Michelle Lewis
Coldwell Banker Realty

Livermore Sept. Market Report.

 

Dear Neighbor,

Like many, you might be feeling the need for some breathing room. As our lives expand, our Pleasanton and Livermore homes often struggle to keep up.

 

However, upgrading is no small task and there’s a lot of money on the line, so you’re right to want to get the most out of your current home.

This requires an in-depth understanding of the market that we are in, and where your home fits into the landscape.

 

Here’s what’s happening in the Livermore/Pleasanton area:

 

Inventory is down, and demand is up.

Consistently high demand continues to be gobbling up inventory. Year-to-date (YTD), inventory is down by over 50% from this time last year. With less than 1 month of inventory available, increased competition for homes has pushed the median sale price to $920k YTD. This is a 8.7% increase over 2019 YTD.

 

The data shows favorable conditions for well-prepared homeowners. With proper preparation and pricing, now is a great time to maximize your equity.

 

Homes are being scooped up quickly.

With limited inventory and rising prices, we might expect homes to sit on the market for a bit longer. However, that has not been the case. In fact, the median days on market for homes in our area remains exceptionally low, at 20 days compared to 37 days in 2019.

 

With this much opportunity, the last thing you want is to be “that” home that sits on the market for too long, leading others to believe that there’s something wrong with it. Having a proven marketing strategy is key to maximizing your equity in the fewest days on market.

 

Buyers are actively searching now.

Thanks to moves by the Fed to mitigate the impact of COVID-19, interest rates have been historically low. This provides buyers with more purchasing power and more incentive to act now while borrowing is cheap. Proper preparation and positioning are imperative to make your home a must-have listing.

 

As a homeowner, what does this mean for you?

 

If you’re thinking about selling in the next 12 months, now is the time to start preparing for

market.

 

It’s my job to manage the details so that you don’t feel forced to put your life on hold during this transition. From beginning to end, I’m here to help you catch the snags, avoid surprises, and ultimately get the return on investment that you deserve.

 

My systematic home preparation process and cutting-edge marketing strategies are designed to pull buyers in and help them appreciate all that your home has to offer.

 

As your representative, I keep you informed throughout the process and ensure that you’re getting the best possible terms of sale. That’s why, for years, my clients in the Pleasanton/Livermore area have trusted me with the careful handling of their largest financial assets. 

 

If you are thinking about selling your home in the next 12 months, call me today for your

Initial Consultation 925-785-4358

Tell me about your home, ask your questions, and I’ll explain how I can help you maximize your sale. If it feels like we make a good fit, we can discuss the next steps.

 

Call today 925-785-4358

 

To your success!

 

Michelle Lewis

License #01997405

Coldwell Banker Realty

www.michellelewis.cbintouch.com

 

 

 

 

 

Livermore Market Highlights

Single-Family Home Stats

August 2019 or 2019 YTD

August 2020 or 2020 YTD

2019 vs. 2020

Analysis

Median Sale Price

 

840,000

920,031

 Up 8.7%

Median sale price is now at $920,031up 8.7% from $840,000in  2019. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.

Median Days on Market

29

22

Down 25%

Median days on market are exceptionally low, at 22 for the year. Current high demand and low supply play a major role, especially when compared to 2019’s statistic at 29 Days. Strategic pricing and marketing ensure your home sells for top dollar in few days on market.

Sale-to-List Price Ratio

99.8%

101.3%

 Up

.5%

Correctly priced, strategically marketed homes sell at or above list price, and sellers focused on ROI often seek my advice on how to invest in strategic updates before listing their home for sale. This year’s ratio is at 101.3%.

Price per Square Foot

$482/sq.ft

$500/sq.ft

Up

3.6 %

Demand in Pleasanton is on the rise, and price per square foot is now at $500/sq. ft. for 2020 compared to $482in 2019. To maximize your results, it’s extremely important to have a proven strategy and expert guidance from the beginning.

Months of Inventory

2

.5

Down

75%

With extremely high demand and few properties listed on the market, it’s that much more important to correctly price and position your home from the beginning so you can get top dollar as “best in show” rather than sitting on the market.