Is Livermore Valley a Seller’s Market?

Despite gains in home prices during 2012, some homeowners who want to sell are avoiding the market, according to a recent survey by Redfin. In the survey, potential home sellers believed  they would get higher prices by waiting a year or two. Ironically, if prices are higher in a year or two, these sellers will also pay more for their next home!

The truth is, you can’t time the market. Nor can you predict what mortgage interest rates will be in the future, or what the economy is going to look like.  When to sell your home isn’t as important as why you are selling your home. If you need a bigger home for your family, or a shorter commute to work, or you’ve got a great job offer in another city, it makes sense to evaluate the opportunities you have today.

In fact, the opportunities in Livermore Valley real estate could be better than you thought. Sellers are getting over 98% of their asking prices, and in some cases, multiple offers. For example, here’s a quick look at how August 2012 shaped up.

Single-family homes for sale in Livermore averaged 31 days on market, with an average sales price of $520,741.  Sellers obtained  98.81% of their asking prices.

In Dublin, single-family homes averaged 24 days on market, with an average sales price of $639,275. Sellers obtained 99.25% of their asking prices.

In Pleasanton, single-family homes averaged 40 days on market, with an average sales price of $881,522. Sellers obtained 98.87% of their asking prices.

Overall, Livermore Valley home sellers do not have the market competition today that they faced during 2011 and 2010. Even so, price recovery is still a very gradual process. Inventory levels are low, but factors such as home condition, location, amenities and price always carry importance.

Is Livermore Valley a seller’s market? It depends on the home, the seller, and your real estate professional! Experience counts when you have a Livermore Valley  home to sell. I have the local expertise to help you succeed! Whether you just have a few questions, or you’d like a comparative market analysis, I’m ready to help you!

For the latest home sales activity for your neighborhood, contact me!  I will provide the latest market data and the professional guidance you can trust.

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
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