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
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
This brief market summary will provide all the information you need to know about what the market looked like this past week.
Here are this weeks Livermore market statistics:
> Number of actives this week: 139
> Number of actives last week: 116
> That is a 19.83% increase – BIGGEST INCREASE SINCE WE’VE BEEN WATCHING THIS!
> Average days on market: 34
> Median price: $679,234
> Average price: $837,409
> Number of pendings this week: 124
> Number of pendings last week: 124
> Average days on market: 29
> Median price: $588,995
> Average price: $642,213
> 35 properties have gone pending since the beginning of the month. That’s an average of 2.33 per day
Natalie Swanson Keller Williams Tri-Valley 2300 First St. #316 Livermore, CA 94550
Buyers have suffered enough over the last 24 months while trying purchase homes here in the Tri-Valley, especially in my backyard, Livermore, CA. If you are a Buyer, it’s time to dry your tears. A new kind of real estate market has arrived. We have seen a shift to longer market days and price reductions. We have returned to a more “normal” market.
What does a more “normal” market bring? It brings the contingent Buyer. With less competition a Buyer can now make an offer on a property and not have to compete for the home. Good news! I’ve been in sales now for 9 years and just had my first back to back to back contingent sale process. There are so many things to consider during the negotiation process.
This market still requires a professional. Do you need one? Please call us today. We are happy to help you navigate.
Natalie Swanson, Keller Williams Tri-Valley. BRE#01709115
1888 Buena Vista Ave, Livermore. $900,000 3 beds, 2 baths, built in 1968. 2060sf home on nearly 1 acre lot(200ft less than 1 acre) Shop/barn/garage/tack grandfathered in. Nice wide lot with lots of potential. Incredible opportunity to live on a county road so close to town. New and refinished hardwood. Updated kitchen. Long term owner of 40 years.
Keller Williams Tri-Valley Realty
2300 First St. #316
Livermore, CA 94550
2775 Chablis Way Livermore.
Come check out the house Saturday 4/26 and Sunday 4/27 from 1 to 4pm.
5 beds/5 baths, 4060sf home on 12,745sf lot.
5 Bedrooms, 5.5 baths, 4060sf of living space, Lot 12,745, 3-car garage. Fabulous South Livermore neighborhood.
The Tri-Valley Housing Opportunity Center (TVHOC) is now accepting applications for an opportunity to purchase a home under the City’s Affordable Homeownership Program for $183,138. This opportunity is for low-Income, first time home buyers with a household income of no more than 80% of the area median income ($66,250 for a household size of 4). The home, built in 2008, is a 2-bedroom, 2-bath condominium in the Shea Montage Development. For more information about this home, the program and an application, please visit the City’s website at: http://www.cityoflivermore.net/citygov/cd/hhs/housing/opps.asp or contact the Tri-Valley Housing Opportunity Center at (925) 373-3130.
It really doesn’t get any better than this. Congrats to Ryan Verdon on closing sale on his first ever home! Shea Builders treated him like royalty and provided him with his first home toolbox. Ryan’s smile speaks volumes and reminds our team how we make a difference in people lives!