Oddest time in the market I’ve seen in at least a decade. As
Livermore proves to be one of the “last stops” for value compared to many other
greater Bay Area locations, we are seeing an interesting dynamic in the market
right now. That is inventory going down; rates going up, half the properties
selling are going for asking or over still but less inventory and properties
are sitting on the market longer! One thing I am noticing is buyers want value!
They are more educated than ever. If they are going to pay a premium for
something it better be the nice and in a good location. Sellers trying to get a
premium for a fixer or something located in front of a busy street or a goofy
layout is not happening and that is one of the areas we’re seeing the price
reductions.
So what’s making this market? Is it the Holidays? Is it rates creeping up?
Are buyers back on the fence? Is it that fewer sellers want to sell and many
who have sold have made their moves already timing the market at a speculated
high creating less inventory? 2014 will be an interesting year for Livermore
Real Estate. Stay tuned for what’s to come with Steve Eveleth Livermore Real
Estate Success!
60 homes on the market today in Livermore
Past 60 day sold comps Livermore
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