In all the decades we have been selling real estate, we can unequivocally say we have never encountered a real estate market such as today’s.
When the Tech Bubble burst in 2000 and the Housing Bubble burst in 2008, we saw a downward shift in the market. Homeowners panicked at the thought or reality of losing their homes as house prices plunged.
Despite the Pandemic, home prices are staying strong, with buyers often paying over asking price and sellers sometimes receiving multiple offers.
Low home inventory and historically low interest rates are credited with the shift in a hot summer market, replacing the 2020 dormant spring market.
Pending Home Sales Increase in June
According to the National Association of Realtor’s (NAR) July 29 report, pending home sales increased by 16.6%, keeping up a two month trend. Compared to year-over-year, 2020’s pending contracts are higher than 2019’s.
Sale Prices for Homes in the Tri-Valley Area
Curious to know what home sale prices are for the Tri-Valley area? Here is the latest update from June 2020 through July 29, 2020 for Dublin, Pleasanton, and Livermore.
Sales for Detached Homes and Condos/Townhouses
|
|
# Sold Detached |
# Sold Condo/ Twn |
Avg Sale Price Detached |
Avg Sale Price Condo/Twn |
|
Dublin |
88 |
62 |
$1,089,000 |
$677,500 |
|
Livermore |
211 |
52 |
$850,000 |
$660,000 |
|
Pleasanton |
158 |
29 |
$1,289,000 |
$730,000 |
Contact the Gamache Team for all of Your Real Estate Goals and Objectives
Whether or not you are thinking of selling your home or buying a new one, we would appreciate you considering us as your professional Real Estate Consultants.
If you have any questions about the market or real estate in general or need a reference for your home, we are offering our knowledge to you. Please contact us at (925) 918-0332 cell or email dan@gamacheteam.com.
Stay safe and well!
