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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
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.
The good vs the great
One of the most important decisions you’ll make when you put your Pleasanton home up for sale is choosing the right agent to help you in the selling process. There are so many listing agents, it can be confusing to know which one to choose.
It can be challenging especially for first time sellers to know who to hire. Your home is your biggest investment and you would want to work with someone who is not just good but great.
Some common mistakes to avoid
A common mistake I see among sellers is hiring the first and only listing agent they meet. This is unwise because there are many good agents but you are looking for the best one. During the process of home buying, you want to have options so that you have a basis of comparison.
Another mistake I see is hiring the agent with the highest listing price. Most likely, that agent increased your home’s value so you will hire him, but it does not mean that he/she can sell your home quickly and at the right market value, which is more important.
The right agent can make all the difference in how quickly and efficiently you can sell your home. He/She can help you decide on the right top dollar price for your home to sell fast in the market.
It takes some legwork but when you found the right agent or REALTOR®, but finding the right agent is worth it.
How do you choose the right agent to sell your property?
Here’s how you can select the best agent for your Pleasanton home for sale.
- Ask for recommendations from coworkers, friends, neighbors, and anyone who has previously sold homes or properties in the Pleasanton area.
This way, you get a first hand accounting of their experience working with various agents. From the recommendations, you can create a shortlist of at best three names.
2. Fact-check on the internet. Search for the names on your short list and see what the internet has to say about them.
Great agents are visible online, and they often have websites where possible clients can view their work and listings. You can also find feedback and reviews on the internet about the listing agents.
3. Set up an interview with the names on your short list.
A casual interview with a great agent should answer your questions, pacify your concerns, assure you that you are working with a licensed professional, and let you have a general idea of how your home for sale in Pleasanton will be marketed.
Among the questions you should be asking are the following:
- Do you work full-time or part-time?
- How long has he/she been in real estate?
- How long has he/she been selling homes in your area?
- Has he/she successfully sold homes similar to yours?
- What is his/her success rate?
- How will he/she market your home?
- How much does his/her service cost?
4. Ask for references. This time, you are asking for names of former clients, people he/she has helped sell a home for, or people he/she has worked with. Doing this will help you get a better idea of his/her work ethics.
5. Decide based on the agent’s performance and your level of comfort to work with him/her. You will work best with an agent you are most comfortable with.
Choosing the right Pleasanton REALTOR® to work with is not a walk in the park, but when you get the right one, like me, your real estate journey will be great and stress-free. Get to know more about me at www.680Homes.com/About/Meet-Doug-Buenz/.
Are you selling your home? Call me, Doug Buenz, at (925) 621-0680. Let me help make your home selling journey a pleasant one.
In case you can not view this video here, please click the link below to view Choosing the Right Agent to Sell Your Property on my YouTube channel: https://www.youtube.com/watch?v=9eJmlOLD8bs&feature=youtu.be
It was recently announced that Pleasanton Pleasanton Realtor Doug Buenz of The 680 Group at Alain Pinel Realtors has been listed as one of the Top Real Estate Agents in America with sales in excess of $34 million. “To say that Pleasanton Realtor Doug Buenz is an exceptional sales professional is an understatement, says Steve Murray, publisher of REAL Trends’ Best Real Estate Agents in America and editor of REAL Trends. The average residential real estate agent in the United States closed fewer than eight transactions in 2012 and had less than $1.5 million in sales. To attain this level of sales is truly outstanding.” Doug has consistently ranked among the best Realtors in Pleasanton, Dublin, San Ramon, Danville, and Livermore. Click here to read the article.