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The Housing Market Forecast:  What to Expect in the Real Estate Market in Q4 and Beyond

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As realtors® and homeowners in the Tri-Valley, The Gamache Team is keeping our eye on the trends in the real estate market. Our clients count on us to price their homes to sell quickly and at a price that attracts a lot of buyer attention. Buyers depend on our knowledge of real estate to guide them to make smart financial decisions in regard to real estate.

2019 saw a sturdy economy with unemployment being the lowest in years, interest rates reaching an exciting low, mortgage applications on the rise, and the sale of existing single-family homes showing a year over year gain for the third consecutive year, according to the California Association of Realtors®.

As we reach the end of the year what can the Tri-Valley expect to see in terms of the real estate market?

Is Now the Best Time to Sell or Buy in the Tri-Valley?

Several sources predict the real estate market in Q4 and beyond will remain strong and steady, creating a more balanced market.

Sellers need to be realistic that home sale prices will be less inflated than in months past, but with less inventory, buyers will be competing for the available homes. Another change of which to be aware is that homes are expected to take a little longer to sell and will not receive multiple offers.

Buyers can expect the traditional transition of less homes on the market due to the holidays, but this can be a positive motivator for buyers who do not want to contend with multiple offers and inflated asking prices. With interest rates projected to remain low, Q4 and the beginning of Q1 is a great time to buy a home.

First time homebuyers and millennials will likely be some of the most active buyers, with low unemployment and favorable interest rates.

What Does the Housing Market Forecast Mean for Investors?

It’s always a good idea to discuss your real estate goals with a trusted financial advisor and to search for a full-time, professional realtor who is familiar and serves the area you are interested in investing.

Whether you are looking for a 1031 exchange or a new property, Q4 and beyond are a great time to invest. New construction is up, and the availability of homes still creates a strong market. Taking advantage of low interest rates can put valuable money that you worked hard for back in your pocket.

Contact The Gamache Team for all of Your Real Estate Needs

The Gamache Team is the perfect blend of experience, energy, and knowledge to offer unmatched service to all our clients! In any phase of real estate, The Gamache Team is prepared to handle it with you. With over 20 years of Tri Valley real estate experience, The Gamache Team is ready to give you the best service possible! DRE #01237538

 

Come Home to Livermore, CA

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Homebuyers looking for their new home have a list of considerations, somewhat like a bucket list for moving. In our many years of helping people and their families find new homes, most people consider the following essentials when planning a move:

  • Neighborhood
  • Schools
  • Proximity to transportation
  • Ease of access to freeway
  • Parks, shopping, restaurants
  • Safety
  • Diversity
  • Recreation
  • Jobs

Livermore, CA Tops the List of Moving Essentials

According to the popular website, Niche, which grades areas to live, Livermore, CA earns a B+ as an overall score. Residents in Livermore, CA cite schools, weather, safety, jobs, commute potential, and family atmosphere as some of the top reasons for living in Livermore.

Livermore Offers City and Country Lifestyles

Livermore is located in Alameda County and offers a suburban feel with a touch of small town country charm. Its streets are lined with boutique shops, restaurants, one-of-a-kind gems, and hidden treasures.

Parks with fountains and sitting areas and historical roots compliment the town, whose residents line the streets for the annual Fourth of July celebration. The rodeo is a huge hit in the town, giving homage to its ranch history.

Wine Lover’s Delight

Wine lovers no longer have to travel to Napa for the taste of great wine. Livermore is full of beautiful wineries such as Concannon and Wente Vineyards, which also offers musical venues and is an historical landmark.

Golfer’s Paradise

Golfers can pick from some of the most beautiful places in the world to golf. With mountains and vineyards in the picture, golfers enjoy views and a challenging course.

Las Positas, Wente Vineyards, and Poppy Ridge top the list of some of the best golf courses.

Your Feline and Canine’s Dream Come True

Livermore residents enjoy recreation just as much as their pets do! Livermore Ranch Kennel offers your pets an opportunity to frolic among friends for the day or an extended visit while their owners work or play.

Thinking of Making a Move to Livermore? Contact the Gamache Team

For decades, The Gamache Team has been helping people move to Livermore. They have recently sold one home in Livermore and are looking for a buyer for their property at 779 Vinci Way.

If you or anyone you know could benefit from the experience, dedication, passion, and commitment of The Gamache Team, please contact us by email Dan@gamacheteam.com or by phone (925) 918-0332.

 

8/26/19 Home Stats in the Tri-Valley Area of Livermore, Pleasanton, & Dublin

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Total ACTIVE in the Tri-Valley: 403 Total PENDING in the Tri-Valley: 284

The Tri-Valley continues to be a popular place to call home. With its abundance of family neighborhoods, parks, top-rated schools, mild weather, shopping, restaurants, and great location for work, travel, or recreation, the Tri-Valley maintains a healthy real estate market.  Here are the market stats for the week of 8/26/2019.

Livermore

Active:

Number of actives this week: 148

Number of actives last week: 143

That is a: 3% increase

Average days on market: 43

Median Price: $834,475

Average Price: $1,001,593

 Pending:

Number of pending this week: 109

Number of pending last week: 116

That is a: 6% decrease

Average days on market: 34

Median Price: $768,500

Average Price: $873,322 

Pleasanton

Active:

Number of actives this week: 139

Number of actives last week: 133

That is a: 5% increase

Average days on market: 47

Median Price: $1,098,888

Average Price: $1,509,142

Pending:

Number of pending this week: 85

Number of pending last week: 89

That is a: 4% decrease

Average days on market: 26

Median Price: $1,088,000

Average Price: $1,182,178

Dublin

Active:

Number of actives this week: 116

Number of actives last week: 116

That is a: 0% increase/decrease

Average days on market: 33

Median Price: $879,000

Average Price: $992,921

Pending:

Number of pending this week: 90

Number of pending last week: 96

That is a: 6% decrease

Average Days on Market: 33

Median Price: $909,975

Average Price: $985,628

Thinking of Buying, Selling, Relocating?

The Gamache Team is the perfect blend of experience, energy, and knowledge to offer unmatched service to all our clients! In any phase of real estate, The Gamache Team is prepared to handle it with you. With over 20 years of Tri Valley real estate experience, The Gamache Team is ready to give you the best service possible! 

Please contact us by email Dan@gamacheteam.com or by phone (925) 918-0332.

*stats as of 8/26/19

Interest Rates go Down for the First Time Since 2008

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Good news from the Federal Reserve who cut interest rates for the first time in over a decade! Homeowners and those looking for a home loan can celebrate the one quarter of one percentage point lower interest rate which can add up to big savings.

Now is a Great Time to Buy a Home

Timing is everything, and for those homeowners or homeowners-to-be who waited to buy, now is the perfect time to buy your next home. With rates as low as 3.375% on a 30-yr fixed loan, you can save thousands on a home loan or upgrade to a home with a larger asking price.

What the Federal Reserve’s Decision Could Mean for the Housing Market

A drop in interest rates could mean more homes will be on the market, pushing homeowners who were previously on the fence to sell and buy their next new home. With such low rates tempting people, more people might jump at the chance to move up or out, leaving a supply of new homes in the third and fourth quarters.

Homebuyers who may not see themselves in a home for a long time can enjoy the low adjustable rate loans, currently set at 3.625%. A lower rate means a lower mortgage payment, and more money for vacations, remodels, home improvement, college, or retirement.

Helping Buyers and Sellers in the Tri-Valley Area Fulfill Their Real Estate Dreams

The Gamache Team has been assisting homebuyers and home sellers in the Tri-Valley for decades. Our family enjoys living here and can help you pick out your next new home. We know the neighborhoods, schools, recreational opportunities, and best places to grab a bite to eat or enjoy a bargain.

If you are considering a move to the Tri-Valley area, we invite you to visit our home page and check out the areas that interest you.

Please feel free to contact us for a no-pressure consultation. We are happy to assist you and answer any questions you may have about moving to the Tri-Valley, giving you an estimate on your home’s value, or partnering you up with a lender who can help you take advantage of these great rates!

 

 

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