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Median Sales Prices Continue to Drop in Antioch, California

October 6, 2008

The latest reports from Trulia.com show that median sales prices for Antioch are still trending downward. It appears that the current market prices are similar to those in 2000.

Antioch median sales prices
Antioch Recently Sold Homes

Number of sales has climbed steadily this year with a slight easing in September.

Number of sold homes in Antioch
Antioch Recently Sold Homes

 

We can make a lot of assumptions from the graphs above, but it is still difficult to forecast what the next few months will bring. Just from my observations, investors are continuing to take advantage of the bargain prices, no only in Antioch, but in surrounding communities.

First time home buyers are also getting off the fence, taking a serious look at what is available to them.

My advice? Don’t sell right now unless you have to or have owned your home for over 10 years. If you must sell, make sure you are aware of the competition in your neighborhood. Click Here for Your Free MLS Market Snapshot to find out what your home is worth right now.

If you are considering buying, get your finances straight, speak with a lender (I can recommend a great one for you if you need), and gather as much information as you can about the homes in the neighborhood you are interested in.

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One Comment leave one →
  1. November 6, 2008 11:35 am

    Are there specific neighborhoods(as in all cities) that have beat the trends?

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