![]() ![]() The median price for a new home dropped to $415,400 in June, down from $416,300 the previous month. In some good news for buyers, prices of new homes dropped from May, the report showed. Boasting over 660 condos on 42 stories, Discovery Bay is a leasehold condominium (lease expires 2039) in the heart of Waikiki, across from the Marina. This four bedroom, 3 full-bathroom beauty was built in 2020 and is now available. Discovery Bay 1778 Ala Moana Blvd 1611, Honolulu. The Lakes Home for Sale: You can own one of the newest builds and largest lots in Discovery Bay's most-loved community, The Lakes. This increase in mortgage rates cooled mortgage applications. 9872 Key West Way, Discovery Bay, CA 94505-2676. ![]() ![]() Mortgage rates reached as high as 6.79% at the beginning of June, according to Freddie Mac, as uncertainty moved through the financial industry due to the debt ceiling standoff. Sales were higher than last June’s estimated rate of 563,000. Sales of new single‐family houses were at a seasonally adjusted annual rate of 697,000, down from a revised 715,000 in May. Sales of existing homes have been down for the past few months, while new home sales have been rising. Homeowners with ultra-low mortgage rates are reluctant to sell and buy another home at a much higher mortgage rate. June’s month-over-month pullback is further evidence that while the new construction market is being boosted by the exceptionally low inventory of existing homes for sale, affordability concerns remain. Sales of newly constructed homes were down 2.5% in June from May, although they were up 23.8% from a year ago, according to a joint report from the US Department of Housing and Urban Development and the US Census Bureau. WASHINGTON - New home sales dropped in June from the month before, even as buyers continued to rely on new construction as an alternative to the historically low supply of existing homes for sale. View 1545 homes for sale in Discovery Bay Country Club, take real estate virtual tours & browse MLS listings in Discovery Bay, CA at ®. ![]()
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