We’re already halfway through the year, and with Q2 behind us, The Gamache Team is pleased to present the July Real Estate Market Update for the Tri-Valley area.
If you are following homes for sale, homes sold, or home prices in Dublin, Pleasanton or Livermore, you will want to take a look at the latest statistics comparing July 2023 with July 2024.
Tri-Valley Homes for Sale
The latest statistics from David Stark at Bay East Association of Realtors show that all three cities have an impressive change year over year for Q2. The increase in inventory over the summer gives buyers more choices which also means that the average number of days a home sits on the market increased by 2 days.
Sellers, with more competition, it’s now more important than ever to make sure you work with a professional Realtor who knows how to prep, market, advertise, and price your house to sell immediately. When homes sit on the market too long, their value proposition is lowered in others’ eyes, and sellers often have to lower the price,
It’s better to come in with a strong price that is competitive in the market and to have a home that is move-in ready. Today’s buyers are looking for modern and updated homes which makes sense since they are spending more for a home and have less money to fix it up.
If you are looking to sell your Dublin, Pleasanton, or Livermore home, contact The Gamache Team today! We have recently had much success selling in these markets.
Tri-Valley Homes Sold
Year over year for Q2, the number of Tri-Valley homes sold is down just a bit for Dublin and even less so in Livermore. Pleasanton, however, shows a larger change from last June with a 26% increase.
These numbers still reflect that there are buyers wanting to purchase now instead of waiting. Smart buyers know that purchasing a home now means they won’t have to compete with so many other buyers or get into bidding wars. They realize that the higher interest rates will offset the increase in their home’s value. The ability to refinance when rates come down will be an offer they will surly consider.
If you are looking for a home in the Tri-Valley, please consider The Gamache Team. We often know of homes coming on the market and would be happy to guide you to making a smart financial decision.
Tri-Valley Sale Prices
Tri-Valley real estate is one of the best investments you can make. Our area is rich in diversity and offers a community connection, great weather, schools, shops, transportation, and vacation and leisure destinations.
For that reason, The Gamache Team is never surprised that Tri-Valley home sale prices increased from last year’s Q2 results.
What will Q3 bring? That is uncertain. We are heading toward the slower season, but that isn’t always indicative of lower prices. If you are serious about making a move, the time to act is now.
For all of your Tri-Valley real estate decisions, please consider The Gamache Team to represent you. We have more than 50 years of experience in servicing the Tri-Valley area.
