Livermore Makes Top 5 List of Hot Real Estate Markets for 2013!

Livermore home pricesAccording to a real estate market survey by Redfin, Livermore, CA ranks as #5 nationwide in their projection of hot housing markets for 2013!  Here’s the scoop!

The survey reviewed data from 130,000 active home listings and 10,000 home buyers. It compared listings, home sales volume, median price per square foot, and sale-to-list ratios.

Ranks for major metropolitan areas were assigned. Then, cities and neighborhoods within those markets were reviewed to find the most consistent trends on a year-over-year basis. The results:

Rank Metro Area Neighborhood Listings Sales Price
1 Los Angeles Highland Park -48% +73% +31%
2 San Diego Mira Mesa -69% +48% +21%
3 Los Angeles Faircrest Heights -63% +17% +29%
4 Los Angeles Eagle Rock -54% +44% +11%
5 Bay Area Livermore -71% +13% +20%
6 Bay Area Willow Glen -60% +9% +32%
7 Los Angeles Glassell Park -64% +31% +17%
8 Chicago Logan Square -10% +94% +20%
9 Bay Area The Mission -29% +17% +80%
10 Seattle N. Maple Leaf -44% +15% +22%

According to Redfin, the most popular residential market areas are experiencing shrinking home inventory, increasing sales, and rising prices. That’s certainly been the case here in Livermore!

The survey also indicated that these markets enjoyed new restaurants and development, a trendy atmosphere, good schools and convenient commutes. It’s easy to understand how Livermore made the list here too, with our very walkable downtown, hip wine tasting scene, and enviable retail discounts at Paragon Outlet. Not many areas have access to factory outlet pricing on Ghirardelli Chocolate!

Rising home prices for 2013 are in the market forecast for much of California, and it’s no surprise that Bay Area home seekers are exploring Alameda County for affordable homes. Livermore has apparently been “discovered” by the real estate industry press, but whether this provides a market boost, or simply results in a few home searches remains to be seen. In the meantime I will always have my eye on the latest Livermore market trends!

Thinking of buying or selling a Livermore home? Let’s talk! I will share the latest market data for your neighborhood and help you find the best opportunities. Always feel welcome to contact me for the latest home sale activity in LivermorePleasanton or Dublin. I will provide you with expert real estate guidance for your success!

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
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