Shopping4properties
-
5/25/2006
Contra Costa County has a range of home prices between $485k to the multi-millions. The best price to value is in Antioch off HWY 4 adjacent to the Sacramento Delta Area at the convergence of the Sacramento and San Joaquin rivers. Good home purchases can be obtained in the $525k to $650k range. Some great buys in the 1993 to 1998 built homes. The drawback is commuter traffic on HWY 4. There are a few good wholesale purchases to be found if you have investment capital for kitchen and bath remodels, hardwood floor installation, and dual pane window installation. Most good remodels sell quickly when well priced.
We have experienced double digit appreciation for a number of years, 21 to 25%. Currently, there is a correction in the market and prices in most areas are experiencing close to 10% reductions to early 2005 pricing. It appears that the 2006 appreciation will stabilize between 9 to 11%. Other than remodeling the few wholesale properties, this is not a good investors market. For those of us who bought in the late 90's...got to love it!!!
Mark | Pittsburg, CA