Mid-Summer Sales Stats for Livermore Valley!

The rough-and-tumble economy affected July 2011 home sales, per the latest information from The California Association of Realtors.  Statewide, July sales were down slightly from the month prior, showing softer prices and an uptick in days on market. 

For Alameda County, a year-to-year comparison shows July 2011 sales up 1.30% over July 2010. Days on market are 73.8 for July 2011,  a small increase from days on market of 65.3 from July 2010.  The unsold inventory index has remained fairly consistent, with the index hovering at 4.4 months for July 2011, improving slightly from 4.5 months in July 2010. 

We’re doing better than the statewide average, which has an unsold inventory index of 5.5 months for July 2011.  We’re also doing better than the national average, which has an unsold inventory index of 9.4 months. 

California real estate values continue to be affected by foreclosure sales. Bank-owned properties sell at steep discounts, sometimes as much as 40% from the list price. These sales are factored into the price comparisons used in property appraisals, often with disregard to the property condition. This is one reason why sales values can vary so much from one city to another. The number of distressed properties on the market in any given area will impact neighboring home values. 

What does it all mean? What can you expect when buying or selling a home in Livermore, Dublin, or Pleasanton? As your Livermore Valley real estate professional, I provide market information and statistics  regarding home sales as a service to my clients.  I also take the time to listen to their needs and explain how today’s market will work for them.

If you have questions about Livermore Valley’s real estate market, trust a professional who will work in your best interests. Contact me today and let my experience be your advantage! 

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
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