IT’S A GREAT TIME TO SELL BECAUSE THE TRI-VALLEY IS HOT! Go to LivermoreHomeValue.com, or PTownHomeValue.com for your quick and easy home valuation estimate.
Here’s a secret…..your home can be from anywhere and you can get the same home valuation from either of these sites.
Contact me for more details.
Number of Actives last week: 70
Number of Actives this week: 66
That is a 5.71% decrease
Average Days on Market: 58
Median Price: $794,000
Average Price: $1,030,042
Number of Pendings last week: 88
Number of Pendings this week: 94
That is a 6.82% increase
Average Days on Market: 32
Median Price: $572,000
Average Price: $634,230
72 properties have gone pending from 01/01/2015-01/31/2015. That is an average of 2.32 per day.
Number of Actives last week: 47
Number of Actives this week: 51
That is a 8.51% increase
Average Days on Market: 69
Median Price: $1,290,000
Average Price: $1,747,473
Number of Pendings last week: 37
Number of Pendings this week: 38
That is a 2.70% increase
Average Days on Market: 23
Median Price: $822,350
Average Price: $1,073,250
26 properties have gone pending from 01/01/2015-01/31/2015. That is an average of 0.83 per day.
Number of Actives last week: 41
Number of Actives this week: 43
That is a 4.88% increase
Average Days on Market: 50
Median Price: $947,604
Average Price: $852,277
Number of Pendings last week: 72
Number of Pendings this week: 76
That is a 5.56% increase
Average Days on Market: 52
Median Price: $789,020
Average Price: $824,604
44 properties have gone pending from 01/01/2015-01/31/2015. That is an average of 1.4 per day
What a great home!!! Completely remodeled head to toe, front to back. Nothing was left untouched in this gorgeous house. Close to downtown Livermore, close to great schools and close to everything fun in Livermore. Wine tours, bike tours, and beautiful parks. Call me for more details. 925-580-9829 Natalie Swanson Keller Williams BRE#01709115 2300 first st #316 Livermore, CA 94550
I always knew that home ownership brought stability and it’s nice to see how the statistics indicate this. I thought long and hard when we picked a tag-line. “Building community one family at a time” is really something to believe in.
I Can’t believe it’s that time of year again. Click the link for all the details. Have fun and be safe. Livermore is an amazing town filled with amazing wineries. We are fortunate to have these wonderful business so close to where we live.
Happy Monday to Everyone! I shared these number with a few clients and they asked if they should be worried about the rise in inventory. ” Nahh, I told them.” When I first got my license in December of 2005 I think we had about 600 homes on market, or some crazy number like that. Increased inventory is just another sign that we are headed toward the more “normal” Market I have been talking about lately. No need to worry.
The Tri-Valley real estate market remains very healthy as we lag the frenzied Silicon Valley market. Our sales climate seems to follow suit with them. They are not seeing signs of a slowdown yet. When we start to see more of those high income earners running toward Livermore and Pleasanton, It might be a sign that the South Bay market is too high and that mentality will spread. I still feel we have another 1.5 to 2 years on the upside before we see a real turn in the market.
I’ve never professed to have a magic ball but I’ve been in the business long enough to see the initial stages of a market change from down to up and back again. We have now seen a slowdown in the upswing which will eventually level off and trend down over time. If you are long-term purchaser, these things are not such a big deal.
Here are this week’s Livermore market statistics:
No surprise here. We have seen this over the last 12 months. The stats now show what I have been saying for quite some time. The Tri-Valley shines with a hefty median sales price increase from last year but the decline in appreciation and sales will eventually erode affordability to a point where we people will begin to ask “How high can we go?”. This is always something to consider when buying a home…………
New listing in Livermore. Wow, What a great home for $505,000. 3 beds and 2 baths 1064sf. All updated and ready for new ownership. It’s just gorgeous. Cute really is an understatement. Call Natalie Swanson for all the details and for information about our other up and coming team listings.
Other coming soon listings:
662 Zircon Way, Livermore
57 Agate Court, Livermore
12046 Glenora Way, Sunol
1452 Onyx Road, Livermore
1684 Genoa, Livermore
Keller Williams Tri-Valley
2300 First. St. #316
Livermore, CA 94550
Here are this week’s Livermore market statistics:
Number of actives this week: 145
Number of actives last week: 141
That is a 2.84% increase
Average days on market: 40
Median price: $628,794
Average price: $805,071
Number of pendings this week: 138
Number of pendings last week: 134
That is a 2.99% increase
Average days on market: 28
Median price: $599,975
Average price: $661,486
36 properties have gone pending since the beginning of the month. That’s an average of 3.27 per day. Market days is trending a little higher but overall market seems to be doing just fine.
How does this affect you? Call me for answers. 925-580-9829 Homes@natalieswanson.com
Keller Williams Tri Valley 2300 First St. #316 Livermore, CA 94550
I wish I had a crystal ball to show what the real estate market in the Tri-Valley was going to do. In reality, nobody has this magic ball, but we are able to intelligently guess what is going to happen by considering a variety of indicators and subjectively concluding a predictable future. If you believe that markets actually do have cycles then it’s pretty darn simple. Expect for Livermore and the surrounding market to plateau over the next 18 months and then gradually hit a down cycle. If you are an investor, now is NOT the time to buy for cash flow in Livermore and the surrounding area. Most pricing is just too high in the detached market. Muli-units need to be viewed independently.
If you are first time homebuyer or a move-up Buyer and are considering a long term purchase, now is the time to buy. Holding long term will weather any market decline. A long term strategy makes people wealthy with real estate. If purchasing for a shorter duration, lets say less than 4 years, you may want to consider a 5 or 7 year variable rate loan, and make sure you get a good deal when you purchase.
In the short term as we enter the August, 2014 Tri-Valley market, we will see increased market days, higher inventory and return to a more balanced real estate market. Sellers will pay a heavy price if they over price their homes. Nicely priced homes will still sell fairly quickly. It’s critical for Sellers to understand pricing dynamics and trust their agent with pricing recommendations.
Contact me today for a complimentary market analysis or to discuss your personal real estate needs. We are happy to help you here at the Swanson Real Estate Team.
Natalie Swanson, Team Leader
Keller Williams Tri-Valley #01709115