Livermore Valley Real Estate Market Update, February 2011

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 47 homes for sale in Livermore under $299,999, 31 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 32 days. At the present rate of sale, it will take a little more than one 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 $300,000-$499,999: Currently there are 118 homes for sale in Livermore between $300,000 and $499,999, 59 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 49 days. At the present rate of sale, it will take about two 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 39 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 43 days. At the present rate of sale, it will take about two 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 26 homes for sale in Livermore between $750,000 and $999,999, 8 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 30 days. At the present rate of sale, it will take about three 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 Over $1 Million: Currently there are 13 homes for sale in Livermore over $1 million, 2 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 105 days. At the present rate of sale, it will take about seven months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

All Livermore Homes: Currently there are 243 homes for sale in Livermore total, 121 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 52 days. At the present rate of sale, it will take about two 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, 2010 and 2011: Below you can quickly and easily compare the Livermore Real Estate Market for 2009, 2010 and 2011. The same trend is seeing thru for the past few months, there are almost double the amount of active listings in the previous years and approximately the same amount of pending and solds homes throughout all years. Meaning, once again, that the absorption rate for this year February is approximately two months, while in February 2010 is was approximately a month and a half.

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

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