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Homes for Sale and Real Estate Market Update Video for Livermore CA January 30, 2018

Homes for Sale and Real Estate Market Update Video

Livermore CA – January 30, 2018

Hi everybody! It’s Doug Buenz with The 680 Group giving you a quick market update on the Livermore CA real estate market.

Wow! We’re seeing a lot of activity out there. Inventory’s up 184% this month compared to last.

There’s 71 new listings so far of single family homes in Livermore.

49 pending sales so far this month. That’s up 36%. So the market’s active.

Now is a great time to be out looking. We’re seeing more inventory come on the market, which is good news for buyers.

The average price per square foot so far for sold properties in Livermore this month is $446. That’s up slightly from last month.

15 days is the average days on market. That’s down a little bit.

There’s still a pretty good amount of inventory in Livermore homes for sale if you’re a home buyer.

The best news for home buyers is the median sales price in Livermore so far this month is $770,000.

For buyers who feel like you’re being priced out of Pleasanton and San Ramon, Livermore is a great option. There’s a lot of homes there that are more modest in price and excellent opportunities. The schools are improving. It’s a great neighborhood.

If you know anybody who’s interested in buying or selling a property, please do give us a call, Doug Buenz, The 680 Group, at 925-621-0680 or visit our website at 680homes.com. We’d love to help you.

If you could, if you know someone that would find this information useful, please share it with them. We really appreciate it.

Thanks for watching.

 

Livermore CA 2017 Homes for Sale and Real Estate Market Year In Review

Livermore CA 2017 Homes for Sale and Real Estate Market Year In Review

If you were looking for a home to buy priced under $1 million in Livermore the past two years, it’s been tough sledding.  The supply of these homes has been historically low, while the demand has been quite high.  The result was quick sales, with multiple offers and escalating prices.  The short supply kept a lid on overall sales also.

The median sales price overall increased 10%, from $717,000 in 2016 to $788,800 in 2017.  The price per square foot increased a more modest 4%.  On average, sales took 21 days in 2017, compared to 27 in 2016.  Homes sold for 101% of the list price during 2017, on average, up from 100% in 2016.  Closed sales fell 4% from 2016 due to the extremely low inventory.

74% of Livermore’s closed sales were homes priced under $1 million, while roughly 60% of the inventory was in this price range.  These homes sold in an average of only 17 days at 102% of the original list price.  Homes priced higher sold for on 98% of list and did so in an average of 36 days.

January was the only month in 2017 where ending inventory was higher than pending sales during the month.  The remainder of the year we operated with less than a one month supply and ended 2017 with less than two weeks.  Closed sales were relatively robust, given the low supply.  While inventory was lower throughout 2017, sales remained at comparable levels (comparing the same months year to year).

The table above shows the disparity between sales and inventory for homes priced under $1 million and how that disparity grew from 2016 to 2017.  This price range has had less than a month’s supply since September 2016 and for much of that time had only about two weeks.  Sales during 2017 were hampered by the low inventory level.

While there were fewer homes price at $1 million and above available for sale in 2017 than 2016, this segment was not nearly as tight as the lower end of the market.  Until November, inventory remained higher than pending sales for any given month.  But supply dipped at the end of 2017 and sales went down with it.

 

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Homes in Livermore CA

Livermore CA Homes for Sale | Livermore Market Update November 2017

Livermore CA Homes for Sale | Livermore Market Update November 2017

  • Market remains hot
  • Inventory at lowest level January 2014
  • About two weeks supply
  • Sales strong in spite of low supply

Livermore CA Real Estate Market Update November 2017

The weather may be cooling but the Livermore real estate market isn’t.  It’s hard to believe that inventory is at its lowest level in nearly four years given how low supply has been the past couple of years.  But that is exactly where we are.  An in spite of the lack of inventory, sales remain pretty strong.  While pending sales were lower in November than a year ago, they were slightly higher than in October.  Homes priced under $1 million are in particularly strong demand and are selling in an average of only 18 days.

With only 30 properties actively listed at the end of November, it is likely that sales will drop in December.  But they managed to eke out a small gain in November, increasing from 57 pending sales going to contract in October to 59 in November.  That was with inventory at 43% of where it was at this time last year.  We had 69 homes for sales at the end of November 2016 and 51 at the end of October 2017.  With such strong sales and low supply, only two weeks of inventory was available at the end of November, compared to 0.9 months at the end of October and 1.0 month a year ago.

On average, homes sold in November did so in an average of 21 days and for 100% of their list price, virtually unchanged from October but markedly better than November 2016’s 31 days and 98%.  The median sales price in November was $780,000 down from October’s $798,000 but higher than November 2016’s $690,000.  The price per square foot also dipped, from October’s $444 to $430.

The tables below provide further details on the current Livermore CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Livermore.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Access all Livermore CA homes for sale here

 

Livermore CA Real Estate Market Update November 2017

Livermore CA Real Estate Market Update November 2017

Livermore CA Homes for Sale | Livermore Market Update October 2017

Livermore CA Homes for Sale | Livermore Market Update October 2017

  • Inventory at lowest level since January
  • About two weeks supply
  • Pending sales bounce back a little
  • Prices firm up

Livermore CA Real Estate Market Update October 2017

Fewer homes were available for sale at the end of October in Livermore than at any time since January.  The decline left just over a two week supply on the market.  With buyers on the prowl, pending sales increased 6%, in spite of the dearth of homes available.  Prices were firm, with homes selling for their asking price, on average.  Other price indicators increased as well.

Inventory fell 27% in October, from 70 at the end of September to 51 at the end of October.  That was about half the 107 homes on the market at the end of October 2016.  85 sales went to contract in October, compared to 80 in September ant 84 a year ago.  The market tightened, with only a 0.6 month supply at the end of October, down from 0.9 months at the end of September and 1.3 months at the end of October 2016.

October’s median sales price was $800,000, a 5% increase from $765,000 in September and a 14% jump from $700,000 a year earlier.  The price per square foot also increased, from $435 in September to $445 in October.  On average, homes sold for 100% of their list price in October, unchanged from September but higher than October 2016’s 98%.  Time on the market did not change much in October.  The average sale took 22 days in October, one less than in September.
The tables below provide further details on the current Livermore CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Livermore.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Livermore CA Real Estate Market Update October 2017

Livermore CA Real Estate Market Update October 2017

Homes in Livermore CA

Livermore CA Homes for Sale | Livermore Market Update September 2017

Livermore CA Homes for Sale | Livermore Market Update September 2017

  • Inventory keeps sliding
  • Less than a month’s supply
  • Pending sales down 11%
  • Prices steady

Livermore CA Homes for Sale

The same story that we have had in the Livermore real estate market for the past few months was pretty much unchanged in September.  Inventory slipped and the market was tight, with less than a month’s supply.  Sales were hampered by the lack of supply and fell sharply.  Homes sold in an average of only 23 days and for their asking price (on average).

70 properties were actively listed at the end of September, about half the level of a year ago and four less than at the end of August.  Pending sales fell from 91 in August to 81 in September, an 11% drop.  91 sales also went to contract in September 2016.  That left a supply on only 0.9 months at the end of September, little changed from August.

The average sale in September was for 100% of the list price, the same as in August and slightly higher than September 2016’s 99%.  The median sales price was 8% higher than a year ago at $765,000 but that was 6% below August’s median.  The price per square foot increased to $435 in September from $423 in August and $412 a year ago.

The tables below provide further details on the current Livermore CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Livermore.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Livermore CA Real Estate Market Update September 2017

Livermore CA Homes

Livermore Real Estate Market Update August 2017

Livermore CA Homes for Sale | Livermore Market Update August 2017

Livermore CA Homes for Sale | Livermore Market Update August 2017

  • Inventory less than half of year ago number
  • Pending sales impacted by low supply
  • Less than a month’s supply
  • Median sales price rises

Livermore Real Estate Market Update August 2017

Inventory dipped again in August and was about half that of a year ago.  While buyers were active, it’s difficult to buy what isn’t there.  Quality properties were snapped up quickly though, as homes sold in August did so in only 24 days, on average.  While price indicators were mixed, the median sales price was 18% higher than in August 2016.

August’s median sales price was $818,000, 3% higher than July’s $797,000 and 18% higher than August 2016’s $691,000.  The average sale was for 100% of the list price and took 24 days.  That compares to 102% and 18 days, respectively, in July and 99% and 27 days a year ago.

Inventory fell by three units, from 77 at the end of July to 74 at the end of August.  139 homes were for sale at the end of August 2016.  Pending sales managed a small gain, from 89 during July to 91 in August.  That was still 10% lower than August 2016’s 101.  Inventory relative to pending sales was little changed from July at 0.8 months, down from 1.4 month a year earlier.

The tables below provide further details on the current Livermore CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Livermore.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Click here to see current Homes for Sale in Livermore CA

Livermore CA Homes

Homes in Livermore CA

 

Real Estate Properties for Sale in Livermore

Livermore CA Homes for Sale | Livermore Market Update July 2017

Livermore CA Homes for Sale | Livermore Market Update July 2017

  • Inventory less than half of year ago number
  • Pending sales impacted by low supply
  • Sales not falling as fast as inventory
  • Prices flat

Livermore Real Estate Market Update July 2017

If you want a good indication of the strength of demand for real estate in Livermore, just look at the sales numbers relative to supply.  While inventory was less than half the level of a year ago, pending sales were up 6%.  87 fewer homes were on the market but pending sales still rose.  Furthermore, homes sold in only 17 days on average.  20 days is generally considered to be a hot market.  Somewhat surprisingly, we are not seeing as much upward pressure on prices as we might expect given the supply/demand dynamic here.

The median sales price dipped slightly in July, from $805,000 in June to $797,000 in July.  That was still 5% higher than a year ago.  Homes sold in July for an average of 101% of their asking price, unchanged from June.  The price per square foot was also unchanged at $428.

77 homes were available for sale at the end of July, down from 80at the end of June and 162 at the end of July 2016.  That was drops of 4% and 52% from June and a year ago, respectively.  91 sales went to contract in July, seven less than in June, a 7% drop.  86 sales went pending in July 2016.  Supply relative to pending sales remained unchanged from June at 0.8 months, compared to 1.9 months a year earlier.

The tables below provide further details on the current Livermore CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Livermore.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Access all Livermore CA homes for sale here

 

Livermore CA Homes for Sale

Homes in Livermore CA

Livermore CA Homes for Sale

Livermore CA Homes for Sale | Livermore Market Update June 2017

Livermore CA Homes for Sale | Livermore Market Update June 2017

  • Low end of market is hot
  • Pending sales fall 21% after record May
  • Inventory increases
  • But is still about half the level of year ago
  • Prices rise

Livermore Real Estate Market Update June 2017

The Livermore real estate market couldn’t maintain the near record pace of pending sales from May but remained very strong in June.  Homes priced under $1 million were in particularly strong demand, often receiving multiple offers, selling for more than their list price and closing in an average of only 14 days.  Overall, prices were on the rise, as was inventory.  However, inventory is still very low, at about half the level of a year ago.

Inventory increased 16%, from 69 homes at the end of May to 80 at the end of April.  151 homes were actively listed at the end of June 2016.  That still left less than a month’s supply (0.9 months) at the end of June, up from 0.6 months at the end of May, but lower than June 2016’s 1.2 months.

Pending sales fell 21%, from 119 in May to 94 in June.  121 sales went to contract a year earlier.  112 sales closed in June, up from 108 in May.  On average, June’s sales closed in 17 days, up from 15 in May but lower than the 21 days it took in June 2016.

June’s median sales price was $814,000, up 2% from $798,000 in May and 12% from $725,000 in June 2016.  The average sale in June was for 101% of the list price, compared to 100% in May and 99% a year ago.

The tables below provide further details on the current Livermore CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Livermore.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Search for Livermore CA homes for sale

Livermore CA Homes

Homes for Sale in Livermore CA

Real Estate Properties for Sale in Livermore

Livermore CA Homes for Sale | Livermore Market Update April 2017

Livermore CA Homes for Sale | Livermore Market Update April 2017

  • Market cools some
  • Inventory jumps 53%
  • Pending sales flat from March
  • Only 16 days on market

Livermore CA Real Estate Market Update April 2017

The Livermore real estate market cooled somewhat in April from a very hot March.  The market is still very active and demand is strong.  Homes were listed for an average of only 16 days in April (20 days is generally considered to be a hot market).  In addition, the average sale was for 101% of the asking price.  We did get some relief on the inventory side, with many new homes coming on the market.  53% more homes were available for sale at the end of April than March.

April’s median sales price was $760,000, down slightly from $755,000 in March but 10% higher than April 2016’s $690,000.  The price per square foot slipped from $417 in March to $409 in April and $423 a year ago.  The average sale in April was for 101% of the list price, down from 103% in March and 102% in April 2016.  Homes sold in April were listed for an average of 16 days, up slightly form 15 days in March and 13 days a year ago.

92 homes were actively listed at the end of April, 32 more than at the end of March but 41 less than was available a year ago.  Pending sales were flat at 93.  That was 11% fewer than went to contract a year earlier.  Even with the jump in inventory, there was only a 1.0 month supply at the end of April, up from 0.6 months at the end of March.

The tables below provide further details on the current Livermore CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Livermore.  Inventory is low and demand remains strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  The current market is fairly balanced, especially compared to the previous few years.  Prime properties are still getting a great deal of attention and even multiple offers on occasion.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Click here to see current Homes for Sale in Livermore CA

 

Homes in Livermore CA

Homes for Sale in Livermore CA

Livermore CA Homes

Livermore CA Homes for Sale | Livermore Market Update March 2017

Livermore CA Homes for Sale | Livermore Market Update March 2017

  • Market is hot
  • Pending sales up 40%
  • Only a two week supply
  • Homes on market only 16 days
  • Prices rise

Livermore Real Estate Market Update March 2017

Livermore had one of the hottest real estate markets in the area in March.  Demand was very strong and there was a great deal of activity.  Even though inventory increased 13% from February, pending sales increased significantly more (40%).  The result was that there was just over a two week supply of homes for sale at the end of March.   The median sales price increased 9% and, on average, homes sold for 102% of the list price.

Inventory increased from 53 homes at the end of February o60 at the end of March.  That was still only 60% of the available homes for sale a year ago.  Pending sales jumped 40% in March, from 67 in February to 94, the same number as in March 2016.  Closed sales increased 67%.

The strong demand meant brisk sales, as homes that sold in March did so in an average of only 16 days, compared to 29 days in February and 31 days a year ago.  Prices increased along with the demand.  The median sales price in March was $755,000, 9% higher than February’s $692 and equal to the price a year ago.  Sales closed for an average of 102% of the list price in March, compared to 99% in February and 100% in March 2016.  The price per square foot was little changed at $416.

The tables below provide further details on the current Livermore CA market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in Livermore.  Inventory is low and demand remains strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  The current market is fairly balanced, especially compared to the previous few years.  Prime properties are still getting a great deal of attention and even multiple offers on occasion.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

 

Access all Livermore CA homes for sale here

 

Livermore CA Homes

Homes for Sale in Livermore CA