SOLD: 7393 Mines Road – Welcome to Paradise!

 

DSC_2830a7393 Mines Road

Livermore, CA 94550
$1,675,000
MLS: 40666082
5 Bedrooms
3.5 Bathrooms

Welcome to Paradise!  Nestled amongst the oaks in the foothills of Livermore on 4.5 acres, this beauty is a slice of heaven.  Entering through the foyer,  you will be hypnotized by all of the elegant details found throughout this home. The spacious living room comes complete with cathedral open beamed ceilings and walls of glass with gorgeous views that continues throughout the home and provides warmth and charm. The well thought out floor plan makes everyday living and entertaining a breeze.

Imagine creating delicious masterpieces for your guests in the kitchen that is outfitted with beautiful custom cabinetry for a luxurious feel, hardwood hickory flooring, granite counter tops, and stainless steel appliances.  A sizable center island as well as recessed lighting make this kitchen any aspiring chef’s dream. A breakfast area is just steps away and offers more stunning views and decorative cabinetry for serving your meals or storage.  You will be enthralled by the open family room that is enhanced with a brick fireplace and mantle.  To top it off, this room offers tranquil views of the Oak trees and hills!

Escape to your personal hideaway in the master bedroom suite with its own private bathroom, carpeting and spacious closet.  Four additional bedrooms and two and a half bathrooms can accommodate either residents or guests.  Experience outdoor living at its finest on your private covered patio where you will indulge in the views of the sizable backyard, and of course, the sparkling in-ground swimming pool.  Once you have experienced the views and copious amount of unbelievable features found throughout this home, you will not want to leave! From the approximately 1,000 square foot shop to the two stall barn, this home is just waiting for that sophisticated buyer. This gem is truly a must see!

SOLD: 1592 Roselli Drive – Custom Delight!

DSC_8898a1592 Roselli Drive
Livermore, CA 94550
$630,000
MLS:  40644239
3 Bedrooms
2 Bathrooms

Enjoy coming home to this beautiful haven in Liverpool! This home has been renovated with an abundance of updates including specialty flooring, crown molding, wainscoting and plantation shutters throughout. Stepping into the foyer, you are greeted by the family room boasting elements such as crown molding and upgraded lighting, sure to catch your eye. Beautiful upgraded kitchen, stainless steel appliances, new granite counter tops and a separate breakfast nook are sure to impress. For dining, show guests to the dining room where the open floor plan creates the ideal atmosphere for any special occasion.

At the day’s end, lounge in the living room open to the dining room. A brick fireplace is the center piece of the room and will produce an environment of rest and relaxation. Three bedrooms, including a sizable master suite, offer ample sleeping quarters for residents and guests alike. While the master bedroom is complete with an additional closet and contemporary wall colors, the attached master bathroom is equipped with a vanity with granite counter top and separate tile shower with sliding glass doors. The two additional bedrooms include spacious mirrored closets and windows for plenty of natural sunlight.

It will be easy to enjoy a quiet afternoon on your rear paver patio overlooking the landscaped backyard. This backyard affords a tranquil setting in which viewing nature will be pure joy and a negotiable small storage shed will provide a separate home office. Additional bonuses include: a newer roof, furnace, water heater and lighting fixtures and fans. Completely move-in ready, this could be the home you have been dreaming about!

 

California Home Sale Prices Continue to Climb!

Livermore Home PricesCalifornia home prices continued to climb during December 2012, according to the California Association of Realtors! The median price of a California home increased 5%  from November to reach $366,930 in December. This is a 27%  price increase from December 2011.

Shrinking home supply remains the big issue in California real estate. The unsold inventory index, an indicator of market supply, declined to 2.6% in December. This is a further reduction from the November index of 3.1%. A year ago, the index stood at 4.3%

Alameda County’s median home price was $529,910 as of December 2012. This is a price gain of 5.2% from November, and a gain of 17.8% from December 2011.

Livermore is experiencing these same trends. If you look at the Livermore home sale statistics on my website, you’ll see that the average home sale price for the last 30 days was $473,586, with homes spending an average of 34 days on market. Our home inventory vs. our rate of sales absorption creates less than 1 month of supply. You can’t slice it much thinner than that! Our list-to-sales ratio is 100.8%, meaning that Livermore home sellers are getting their full asking price, and then some.

What’s behind the disappearing home inventory? A perfect storm of increased buyer demand from an improved economy, a reduction of distressed properties hitting the market, a lack of new construction, and homeowners who cannot yet afford to sell. In short, there is no quick fix for the lack of inventory. Until more California homeowners recover equity, home supply will remain limited.

There is some hope for relief on the horizon, as banks prepare to release long-held foreclosures to the market, and home construction starts pick up. But until we see balance in our home supply, home buyers in Livermore and throughout California will find themselves in competition for the listings that are available.

Our home market in Livermore Valley needs more homes for sale! If you are a California homeowner, you could be looking at the best opportunity to sell your home that we’ve seen in years. As your Livermore real estate expert, I will provide you with a comparative market analysis and all the facts on recent home sales. I’ll show you a net sheet that estimates your proceeds, so that you can make a fully informed decision. There is never any pressure to sell – I give you the information, and the decison is yours to make!

Contact me today for your free, no-obligation home selling consultation in Livermore, Pleasanton or Dublin!

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
View Livermore Listings
Visit My Website

Home Prices Rise as Distressed Sales Fall in Livermore, CA!

Did you know that the current average listing price of a Livermore home is $1,068,938? The real estate market continues to charge ahead, with a list-to-sales ratio of 100.2%.

This means that the vast majority of  Livermore home sellers are getting their asking price, and then some! Home buyers in Livermore Valley aren’t just off the fence, they’re ripping out the posts.

We can credit some of the market activity to continued low mortgage interest rates, an improved employment picture, and a scarcity of homes on the market. But the reduction of distressed home inventory is the biggest story in California home sales.

The California Association of Realtors® reports that equity sales continue to gain market share statewide. Traditional home sales in California for October 2012 were 63.4% of the market. This is the highest level of equity sales since June 2008!

Distressed home sales, consisting of bank-owned property and short sales, represented 36.6% of the market.

Within the distressed sales, there is a ratio worth following between bank-owned homes and short sales. Bank-owned homes accounted for 11.8% of the distressed market in October 2012. Meanwhile, short sales accounted for 24.4% of the market and continue to gain ground as foreclosures shrink.

This matters because short sales are based on current market value, whereas foreclosures are usually discounted. Short sales are not as harmful to surrounding property values, and so watching this ratio trend in their favor is encouraging.

There are a few concerns on the horizon, including the much-publicized “fiscal cliff”, and the pending expiration of the Mortgage Debt Relief Act of 2007.  Industry trade groups are doing heavy lobbying to make sure the importance of a healthy housing market is not forgotten by lawmakers.

Meanwhile, our home market in Livermore Valley needs one more thing to sustain growth – namely, more homes for sale! Now is the time to make your home selling plans for 2013!  As your Livermore Valley real estate professional, I will provide you with a comparative market analysis and all the facts on recent home sales. I will also provide you with an expert marketing strategy to sell your home quickly and for the best possible price.

Contact me today for your home selling consultation in Livermore, Pleasanton or Dublin!

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
View Livermore Listings
Visit My Website

Home Prices See Gains in Livermore Valley!

Home sales in Livermore Valley are keeping a brisk pace, thanks to low housing inventory and motivated buyers. The situation is similar throughout California, with recent articles in the San Francisco Chronicle and the Los Angeles Times echoing a theme of housing scarcity. Competition among home buyers in the $500,000 and under price range is particularly strong, and bidding wars have resurfaced in popular areas.

The laws of supply and demand have lifted home prices in Livermore. Looking back at homes sold during the past six months, the average sales price was $428,779, with an average of 34 days on market. If we narrow the focus to homes sold in the past month, the average sales price is $460,171 with a mere 27 days on market. The pace and price of our housing market has accelerated! You can see more details about the Livermore real estate market by visiting my statistics page.

To bottom-line it, home inventory in Alameda County is down by 52% from a year ago. What’s behind the shrinking inventory of homes for sale? Here’s a quick rundown of the chain reaction:

Improvements in the job market. The Bay Area is once again booming with relocations, causing a ripple effect in outlying communities.

Rising California rents.  A two-bedroom apartment in San Francisco was averaging over $2,600 a month in May 2012.

Influx of foreign buyers. Sunshine states such as Florida and California continue to draw international buyers. Weakness in the European markets have caused international investors to flock to U.S. real estate.

Improvements in short sales. New regulations and process improvements have quickened sales of distressed properties.

Reduction in foreclosure activity and defaults. Large banks have improved their mediation procedures, and an improving job market has helped more homeowners remain current on their mortgage payments. The Mortgage Bankers Assocation reports that new defaults are at their lowest point in 5 years.

Underwater homeowners are waiting to sell. More homeowners with negative equity are content to ride out the market. This wait-and-see posture isn’t without risk, considering the pending expiration of the Mortgage Debt Relief Act of 2007.

If you are buying or selling a Livermore Valley home this summer, you’ll need the latest market data for Livermore, Pleasanton and Dublin! You also need an experienced real estate professional who can guide you through today’s fast-changing market. If you have questions about Livermore Valley real estate, contact me! I will be happy to help you.

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
View Livermore Listings
Visit My Website