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Livermore Ca housing market update by Steve Eveleth 925-487-2246

Livermore housing market update:

There are currently 84 homes total on the market per active MLS. In the past 60 days we have 91 pendings and 36 closed. Assuming most of the 91 pendings will close lets say for round numbers sake about 50 sales per month. With 84 total homes on the market we are looking at about a 6-7 week supply. Also of the 84 homes are the market, about 25% are slow movers that have been on MLS for some time for one reason or another. So what we're actually working with is probably about 50 of the 84 that are in "active" phases of actually being sold which narrows out 6-7 week inventory down to about 30 days worth of actual moving inventory. Thats not much....not much at all!

We are staging up for another nice year of solid gains as long as rates stay put and job growth and economic factors stay strong and positive.

So what does this mean to you as a buyer or seller? Sellers you can expect your home to sell quickly if its priced right and often times for maybe a little more than you expect.

Buyers: take advantage of a mortgage you can afford with a low locked in 30 yr fixed rate. No one likes to buy at the top of the market. Buyers love to buy and a year later have some equity. If your buying in the very near future the chances are very high you'll look back and be glad you did!

(disclaimer: this post is just my personal opinion for information only and in no way should influence you to buy or sell with my services)

Livermore Ca real estate market update and prediction by Steve Eveleth 925-487-2246

18 new listings so far coming on tomorrow in Livermore. Pretty typical stuff for middle of February. I expect rates to stay pretty decent as its election year. I predict 10-15% gains this year. (in my opinion and in no way is based on anything factual)

My gut says trump gets in next year and since hes a real estate, business, republican, I cant see him doing anything other than continuing to support even further gains in the next few years to come.

Question is at what point will prices be too high for affordability? Some say now! However, I continue to see a vast source of down payment funds and a solid melting pot of buyers eagar and willing to snatch up properties still just as quick as they go on the market. Many thought we would see a "cooling off" last year and this year. Its certainly not starting off that way. Maybe next year? Until it does buyers and sellers are happy to keep buying and selling with no hesitation or reserves at this time............how long will it last? No one knows.

An older established wise broker told me a long time ago just before the 07 crash, "what goes up must come down". One thing for sure the real estate market is like the stock market, it will go up and it will go down so hang on and enjoy the ride in between!

Livermore Ca housing inventory update by Steve Eveleth Livermore expert

Complete list of Livermore Ca inventory today. 161 total active homes for sale per mls. What I am seeing in the market: Seems to be starting to transition into a more balanced market. Average selling time is 2-3 weeks. There are more price changes as well and a few back on markets. Buyers are not getting crazy over paying and they will walk away if seller is not reasonable in negotiations is what im seeing. I attribute this to sellers getting a little to optimistic based on the past hyper accelerating market which is cooling a bit now. Pricing strategies should be to list a property no more than the last comp or just a tad under to capture all the buyers shopping in that price range. Coming out the gate over pricing a home thats higher than recent comps based on a super hot sellers market will more than likely leave a seller sitting on the market and chasing the price down to where it should be instead of getting more than they expect pricing it too high. Best stratagy right now IMO: Price the home right at the closest most recent comp or 10k-25k under and your home should sell in 2-4 weeks.  http://www.580homesales.com/web/AR470747/ListingSearch/load_saved_search/?ss_id=5255498&nav_page_id=6514799

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Livermore California housing market conditions report by Steve Eveleth 925-487-2246

many are wondering if the market will "balance out" "take a little dip" or ive even heard some talk about another "bubble". For those who like to think extreme take a look at these facts and from what I see (in my opinion) there will be no huge drop and heres why: I just looked up the amount of pendings in the past 60 days. 100! Thats about two per day. Yes inventory is building up a little and there are less multiple offers and properties are sitting here and there but I believe that's pretty typical for this time of year. I'm seeing at least 50% of my sales 20% down, 25% more than 20% and another 25% all cash. This is a stable solid market. Folks are not going to walk away from their homes in my opinion for a long long long time. Buyers who are getting loans are stable documented established wage earners with money down, money in the bank and very very mindful and strategic about their financial moves in real estate.

So if theres 100 pendings in the past 60 days and 148 active listings and no more homes came on the market, thats only 90 days worth of inventory really. I believe as long as rates stay stable, economic conditions continue to improve, people make good money in the Bay Area and the population continues to expand (people making babies lol) these factors will all keep the market stable with "moderate gains" and equal negotiations between buyers and sellers more prevalent throughout the year and next.

(IMO) who really knows! 

http://www.580homesales.com/

Livermore California housing inventory stacking up a bit this week! By Steve Eveleth 925-487-2246

Lot of inventory coming on this could get interesting in Livermore. A more balanced market "could" IMO (in my opinion) be on the horizon in the near future if this keeps up. Good stuff for buyers. Sellers cant keep the ball in their court for too long, the real estate game is always changing! I doubt we'll see any crash (unless the middle east really goes on one lol) but really what I think if anything there will be a "cooling off" buyer and seller equal negotiations, buyers not having go crazy over asking, maybe being able to take their time and find a home they love, sellers giving occasional credits or doing some repairs ect........for us agents and brokers what does this mean? It means we work harder at buyer and seller negotiations , making deals happen and keeping them together and keeping both sides happy to close so get ready , our job skill set is always shifting just like the markets!  http://www.580homesales.com/
by Steve Eveleth
Livermore Real Estate Success!
925.487.2246
steveeveleth@gmail.com
yelps #1 reviewed Livermore Realtor.
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