What's the Most Expensive Home for Sale in El Cerrito?

If you're waiting for your home to regain some of its lost value, you might not have to wait long.

Home prices are on the rise and, according to at least one report, are expected to increase 3.3 percent a year through 2017.

Part of the reason is the lack of inventory, causing multiple bids on houses. Another reason is low interest rates. Another is an improvement in consumer credit, which encourages banks to loan more money.

For fun, we thought we'd look for the most expensive home on the market in El Cerrito that we could find.

We came up with is this 5-bedroom, 5-bathroom house at 8630 Terrace Drive that's listed at $899,000.

The home, built in 1950, is 3,818 square feet and sits on an eighth of an acre. It also includes two fireplaces.

Do you know of another high-priced home in your community? Tell us about it in the comments section.

You can see other expensive homes in neighboring towns by going to Albany Patch and Berkeley Patch.

This information was provided by Rachael Hand, Broker Associate, Coldwell Banker and Director for the Contra Costa Board of Realtors. You can reach her at 925-372-8080 or rachael.hand@cbnorcal.com