August Sales Steady for Livermore Valley!

End of summer home sales ended on a sunny note for Alameda County.  Per the California Association of Realtors, Alameda County August 2011 home prices were up 1.3% from July, with a median sales price of $468,900.  The July 2011 median sales price for Alameda County single-family homes was $462,890. 

Numbers also moved in the right direction for the August 2011 inventory index, showing a slight reduction in the number of properties on the market, dropping to 4.3 from the previous 4.4 in July.  In tune with this trend, the Days on Market for August 2011 dropped to 73.3 from the July average of 73.8.

More facts about Livermore home sales are in the Market Statistics section of my website. 

How are we shaping up against the national picture? Realtor.com’s August 2011 data shows national home sales up by 7.7% from July 2011. When comparing August market data from a year ago, the nationally averaged sales increase is an eye-opening 18.6%.  The perspective to keep in mind here is that the nationally averaged median sales price is $168,300. 

Shrinking inventories and reduced days on market are always welcome trends and generally point to rising home values.  Other positives include a gradual climb in sales activity and market value of luxury homes, particularly in regional hot spots such as Silicon Valley. We’re seeing regional markets lifted by a mix of cash buyers, foreign investors, and first-time homebuyers seeking relief from increasing rent.

Certainly, concerns about the broader economy remain. Also, the presence of foreclosures and distressed properties continue to affect prices. Each local market has unique considerations that factor into home value, which is why having an experienced real estate professional on your side is so very important.

Are you thinking of buying or selling a home in Livermore, Dublin, or Pleasanton? As your Livermore Valley real estate professional, I provide market information and home sales statistics  as a service to you. When you need help with real estate, I will take the time to listen to your needs and explain how today’s changing market will work for you.

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 I’ll be happy to help you!

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
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