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.