Discovery Bay California Market Report – August 2009

Discovery Bay California Market Report – August 2009

The Discovery Bay Market appears Continues to shoot up and is the highest priced market in East Contra Costa County.

This Discovery Bay Market Report Focuses on Sales in August of Single Family Homes as compared to Sales in July. The information is pulled for the MLS from between September 15th and September 18th. I will be presenting some Special Market Reports on certain Market Segments in Discovery Bay and other communities such as Short Sales, Bank Owned Home, First Time Buyers, and Higher End Homes in the near future.

In July of 2009 there were 33 Homes Sold in Discovery Bay California. The Average Price was $333,219.00 and a Median Price of $261,250.00. The Average Price Per SF in Discovery Bay California was $135.00 and the Average Days on Market was 79.

Compare July to August with only 24 Home Sales, but at an Average Price of $353,508.00 and a Median Price of $297,500.00. The figure I usually think is most important is Average Price Per SF and that is $139.00; about a 3% increase.

Currently there are only 56 Homes on the Market in Discovery Bay. The homes still on the Market have been on the Market for an Average of 108 days and have an Average List Price of $601,791.00 and a Median List Price of $457,500.00. The Average Asking Price Per SF is $215.00.

Discovery Bay is a dynamic market with a number of eclectic communities. Mush of this market is driven by high end luxury water front homes with deep water docks.

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