Livermore down town hype

OK so whats the real deal with all the "downtown Livermore hype" Its looks like some property owners need a reality check when it comes to there expectation of realistic value of there close proxsimity to downtown Livermore.There are a couple pieces of Livermore real estate for sales on Chestnut st and 2nd st in Livermore right now. Both owners have there price about 100K over realistic market value of what there home would sell for. Notice the opporative word "would" I use that word because there home will sit....and sit...and sit....just because something is located close to downtown Livermore is not that big of a deal....yet....("yet"another opporative word)If and when downtown Livermore takes off values around immediate downtown may be a little more dersiable but come on just because you have a oversized lot that is duel zoned is great for someone to come in and build on...in a different market.... due to this sub-prime shakeout people can barely get financing to buy the house, let alone buy and build! That means the owners are marketing to investors who would build. Only problem with that is any investor knows only to pull the trigger on any purchase in this market or a purchase to built at that, is sitting on the side lines watching all the other over priced homes sitting around.So you either have to find an over axtios investor that loves to throw money around and just loves to build for a hobby with no brains or realize that your overpriced home close to downtown Livermore is only worth what someone will pay for it today! Another problem this causes is an unrealistic perception of what the market is doing based on certain prospect sellers that have homes way overpriced sitting on the market for long periods of time. So when someone asked me about the Livermore real esatte market I have to ask them...well it all depends my friend. Timing, location, pricing, inventory all come into play at the end of the day! It kind of reminds me of the gold rush(though I wasnt actually around then) but in theory from the few historys classes in school that I actually participated in I remember the simularities.I think once the performing arts theator kicks in we should see some different views of option & attraction in the downtown Livermore real estate market....who knows, its all speculation right? p.s. don't pull any light handed ribbing on my spelling, spell check doesnt work on real time blog entries....besides I said in this blog I wasnt around much in high school........www.StevesHomeSearch.com