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
Keller Willliams Tri-Valley 2300 First St. #316 Livermore, CA 94550
Natalie Swanson 925-580-9829
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
1684 Genoa, $675,000. SUNSET EAST neighborhood is often difficult to relocate to. This desirable single level floor plan will be hitting the market in September 2014. All the remodeling is complete. All you need to do is move in. We are in the process of waiting for tenants to vacate before putting this home on market. 3 beds, 2 baths and nearly 1500sf of living space. Close to Sunset Elementary.
Are you looking for a similar home? We specialize in the area and are happy to help you find what you are looking for. Use our decades of experience and networking for your benefit.
For more details contact Natalie directly.
Natalie Swanson, Keller Williams Tri-Valley,
2300 First #316 BRE#01709115
93 Cameo Drive will be hitting the market the week of July 7th. It is a 3 bedroom, 2 bath home with 1466s of of living space. The lot is amply sized and has a nice side yard access available for anyone needing extra access to the yard. The home is updated with granite kitchen counters, new carpet and tiling in the kitchen area. Hardwood runs through the family and dining areas. You won’t want to miss this gorgeous home in South Livermore’s Tempo neighborhood. To view the home please call Natalie for scheduling. The home’s list price will be between $665k and $675k. The home has a section 1 clearance. What a great single level floor plan.
If this is the kind of home you are looking for please call me. We are happy to assist you in your home search today. We specialize in the area and are happy to pass along our decades of experience for your benefit.
Natalie Swanson, BRE#017091115
Keller Williams Tri-Valley
2300 First #316
Prices continue their trend up. While listing prices continue to rise, Buyers are now responding by allowing more and more overpriced listings to sit on market. It’s now a much better time to buy with less competition. Natalie Swanson BRE#01709115 Keller Williams Tri Valley
Home is located in the Beautiful Sunset East neighborhood close to the award winning Sunset Elementary School. The interior of the home is updated with laminate flooring, tile flooring in the bathrooms, and an open kitchen and great room. In the family room there is a fire burning stove. The backyard includes a shaded patio and a play house.This prime living location is close to wine growing area and down town Livermore.
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
If you have a friend moving to Concord, CA area please have them call me! 4/3 1766sf on a 17,500sf lot. All completely remodeled for only $515,000! That’s a great price for the area and the square footage.
2300 First.St #316
Livermore, CA 94550