Discovery Bay Foreclosure List, August 2010

August 23, 2010 by Tom Schieber
Filed under Blog, Featured Posts, Foreclosures, Market Update

Distressed sales and Foreclosures continue to make up the bulk of the Real Estate market in Discovery Bay, CA, but the total numbers of these properties are declining. While the economy continues its slow recovery, home prices in Discovery Bay appear stable to slightly soft, but many homeowners with negative equity are still faced with difficult decisionsions around their foreclosure alternatives. Short Sales are still a significant part of the market, but the best buys appear to be the bank owned foreclosure properties that come to market.

There are currently 115 homes in Discovery Bay that are in “auction” status, or the final stages of the foreclosure process. You can download the list of Foreclosure properties for free by clicking on the link below. These homes are all scheduled to go to a public Trustees Sale Auction at the Contra Costa County Courthouse within the next 30 days.

Additionally, there are at least another 89 properties in a pre-foreclosure state in Discovery Bay, most of which will be coming to market either as short sale or bank-owned listings shortly. In the last 30 days, there have been 13 properties that have gone back to the bank (will come to market as bank-owned/REO properties) and 5 homes that sold to 3rd party investors (most of which also come back on the market, after a quick rehab).

Call me today and let me know how I can help you – whether you’re looking to buy a foreclosure property as an investment, or just taking advantage of this market to find the perfect home for your family at the lowest prices in years (not to mention 4% interest rates!). I can also help you understand your options if you are considering foreclosure alternatives.

Click Here to Download August Free Discovery Bay Foreclosure List (76.2 KiB, 64 hits)