Buying a Home in Antioch Ca – Three Things Impacting Price – Part 2
There are so many variables when Buying a Home it is hard to figure out how all the variables should impact the value of any one house.
These numbers are based on sales of Single Family Homes in Antioch in December 2011.
One thing that impacts the Price of an Antioch Home on a SF basis is the age of a home. Generally the older a home the less it will cost on a SF basis. Look at the attached Chart.
Now generally the older Antioch Homes on this chart would seem to be cheaper on a SF basis, but prices tend to drop of on a SF basis again for the newer Antioch Homes. That is because there are other variables and trends that also effects the price. Those two variables would be size and the type of sale. Older homes tend to be smaller (and therefore more expense on a SF basis) and many of the newer homes in this market are currently sold as Short Sales or Bank Owned (which tend to be cheaper). We have looked at those in the other post in this series.
Naturally other variables such as lot size, location, condition and such will also impact the Price of Antioch Homes For Sale. But when Buying a Home you need to understand that unit cost tends to go down for older homes.
Look at these fine Antioch Homes for Sale and give me a call at 925-260-4321.
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Hi Gene, Again interesting stats. As an engineer by training I love data and stats!