Now here’s a familiar trend in the Bay Area real estate market: Prices are up, while sales and inventory are down, down, down. And amidst a dwindling supply of homes for sale, many parts of the Bay Area have yet to feel the chill of a cool down in local housing prices. We here at Lifestyle Real Estate Services felt that market “heat” when we were given the opportunity to sell several homes in Antioch this year. The moral of the story? Antioch housing prices are still hot!
A beautiful property on Mallard Way was our introduction to the Antioch housing market in 2016. Nestled against the spacious Black Diamond Mines regional preserve, the 5-bed 2-bath home boasted a sweeping view of the San Joaquin Delta and a list of upgrades curated by Lifestyle’s design team. Materials were selected with a focus on clean, modern aesthetics that appeal to buyers and elevate our listings far above the “norm” —- all while remaining practical and affordable.
The results speak for themselves:
- At a time when the median sale price of similar homes in Antioch was $410,000, our listing debuted for $475,000.
- When similar homes were spending 26 days on the market, our listing went into contract in only 12 days.
- Our listing sold for $25,000 above the asking price.
Recently, real estate giant Trulia was one of several organizations to identify shrinking inventories in the housing market. According to the company’s chief economist, “Existing inventory in July dropped noticeably from the previous year, and, controlling for seasonality… is the lowest on record.” That inventory (or lack thereof) continues to sustain Antioch housing prices, where supply is down almost 50% from 2015.
What does this all mean to a homeowner in Antioch? Now is a critical time to sell your home—especially if you intend to capitalize on record-high housing prices and homebuyer demand while you still can.
So what are you waiting for? Don’t pay for design consultants, staging companies, and brokerages when Lifestyle Real Estate Services can provide you with all three for the cost of an ordinary real estate commission! We’re confident that our marketing plans and industry expertise will help you make the most of a good situation and start the next chapter of your life on the best of terms!