of $379,270.00 and the median price was $320,000.00 with an average price per SF of $170.00. Those homes spent an average of 45 days on the market.

In March Discovery Bay Homes for Sale sold lower with an average price of $301,375.00 and a median price of $280,000.00. The average price per SF however was slightly up at $120.00 per SF and they spent a average of 18 days on the market. There were only 82 sales.

Discovery Bay is an eclectic community and averages can be thrown off by one or two sales.  As summer approaches deep water dock home sales will pick up and drive up prices. If you are interested in Discovery Bay Homes for Sale contact me.

Discovery Bay Investment Properties

Discovery Bay Investment Properties offers fantastic opportunity for a good return on investment either from rents or buying and flipping. Discovery Bay Investment Properties are popular as it is an affordable community to live in offer great Investment Properties in all price ranges.

Discovery Bay is a very upscale East Contra Costa County Community and homes with Deep Water Docks can really drive the prices up but these too can be great Investment Properties. Right now there are 71 single family homes on the market in Discovery Bay with an average price of $599,449.00. However, if you are interested in Discovery Bay Investment Properties there are also opportunities not on the MLS.

I help people make money on Discovery Bay Investment Properties and Investment Properties in other areas. Click here for a Free No Nonsense Book on Real Estate Investing and to learn about Investing Opportunities.