are any homes in richmond country club ca area homes price going to drop soon?

Asked by Diana, 94806 Sat Nov 7, 2009

in nov ,dec

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Dave Sutton, Agent, Portland, OR
Sat Nov 7, 2009
There are seven homes in the MLS area of Richmond Country Club, ranging from a 720 SqFt 2-BR, 1-BA for $79,000 to a 3000 sqFt 5-BR 4-BA for $499,500.

There is every indication that home prices in California have already hit bottom. That does not mean every neighborhood but in 94806 the October median price of $190,000 was, except for August's $195,000, the highest since June of 2008, up from a 13-month low in June of $135,000.

Also, October's average 41 days on the market for sold homes is the lowest in the last 13 months. Draw your own conclusions but those seem to me to present a strong case for being past the bottom of the market.

If you want data on other zips or areas, shoot me an email and I'll provide it.

Dave Sutton
Windermere Walnut Creek
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