Livermore California Real Estate market conditions report by Steve Eveleth on V day!

59 houses on the market today in Livermore California. Its been about 18-20 months now of inventory in Livermore staying consistent at 50 to 70 homes on the market at all times. This indicates supply and demand is staying consistent. Supply and demand, which can be effected by interest rates influences increase or decrease of inventory on MLS. Increase or decrease of inventory on MLS can indicate a shifting market. So far that has not happened. Its still  a sellers market with multiple offers, some above asking, some right at asking and once in a while a little under but rare. As long as interest rates stay reasonable I feel confident we'll see a conservative 10% gain this year in Livermore. Livermore California really is its own market and might I add a little gold mine at that! Unlike san ramon, ptown, danville, fremont, South Bay, SF, many of those areas have been at a premium for a while, kind of "capped out" but stilling on an upward trend. Livermore on the other hand has as much or more to offer and has always been kind of the "underdog" town, leaving more room to come up! Go Livermore! Bam! http://www.580homesales.com/web/AR470747/ListingSearch/load_saved_search/?ss_id=5255498&nav_page_id=6514799

Livermore California Real Estate market shows no signs of cooling off first quarter by Steve Eveleth 925-487-2246

Phone calls, emails and text continue to roll in on most new listing in Livermore California. How many offers are there? When is the offer cut off date? Are you over asking? What is it going to take to get the house? These are some of the common questions still dominant as buyers step up to the plate ready to pull the trigger without hesitation in the hot Real Estate market in Livermore California. If your a buyer expect to pay at least full asking price or over. From what im seeing on MLS today 2/11/2014, about 1/3 of properties are going for a little under, a 1/3 going for right at asking and the other 1/3 going over asking. If they are going for over, about 3-5% over is the norm. About 1-2 weeks on the market is average. The nicest turnkey stuff goes hot off the line usually no more than a week on the market. Open houses and brokers tours are a most buyers tool at gaining an edge on the crowd in multiple offers situations. 

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Livermore California home prices continue an upward trend by Steve Eveleth 925-487-2246

at the end of last year many were scratching their heads, eyeing the market with suspicion as to weather a "cooling off period" was on the horizon. At this time we are continuing to see low inventory, interest rates average for the last 12 months, (about 4.25-4.75, anything under 5% should not effect the affordability level say many annalists) and simply put , buyers are continuing to scramble to "get theirs". Multiple offers on many properties still going at full asking or over. We are also seeing all cash offers coming in on many different price points. From the low priced entry level to high end, i would say from what I see in my local market, about 25 to 30% of offers are all cash. Most of the other offers are 10-20% down or more. Once in a while we'll fee an FHA, VA or 203 rehab loan but those usually don't make the cut in today's market. There are still TONS of flippers out there and long term hold investors simply looking to buy and rent out. The flippers are having a hard time finding properties with decent margins in them because they get beat out by owner occupants and long term investors that will pay full market value as they hold for the long run.  Hang on folks and enjoy the ride and remember, if your in the market for the long run its never a bad time to buy. If your looking to sell and have a "magic number" in mind, its safe to say you might be pleasantly surprised at how close you are if not already there. We are currently at 05-06 home price levels at this time. My prediction is we see a conservative 10% this year in home price increases as long as inventory stays tight and rates don't increase too much too fast. Bottom line is the population is increasing faster than there is enough housing to accommodate creating a bottom line supply and demand issue, along with low rates and stimulated job growth and better economic states all fuel the market on an upward trend for now! GLTA enjoy the ride, up we go , when it stops no one knows! Steve Eveleth REMAX ACCORD Livermore California homes for sale 925-487-2246