SmartZip Antioch Top 10 Real Estate Investment Market Report July 2009

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    SmartZip Antioch Top 10 Real Estate Investment Market Report July 2009 - Presentation Transcript

    1. TM July 2009 | www.SmartZip.com ANTIOCH, CA Overview Key Investment Metrics The city of Antioch, known as the Gateway Average SmartZip Score™ 71 Growth to the Delta, is located on the banks of the 62 Income San Joaquin River in Northern California. Average Market Value: $241,747 It is situated in Contra Costa County, about 45 miles east of San Francisco, 50 miles $135 per Sq. Ft. west of Stockton, and 60 miles southwest of 10-Year Proj. Appreciation: 49% Sacramento. Average Monthly Rent: $1,854 The City’s location gives it access to Average Cap Rate: 4.5% employment opportunities in the three School Rating (10 is best): 8 larger cities, and easy access to Bay Area attractions, museums, and community activities. The city has a municipal marina Local Expert Insights and two public fishing piers, as well as • As of June 28, there were 259 homes for sale (2% private marinas, boatyards, and yacht clubs. short sale, 31% foreclosure) A planned 10 mile expansion of BART (Bay • Prices are 50-60% of where they were at the peak, Area Rapid Transit) from nearby Pittsburgh/ and have now stabilized at close to the bottom Bay Point, will make Antioch even more accessible to San Francisco. • Inventory has been steadily decreasing over the last year due to the moratorium on foreclosures, but expect inventory to rise On the Map • Prices have been fairly stable as a result of the decrease in supply and homes priced less than $250k have actually seen prices rise as they cash flow positive • Expect prices to remain at depressed levels for at least another year or two • The average time for a listing to move from active to pending is only 7 days, but it takes 45 days to move to sold because of a slow short sale process
    2. Antioch, CA Heat Maps Growth SmartZip Score™ Job Growth Investment Market Comparison About the Top 10 Markets The SmartZip Top 10 Markets™ is a featured list of the top rated markets hand-picked by our panel of investment analysts. Candidates for the list are identified using our proprietary SmartZip Score™ ratings averaged across the Growth and Income investment strategies. Learn more at www.SmartZip.com www.SmartZip.com | ©2008-2009 SmartZip, Inc. All rights reserved.
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