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Antioch, CA. Real Estate Market Trends

Welcome to Antioch CA Real Estate and General Information

Antioch is located along the San Joaquin-Sacramento River Delta in Contra Costa County, California, US. It is a suburb of San Francisco and Oakland with a growing population of 100,586 which has continually increased over the past few decades. Founded in 1850, Antioch is one of the oldest towns in the state. Nine years later in 1859 coal was discovered in the area creating a huge new booming industry. One of community's assets is it close proximity to San Francisco and Oakland. This provides an easy commute for work. Two of Antioch's main forms of public transportation are the Antioch-Pittsburg Amtrak station and Tri-Delta Transit.

There were a total of 270 closed residential home sales from October 1st to October 31st in 2008 compared to 43 in October 1st to October 31st of 2007. The average selling price for that period was $222,903 compared to an average selling price of $348,456 for the same period in 2007, a percentage drop of 36%. The median selling price was $225,300 compared to $360,000 for the same period in 2007, a percentage drop of 37%. The average number of days a house was on the market was 52, compared to 96 days for the same period in 2007, almost half the time. Currently there are 878 homes on the market, and it's a great time to buy.

Antioch CA real estate remains abundant and more affordable than ever compared with other parts of the Bay Area. In the month of September 2008, the average sale price in Antioch CA was $214,246 compared to September 2007 average sale price of $340,190. WOW that's a difference of $125,944 drop in average sales price from last year. Prices have dropped 37 percent from the same period last year and over 50 percent from 2 years ago. There has been a slight increase in average sales price of $8,657 in October of this year compared to last September.

There are still many real estate deals to be had and lots of homes for sale in Antioch, but you need a local market expert to help you. Rick and Joyce Tietz are long time residents and are experienced real estate professionals who have more than 10 years of home buying and selling experience between them, overseeing more than $10,000,000 of real estate transactions. For true local and knowledgeable service in the Antioch CA real estate market, contact Rick and Joyce Tietz at (925) 628-5105.

Posted Tuesday Nov 11