The real estate inventory is at year round lows! There are 189 homes for sale in Pleasanton, 257 homes for sale in Livermore, and 185 homes for sale in Dublin CA. This is typical for this time of year although these numbers are similar to inventory numbers in 2003 – 2006. So what does this mean? These numbers technically mean we are in a seller’s market. A seller’s market is when there is 3-6 months of housing inventory. This is not entirely the case in today’s market though. The sellers are not in complete control, and buyers are very patient. It seems buyer have established confidence in the real estate market, yet are prepared to wait for the perfect deal. Interest rates are definitely helping as rates are about as low as possible. Seller’s on the other hand think their homes are worth more than they actually are and often over price them. Today’s buyers are researching comparable sales more than ever, and rarely over pay for homes. Although with not many options to chose from buyers may have to settle with what is available now. Typically more homes will come on the market in the beginning of the year. Each of the cities can use the inventory to have a well balanced market.
Hot New Listings in Livermore
The week of November 1st Livermore introduced 25 new homes for sale. There are some beautiful homes that came up on the South Side of town. 2324 Rock Point Place is a beautiful home in The Oaks. This home is 3405 sq ft of living space on a large lot for $1,039,000. 1125 Orchid Place is a another sharp home in the Prima subdivision. This home is 3532 sq ft that is listed for $955k. The best buy of the week is 716 Traviso Cir which is in the Alden Lane neighborhood. This home is 3655 sq ft and is listed at $899k. That is only $246 a square foot which is a great price for that location. There was also a foreclosure that came on the market in The Bluffs subdivision. 2179 Bluffs Dr is 3584 sq ft of living space and listed at $749k. That is an awesome price for the home although the location is on the outskirts of Eastern Livermore. You can view all these homes by clicking here!