In-depth: The place can you discover homes for underneath $500,000 within the Bay Space?


 

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CONTRA COSTA COUNTY (KRON) — We’re all accustomed to listening to about houses costing $1 million or extra.

However is it nonetheless potential to seek out properties for lower than half-a-million dollars right here within the Bay Space?

Consider it or not, you possibly can nonetheless discover a residence that value beneath $500,000 within the Bay Space.

Nevertheless, actual property specialists say there are some things it is advisable to know.

“This specific home is near the golf course and away from Freeway four,” Coldwell Banker realtor Terry Baldwin stated. “This second home is off of Kirker Cross.”

Baldwin is displaying KRON4 a couple of East Bay houses priced within the $470,000 worth vary in Antioch.

“This one is listed at $470,000,” Baldwin stated. “It’s 2,478 sq. ft, a 3 bed room, two tub.”

One other residence on the market in Pittsburg is a 4 bed room and two-tub residence.

And one in Harmony is a 3 bed room, one-tub house with a slab flooring.

Baldwin says whereas there are houses like these available on the market, “stock is low, however this time of season, that is (the) greatest time to return out as a result of solely critical consumers are actually wanting.”

He says meaning perspective residence consumers will probably be much less more likely to discover themselves in main bidding wars, driving the price over $500,000.

Nevertheless, Baldwin says you’ll doubtless have some work to do.

Baldwin says you have to be able to do some repair-up work on the home.

Actual property specialists say there’s something else that Bay Space house consumers ought to be ready for if they’re on the lookout for a home that value underneath $500,000. That it’ll doubtless come will a really lengthy commute.

“Commute time essential,” Baldwin stated. “The place are you working now? The place will you be working two years from now, three years from now? That panorama is altering as a result of the commuting is so dangerous.”

One thing else that may influence the native actual property market is the fires in Santa Rosa.

“We’ve seen individuals from Santa Rosa in search of houses in Antioch,” Baldwin stated.

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