Downtown Livermore median home prices surged to unprecedented levels, marking a 34% increase within the last 90 days. Year-over-year, the number of homes for sale increased by 25%, suggesting that the market is still very busy for both buyers and sellers (National Association of Realtors).
Great News for Sellers
The unusual uptick during this time of year is excellent news for Livermore homeowners who are seeing the values of their homes increase. The current average sales prices for a home in Downtown Livermore increased to 1.28M, up from 1.03 in August (source).
The Gamache Team has often bragged that Downtown Livermore is one of the best areas to live. Between the gorgeous wineries overflowing in our own backyard, offering tastings and luncheons as well as entertainment, to the world renowned golf courses, parks, recreation, top-rated schools, warm weather, quaint Downtown, and easy of commute for business or fun, Downtown Livermore is the place to live.
With home listing to sales prices topping 103% and the average sold price per square foot increasing from $595 to $650 since August, Livermore homeowners are sitting atop goldmines (source).
What does this mean for Downtown Livermore homeowners? Your home value may be much higher than you thought!
Downtown Livermore Homeowners, Now is the Time to Sell
If you are thinking of selling your Downtown Livermore home, now is the perfect time. Not only are home prices up, but the number of homes on the market is almost non-existent! There is only one active listing in Downtown Livermore, leaving plenty of opportunity for current homeowners to list now and soak up the qualified buyers.
Not sure what buyers are looking for? Current buyers are looking for 3 bedroom homes at an average sales price of $1.4M. That doesn’t mean to say that 4 or 5 bedroom homes aren’t moving. The quantity of homes sold is also determined by the number of 4 and 5 bedroom homes on the market, their price point, condition, and location.
Contact The Gamache Team for Your Downtown Livermore Home Sales Needs
For specific information and insight into your Downtown Livermore home’s value, please contact The Gamache Team. We have over 50 years of experience selling homes in Downtown Livermore, and we’d like to be able to help you price your home to sell.
