Livermore Population and Home Prices Increase

graphpegsThe more the merrier! Livermore’s population increased by 1.3% last year, according to an article in the Livermore Patch.  They report that the State Department of Finance counts our current population at  83,325. This is the second-highest growth rate in Alameda County. Dublin has the highest rate of population growth at 6.8%.

As a whole, Alameda County’s population grew by 1.2% to reach 1,548,681 residents. Our population growth is ahead of statewide trends. California’s rate of growth is 0.8%.

An increase in residents means increased demand for housing, and it’s no surprise that the cost of renting and buying a home is also going up. The average listing price of a Livermore home for sale was $701,998 as of last week.  In Dublin, the average listing price of homes for sale came in at $734,783.

Please keep in mind that this also represents some higher-end homes hitting the market, which pulls up dollar averages. We have a few more listings in the $600,000 to $1 million range. There are several excellent properties available in the $1 million-plus range, including large parcels with acreage. If you’ve ever wanted to start your own winery, now is your chance!

Overall, homes are spending less than 30 days on market, and our home inventory remains lean. Even without population growth factored in, demand is far ahead of supply, and home prices are poised to increase. It’s going to be a hot summer for real estate in Alameda County!

We can expect home sales to remain brisk in Livermore! Mortgage interest rates are excellent, and there are some beautiful homes on the market at very attractive prices. It’s a great time to buy a Livermore home, and thanks to limited home inventory, it’s an even better time to sell! My experience can help you make the most of today’s opportunities.

Thinking of buying or selling a Livermore home? I will be happy to help you, just give me a call!

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
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