Livermore Valley Real Estate Market Update, November 2010

Below you will find various graphs for the Livermore Valley real estate market, each graph represents both active listings as well pending and sold listings for the past 30 days. We have broken up each graph based on price ranges in order to easily decipher where your home or potential home may fall if you decide to buy or sell in each range.

Included in the various information below you find not only homes actively on market and pending/sold listings but you will also find average days on market in each price range as well as an absorption rate for each. An absorption rate is best described as the ratio of the current inventory of active listings compared to sales. In other words, given recent activity, we can estimate how long it will take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.

Livermore Homes Under $299,999: Currently there are 50 homes for sale in Livermore under $299,999, 29 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 40 days. At the present rate of sale, it will take a little under two months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

Livermore Homes $300,000-$499,999: Currently there are 117 homes for sale in Livermore between $300,000 and $499,999, 47 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 47 days. At the present rate of sale, it will take about two and a half months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

Livermore Homes $500,000-$749,999: Currently there are 48 homes for sale in Livermore between $500,000 and $749,999, 21 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 48 days. At the present rate of sale, it will take a little less than two and a half months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

Livermore Homes $750,000-$999,999: Currently there are 19 homes for sale in Livermore between $750,000 and $999,999, 3 homes have pending sales or have sold in the past 96 days, these homes had an average market time of 125 days. At the present rate of sale, it will take almost seven months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

Livermore Homes Over $1 Million: Currently there are 16 homes for sale in Livermore over $1 million, no homes have pending sales or have sold in the past 30 days. At the present rate of sale, it is too difficult to determine the absorption rate since no homes have sold in the past 30 days.

All Livermore Homes: Currently there are 250 homes for sale in Livermore total, 100 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 46 days. At the present rate of sale, it will take about two and a half months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate. To gauge more precise data for your home or the home you may be interested in please see the data charts above which are price specific. Need to know how much your Livermore home is worth? Or maybe how much you can afford in Livermore? I can help!

Livermore Real Estate Market 2009 VS. 2010: Below you can quickly and easily compare the Livermore Real Estate Market for 2009 and 2010. As you can see in November 2009 almost double the amount of homes sold than in November 2010 – this is also true for active homes on the market, as November 2010 is showing almost twice the amount of active homes for sale than this same time last year. Meaning, that in November 2009 it would have taken less than a month (compared to the almost three months for November 2010) to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

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