Bay Area, Tri-Valley Home sales and results

Well the stats are in for the last year from the California Association of Realtors. Byron, Brentwood, Martinez, San Ramon, and Fairfield get hammered by double digit losses for home prices. Berkley, Union City, Dublin, Livermore, Alameda, and Lafayette stay in single and double number increases. This is a natural balance occurring, and an even better indicator of places that will weather most any housing storm, considering many experts believe the worst has passed.

Memorial Day weekend has passed us by, I will give everyone quick updates on how this will effect Livermore Real Estate in the next few weeks. Traditionally this is when things start heating up, stay tuned.

A shift for the better for Livermore Real Estate

There is something in the air in Livermore. It is the sound of Realtors starting to call me on some of the listings I have. After about a month or two of little to no phone calls, I have received over 10 calls this week for availability of some of my listings. What does this mean? Well possibly we are starting to see a turn around in the Livermore Real Estate Market. I will keep all readers informed on the trend. Lets cross our fingers and hope that after seeing the San Francisco market (A historical indicator of the Bay Areas success) increase over the last month, that Livermore is not far behind.

Livermore is a diverse community, with a very high percentage of home-owners

I have been e-mailed several times to post demografic statistics for Livermore, so below are the latest statistics I could find, enjoy.

Median resident age: 35.0 years.Median household income in 2005: $96,632 (it was $75,322 in 2000).2005 median house/condo value: $662,100 (it was $314,600 in 2000).Median gross rent in 2005: $1,314.Percentage of residents living in poverty in 2005: 6.2%

Races in Livermore:
White Non-Hispanic (74.4%)
Hispanic (14.4%)
Other race (5.3%)
Two or more races (4.5%)
Filipino (2.2%)
American Indian (1.6%)
Black (1.6%)
Chinese (1.0%)
Asian Indian (1.0%)

As it would be imagined in a great City of Livermore, the population represents very similar demographic patterns to the country itself.

Price your Livermore house right and it will Sell

Its real simple, follow the stats and your eyes will open. We are not in a market that we were in two years ago. We are in a buyer's market. Keep this in mind not only if your planning on buying a home but also if your planning on selling your home. If you price your Livermore house like everyone else, your house will sit. However, if your realistic, and not in a fantasy world, then price your house accordingly, it will sell. We had over 100 houses sell last month. For all my blogger reader's, I think we have about 40 constant based on e-mails. I am so confident that the real estate market is close to the bottom and so confident that there are very good deals out there, I am willing to go into an investment with a select few of you that wish to take advantage of this market. Let me know! I will put my money where my mouth is.

Pending houses in livermore proves history's lessons

The pending house sales in Livermore reached a interesting milestone last week. It seems that 52% of the houses that are pending fall into the 300K-550K range. The rest of the pending homes are 550K and above. What does this say about Livermore's real estate? Basically that history dictates housing patterns. Entry level housing stays the strongest in a down market like the one we are experiencing. However, one can also assume there is still room for more of a downturn since this is the segment of housing that adjusts lasts and goes up first in a better market.

Don't become too alarmed though, recent stats from the Bay Area Association of Realtors says that Tracy and Livermore actually saw an increase in home value by 1.5% last month. Because of this often time conflicting data it is real important for us to keep a careful eye on the Livermore Real Estate market and look for more convincing numbers.