Question: How is the market in Antioch, Ca? Answered by Libby Guthrie
Hi, I’m Libby Guthrie with Keller Williams Realty in Northern California. And I’m going to talk today about the statistics for the city of Antioch, California. And what’s going on in the market as of today.
It’s September 2019, we’re approaching the end of the third quarter. And as of today, there are a hundred and sixty-seven homes on the market active in Antioch, and these are resale homes. These are not new homes. These are resale homes.
That compared to what the population of Antioch is it which is approximately a hundred and twelve thousand that shows you that there’s not a whole lot of homes on the market for this population. Of those hundred and sixty-seven homes that are on the market today the average days on the market are 34 days.
And there are pending sales right now of a hundred and thirty-nine homes on the market in Antioch with average days on Market of 35 days. The homes that have sold in the last 30 days, there have been a hundred and twenty-eight homes that have sold in the last 30 days. And the average days on market for those homes were 22 days.
So what does that tell me? It tells me that the homes are staying on the market longer than they did say a couple of months ago. So let’s look at the sales price and the list price. The average medium list price of the homes on the market right now is approximately $469,900. Their original list price was $475,000.
So that tells me that they have had to reduce their prices a bit and it’s still on the market. Of the homes that sold in the last 30 days, the average list price was $468,000 with the average sales price of $473,500. So that tells me that the homes that sold, thirty days ago, were getting a little bit more than they were asking.
So the market is Shifting just a little bit right now is the sky falling. I don’t think so. But you do need to price your home accordingly and look at the statistics and see what’s going on with the market right now. Because that will tell you what’s going to be coming down the pipeline.
And so don’t necessarily think that just because things sold higher a few months ago that your home is going to possibly sell much higher.
We’re not seeing the multiple offers like we were before but again, the market is still strong. The interest rates are good. And it’s a good time to sell your home.
So if you have any questions regarding selling your home, I’d be happy to help you out. My phone number is 925-628-2436
Do you have questions about buying or selling a home? Leave your question in the comments below and I’ll do my best to answer them, or call me at 925-628-2436 and I’ll be glad to help!