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Livermore CA Homes for Sale | Livermore Market Update April 2016

04_2016 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update April 2016

Livermore continued to add inventory in April.  April followed March’s 33% increase in available homes for sale with its own increase of 33%.  The rate of increase in pending sales slowed, however, from 42% in March to 14% in April.  Demand was still strong, especially in the lower end and particularly for quality homes in prime locations and appropriately priced.  Multiple offers were common and the average sales took only 11 days.  20 days in considered a hot market.  Price indicators were nearly flat from March.

The median sales price in April was $695,000, 1% less than March’s $703,000 but 7% higher than April 2015’s $650,000.  The price per square foot increased 2%, from $417 in March to $424 in April.  That was 9% higher than a year ago.  ON average, homes sold for 102% of their list price in April, unchanged from March and 2percentage points higher than in April 2015.

133 homes were on the market at the end of April, 33 more than at the end of March and 44 more than a year earlier.  Pending sales were up 14%, from 92 in March to 105 in April.  117 sales went to contract a year ago.  The faster rise in inventory left a 1.3 month supply at the end of April, up from 1.1 months at the end of March and 0.8 months at the end of April 2015.

84 sales closed in April, eight more than in March but 19 less than a year ago.  The average closed sale took 11 days in April, compared to 14 days in March and 18 days in April 2015.

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 remains low and there is strong demand from buyers, 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 many properties, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  Prime properties are getting a great deal of attention and multiple offers.  The result is that they don’t stay on the market long.  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 Homes

Livermore CA Homes for Sale | Livermore Market Update March 2016

03_2016 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update March 2016

The real estate market in Livermore continued to heat up with the weather in March but even with the added activity, sales were not as strong as a year ago.  Inventory, on the other hand took another big jump in March and more homes were for sale at the end of the month than at the end of March 2015.  Homes that sold did so quickly and for more than their asking price.  Homes priced under $1 million were most in demand and had less than a three week supply at the end of March.

100 properties were actively listed at the end of March, a third more than February 75 and 22% more than a year ago.  Pending sales increased 42% in March, from 65 in February to 92 in March.  123 sales went to contract in March 2015.  A 1.1 month supply was on the market at the end of March about the same as February’s 1.2 months.

Closed sales also increased, from 52 in February to 76 in March.  The median sales price was $703,000 in March, off 4% from $731,000 in February but 2% higher than March 2015’s $691,000.  Other price indicators rose in March.  The price per square foot increased from $405 in February to $417 in March.  The average sales price was 102% of the list price in March, compared to 100% in February and 101% a year ago.  March’s sales were on the market for only 14 days on average, less than half of February’s 32 days.

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 there is strong demand from buyers, 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 some properties, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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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03_2016 lv summary table

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Homes for Sale in Livermore CA

Livermore CA Homes for Sale | Livermore Market Update February 2016

02_2016 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update February 2016

The Livermore real estate market started to wake up from its winter hibernation in February, with increased sales and inventory.  The number of homes for sale increased faster than sales, a good sign in a market desperate for more inventory.  Even more encouraging, was that the bulk of the increase in inventory was in the lower end of the market, where demand is the highest.   The median sales price increased for the fourth straight month and homes sold for 100% of their average list price for the first time since September.

February’s median sales price was $731,000, a 2% increase from $720,000 in January.  February’s median price was also 19% higher than February 2015’s $614,000.  On average, homes sold for 100% of their list price in February, up from 99% in January but lower than a year ago when sellers received 102% of their asking price.  The price per square foot was the one price indicator that fell in February, from $428 in January to $405.  That was still 8% higher than a year ago.

75 properties were actively listed at the end of February, 20 more than at the end of January and six more than a year earlier.  Pending sales increased 10%, from 59 in January to 65 in February, which was still lower than February 2015’s 77.    Inventory relative to pending sales increased to 1.2 months at the end of February from 0.9 months at the end of January and 0.9 months a year ago.  Homes were listed for an average of 32 days in February, slightly less than February’s 34 days but significantly more than February 2015’s 19 days.

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 still a great time to be selling a home in Livermore.  Inventory is low and there is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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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Homes in Livermore

Livermore CA Homes for Sale | Livermore Market Update January 2016

01_2016 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update January 2016

If we didn’t just have December, January’s real estate market in Livermore would look worse than at any time in the past year.  Both pending sales and inventory were lower than at any time during 2015, except for December.  Uncertainty regarding the global economy, the election cycle and interest rates is making both buyers and sellers more cautious.  As is generally the case here, the lower end of the market showed more strength in January than the high end where buyers were less aggressive.

Prices were pretty stable from December, with the median sales price unchanged at $715,000, which was 10% higher than January 2015’s $650,000.  The sales price to list price ratio was also unchanged at 99%.  The one indicator that was higher in January was the price per square foot, which came in at $434, $55 higher than December’s $379 and $42 higher than a year ago.

55 homes were actively listed at the end of January, five more than at the end of December but three less than at the end of January 2015.  There was a good bump in pending sales in January, from 36 in December to 58, which was still, however, below January 2015’s 63 pending sales.  Closed sales fell by more than half, from 89 in December to 44 in January.  59 sales closed a year earlier.  On average, January’s sales were on the market an average of 34 days and sold for 99% of the average list price.  That compares to 26 days and 99%, respectively, in December.

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 still a great time to be selling a home in Livermore.  Inventory is low and there is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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 Homes for Sale | Livermore Market Update December 2015

12_2015 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update December 2015

Pending sales were at their lowest point in eight years in Livermore in December and inventory fell to its lowest level in 2015.  Inclement weather on top of the normal December slow down kept many buyers off the market in December.  Price indicators were mixed, with the median sales price setting a new record while the price per square foot was at its low point for the year.

With only 50 properties available for sale at the end of December, inventory was lower than at any time since December 2014 when 42 properties were on the market.   That represented a supply of 1.4 months, up from 1.0 month at the end of November.  The relative supply went up due to the fact that sales were so low.  Only 37 sales went to contract in December, half of November’s sales and the fewest since December 2007.  On average, homes were on the market for an average of 25 days, down from 30 in November.

December’s median sales price was $722,000, the highest it has ever been in Livermore.  The previous high was May’s $715,000.  December’s median sales price was 7% higher than November’s and 20% higher than a year ago, when it was $601,000.  On the other hand, the price per square foot fell 6%, from $403 in November to $380 in December.  While that was higher than a year ago, it was the lowest level in five months.  The average sale was for 99% of the list price in December, up from 97% in November.

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 still a great time to be selling a home in Livermore.  Inventory is down and there is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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.

See all Homes for sale in Livermore CA

 

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Livermore CA Homes for Sale | Livermore Market Update July 2015

07_2015 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update July 2015

The Livermore real estate market was just treading water in July.  Inventory was up but buyers seemed to be less urgent.  In fact, inventory was at its highest level since October of last year.  Price indicators were mixed, reflecting the lack of market direction.  Adding to the typical summer snooze appears to be a general uncertainty about where things will go from here.  Will interest rates increase? It seems likely that the Fed will increase short term rates.    Will demand stay as strong as it has been?  I believe it will, given the strength of the local economy.  Will inventory ever get back to pre-2012 levels?  I don’t think anyone knows the answer to that one.

The inventory of homes for sale in Livermore increased 17% in July, from 103 at the end of June to 121, right on track with the 122 properties on the market a year ago.  19 fewer sales went to contract in July (95) than in June (104), a 9% decline.  One year earlier, 980 sales went to contract.  Closed sales also slipped, from 120 in June to 110 in July.  That was 28% more than the 86 closed sales in July 2014.

A 1.3 month supply was on the market at the end of July, up from 1.0 month at the end of June and pretty close to the 1.4 months that we had a year ago.  The average sales took 20 days in June, little changed from 21 days in June and equal to a year ago.

The median sales price in July was $969,000, not much of a change from June’s $960,000 but a 7% increase from July 2014’s $650,000.  July’s sales were for 100% of the original list price, down from 102% in June but the same as July 2014.  The price per square foot was also lower in July; $379 versus June’s $406.

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 still a great time to be selling a home in Livermore.  There is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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

 

07_2015 lv summary table

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Livermore CA Homes for Sale | Livermore Market Update June 2015

06_2015 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update June 2015

The Livermore real estate market remained very strong in June.  Sales have been up and down the past few months, but have remained at a level that was higher than any month in 2014 or 2013.  Inventory even fell, after a six month run up.  Properties have not stayed on the market long here and, on average, have been selling above their list price.

103 homes were available for sale at the end of June, down from 107 in May and 110 a year ago.  Pending sales were off 15% in June, from 123 in May to 104.  June’s sales were still 25% higher than a year ago (83).  One month of inventory was on the market at the end of June, up just a little from May’s 0.9 months.  Properties were available for an average of 19 days in June, little changed from May’s 19 days.

June’s median sales price was $693,000, off 4% from $719,000 in May but 8% higher than June 2014’s $644,000.  The price per square foot increased from $400 in May to $405 in June.  A year ago, the square foot price was $364.  ON average, homes sold for 102% of their list price in June, up from 100% in May.

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 still a great time to be selling a home in Livermore.  There is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the Livermore market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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

06_2015 lv summary table

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Livermore CA Homes for Sale | Livermore Market Update May 2015

05_2015 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update May 2015

After pausing a little to catch its breath in April, the Livermore real estate market heated up again in May.  Sales were up sharply in May and were 45% higher than a year ago.  Better yet, inventory gains actually outpaced sales gains in May, so we ended the month with nearly a one month supply.  Price indicators increased across the board, with the median sales price jumping 11%.

The number of homes for sale increased 26% in May, from 85 at the end of April to 107 at the end of May.  That was more inventory than we had a year ago here (91 homes).  123 sales went to contract in May, a 17% increase from 105 in April and 45% more than May 2014’s 85.  The larger increase in inventory improved the supply from 0.8 months at the end of April to 0.9 months at the end of May.

The median sales price jumped 11% in May to $719,000, an increase of $69,000 from April’s $650,000.  The price per square foot increased 2% to $400 in May.  On average, homes sold for their asking price in May, unchanged from April.

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.  There just is not enough inventory to satisfy demand and it is the sellers who have the advantage right now.  Proper marketing and staging will be important to getting the most for your home.  Being prepared to evaluate multiple offers and sift through the options will be critical.  While multiple offers will be the norm, being extremely familiar with the Pleasanton market will be critical to get the most value out of your home.

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  Properties are not staying on the market long and multiple offers are the norm.  Understanding the current market and your own strengths as a buyer will put you in a strong position to act on new listings.  Intimate knowledge of the Livermore market is critical.

 

Search for Livermore CA homes for sale

05_2015 lv summary table

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Livermore CA Homes for Sale | Livermore Market Update April 2015

04_2015 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update April 2015

The Livermore real estate market cooled a little from March’s red hot pace but demand was still very strong and the market remained tight.  The number of homes for sale increased by only a few units, while pending sales remained very high, although they did fall from March.  Homes were on the market only 19 days and less than a one month supply was available at the end of April.

85 homes were for sale in Livermore at the end of April, up from 82 at the end of March and 78 a year ago.  Pending sales fell 21%, from 121 in March to 105 in April.  April ended with a 0.8 month supply, up from 0.7 months at the end of March.  83 sales went to contract a year ago.  Closed sales jumped 30%, following the increases in pending sales the past few months.

Surprisingly, the median sales price fell 6% from $691,000 in March to $650,000 in April.  That was still 6% higher than April 2014’s $615,000. The average closed sale in April was for 100% of the list price and was on the market for only 19 days.

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.  There just is not enough inventory to satisfy demand and it is the sellers who have the advantage right now.  Proper marketing and staging will be important to getting the most for your home.  Being prepared to evaluate multiple offers and sift through the options will be critical.  While multiple offers will be the norm, being extremely familiar with the Pleasanton market will be critical to get the most value out of your home.

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  Properties are not staying on the market long and multiple offers are the norm.  Understanding the current market and your own strengths as a buyer will put you in a strong position to act on new listings.  Intimate knowledge of the Livermore market is critical.

See all Homes for sale in Livermore CA

 

04_2015 lv summary table

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Livermore CA Homes for Sale | Livermore Market Update March 2015

03_2015 lv at a glance

Livermore CA Homes for Sale | Livermore Market Update March 2015

With the end of winter came an increase in available homes for sales in Livermore.  Buyers took advantage of the increase and drove pending sales to their highest level since 2005.  Prices rose sharply, with the median sales price increasing 14% from February.

March ended with 82 homes actively listed, up 19% from 69 at the end of February and 21 more than a year ago.  That was less than a three week supply.  A whopping 119 sales went pending in March, up 53% from 78 in February.  By comparison, 89 sales went pending a year ago.  Closed sales also jumped more than 50%, from 53 in February to 80 in March.  Homes were listed for an average of 18 days in March, unchanged from February.

March’s median sales price was $698,000, up $84,000 (14%) from $614,000 in February.  The average price per square foot increased $2 to $376.  On average, February’s ales were for 101% of the original list price, compared to 102% in February.

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 Pleasanton.  There just is not enough inventory to satisfy demand and it is the sellers who have the advantage right now.  Proper marketing and staging will be important to getting the most for your home.  Being prepared to evaluate multiple offers and sift through the options will be critical.  While multiple offers will be the norm, being extremely familiar with the Pleasanton market will be critical to get the most value out of your home.

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  Properties are not staying on the market long and multiple offers are the norm.  Understanding the current market and your own strengths as a buyer will put you in a strong position to act on new listings.  Intimate knowledge of the Livermore market is critical.

Click here to see current Homes for Sale in Livermore CA

03_2015 lv summary table

03_2015 lv price range table