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south livermore market update

Great News for the South Livermore Real Estate Market!

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With Q2 just wrapping up, the South Livermore Real Estate Market is showing gains in home sale prices. The median sales price is $1,953,727, up 15.8% since March 2023.

As can be expected this time of year, the number of South Livermore home sales has also increased to 22 or 88.33% in 90 days. This is an increase from 12 homes in the previous 90 days. Currently, there are six South Livermore homes pending and five active. 

South Livermore Home Sellers Should Not Wait to Sell

South Livermore Home Sellers who wanted to wait for the market to get stronger would be smart to act now rather than later. With these numbers in mind and the fact that summer is one of the hottest times for buyers to purchase, waiting to list your home could cost you a buyer. 

At this time, homes only sit on the market an average of 19 days, and the market is still seeing homes go above asking price and with multiple offers in some instances. 

Also, since the Feds chose not to raise interest rates, buyers who can afford your home at its current price might be more enticed to buy now instead of gamble on the timing of the next rise in interest rates (source).

The Key to Selling Your South Livermore Home

The key to selling your South Livermore home and getting a solid offer is to work with an experienced Realtor® who specializes in South Livermore home sales. 

There are many Realtors out there, so when interviewing, chose a Realtor who

  • understands the South Livermore market
  • prices your South Livermore home to sell based on the comps in the area
  • guides you, the homeowner, to list your home for a price that will attract the right buyers who understand the value of your home and not on what you want it to sell for
  • markets your home to look its very best from the inside out
  • advertises your South Livermore home to be seen by the most qualified individuals
  • negotiates an offer in your best interest

Thinking of Selling Your South Livermore Home? Contact The Gamache Team

The Gamache Team has decades of experience helping homeowners just like you sell their South Livermore homes. 

The key to our success is our years of experience and relationships with vendors, other agents, loan officers, knowledge of the real estate market, marketing expertise, and negotiating on your behalf. 

With the market selling homes quickly, it’s more important than ever to begin the process of getting your home on the market.

If you are curious about the value of your home, The Gamache Team would be pleased to provide a current market analysis and take you through the sales process with a no pressure approach. 

Please text or call us at (925) 918-0332 or email us dan@gamacheteam.com. 

 

 

 

South Livermore Real Estate Market Update

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The latest south Livermore real estate market update shows low inventory but high home sales. The Gamache Team reports an increase in median sales prices with a value of $2,075,000.

Higher home prices are driven by the low inventory and buyers who are tired of being turned down repeatedly and competing with other buyers for the same homes. We are still seeing multiple offers on homes that are in great condition and priced to sell.

Statistics such as these should make current homeowners in south Livermore extremely happy, especially if they are considering a move in the near future. With little to no competition, a home that is listed for sale in south Livermore is a hot commodity and will most likely sell quickly.

How Will Interest Rates Affect My South Livermore Home Sale?

With interest rates slowly rising, buyers will be able to afford less home, and your home may have to be priced lower to make it more affordable. The good news is conforming loan limits in California have increased, providing better rates and easier underwriting requirements.

If you are considering selling your south Livermore home, The Gamache Team is happy to present you with a home valuation for your consideration. Just contact us to set up an appointment. 

I’m a Buyer Looking for a South Livermore Home. How will Interest Rates Affect Me?

With current rates as they are, it’s still an amazing time to invest in residential real estate. South Livermore homes have traditionally maintained their values; with people being able to relocate to a cheaper area with more home and or land, now is an excellent time to find your south Livermore home. 

You may be using an app to locate a home for sale, but in this market, with low inventory and high demand, the likelihood of that home still being on the market when you are ready to see it is low. 

The Gamache Team is happy to connect with you and alert you when we discover a home in south Livermore is going on the market. We have access to off-market listings and south Livermore homes coming soon to the market.

Please email me at Dan@gamachetteam.com.

Contact The Gamache Team for All Your South Livermore Home Sale Needs

The Gamache Team has been serving the south Livermore home sales market for decades. We are experts in getting you the most out of your home sale and making the process as easy as possible.

As residents in the Tri-Valley, we know the neighborhoods and keep a careful eye on the market so you get an edge on your competition and do not overpay for your home. 

Looking for a real estate professional who specializes in the south Livermore market? Contact The Gamache Team. 

 

 

South Livermore Real Estate Market Update for November

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The end of the year is on the horizon, and if you ever asked The Gamache Team if we expected the craze of the south Livermore real estate market to continue toward the end of November 2021, we might have answered with “Anything is possible!”

With the end of 2021 in sight, we are seeing a strong south Livermore market. Median sale prices for this area increased 2.2% over the last 3 months which is great news for both sellers and buyers who hope to gain more value from their new investment.

Economists will stand by their beliefs that the Tri Valley, especially the south Livermore market, is a very strong investment for many reasons. Weather, climate, location, schools, activities and the plethora of recreation make the south Livermore area a fantastic place to call home.

The Current State of the South Livermore Market

A quick summary of the south Livermore market shows the average days on the market to be 15 and both the average list per square foot and average sold list per square foot are up.

Normally, at this time of year, we expect to see less inventory as sellers and buyers settle into the holidays; but the homes that are on the market are in high demand and serious buyers are still making offers over asking price.

 

There’s Still time to Sell or Buy a Home in South Livermore

If you are looking to sell or buy a home in the south Livermore market, The Gamache Team would be happy to help you.

Contact us to learn more and to get you started on your south Livermore home selling or home buying journey.  

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