Livermore, CA Real Estate News

By Max de Vries
(Intero Real Estate Services)
I just want to say thank you to Fremont Bank.After I received an offer on a property in Livermore (Short Sale). I contacted the bank. They answered their phone within 3 rings gave me the info I needed. I submitted the entire package and within 48 hours we had an accepted offer. Anticipated closing time is 21 days from today.That is a far cry from some other Short Sales I have been dealing with. Sometimes life is just good.
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By Max de Vries
(Intero Real Estate Services)
But not in Livermore. Actually the Median home price in October was slightly up from the previous month. I know it was not a lot, but If we believe the local Newspaper then we do nothing but giving them away. It is just not true. We are still a very desirable place to live, and buyers are still willing to pay a premium to live in beautiful Wine country. reality remains... Homes in Livermore are selling.
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By Gordon Corsie
(Scotsman Realty Group)
There is a swing albeit a small one toward a more stable market, it looks like buyers who have been waiting have seen an opportunity to buy now and move in to their new home before Christmas.For full story; LIVERMORE SALES UP! 
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By Max de Vries
(Intero Real Estate Services)
44 homes in the 94550 zipcode in Livermore were sold in October with a median price of $740,000. Eventhough this was a huge decrease from last year, it was actualy 5% better then the Month of September. the Median price was up 16% comparing to last year. Homes in Livermore are selling. It is all about price. If you are priced right it will sell. This is the time to make sure that you set realistic expectations for your clients.Anyway it looks like that Homes in Livermore are moving in the right direction. 
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By Gordon Corsie
(Scotsman Realty Group)
The number one issue I come across today is an objection provided by a potential home seller, and it goes something like this; “We would like to sell, but since we can only sell for less than what the peak of the market was a couple of years ago, we will just wait and see what happens”. Well, Mr and Mrs seller, you are absolutely correct, you can only sell for what the property is worth today, not what it was worth in the past, but, and here is my point, it does not matter! Here is why...for full story...  www.scotsmansview.com 
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By Max de Vries
(Intero Real Estate Services)
Livermore homes aren't selling?Last week 14 homes went pending, with an average Sales price of $748,000. That is 3% of the inventory. I know it is not the greatest number in the world, but I know that one home sold for $1000,000 with 95% financing and a 683 Fico. I truly believe that the buyers mind set is switching from " I am waiting till the market hits Rock bottom" to " I think That we have hit Rock bottom, I need to buy now". My phone certainly has began to ring again, and it is not about Short Sales or Foreclosures, but normal transactions were the buyer just want to take advantage of this Market.If we can just get anyone to write, say or print anything positive about Real estate in Livermore or anywhere else in our beloved USA we might just turn the corner.my Pledge to all report...
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By Max de Vries
(Intero Real Estate Services)
As I was drinking my coffee and reading the SF Chronicle this weekend I had no choice but to read how desperate the Real Estate market in the Bay Area is. I'm sure we have all heard of the CREDIT CRUNCH. How we can not get any loans, every home is in A foreclosure or being sold short and the banks will take Pennies on the Dollar, New home builders are putting Pools in the Backyard and a Mercedes in the garage for free. Sellers will pay up to 4 point towards closing plus your HOA dues for the next ten years and your landscaper is payed for, untill he retires.  STOP LISTENING TO THIS NONSENSE!!! This is the reality. For the Month of October we sold 39 homes in Livermore. 33 of them were less than $10,000 off the asking price. they were on the market for 32 days on average. I Called and vi...
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By Max de Vries
(Intero Real Estate Services)
According to the local papers the Bay Area is ready to go bankrupt as far as Real estate is concerned. We all can make the numbers look anyway we want them to look. Manipulate a criteria as simple as a date and you can make it look really bad. However  these are the facts.  The Foreclosure rate in Livermore is not as high as in some other markets and certainly not as alarming.Here are the statsNotices of default in Alameda County are from September 1st till October 27th 1156. In  Livermore they are 56.The Notices of Sale are Alameda County 663 and Livermore 48 for the same time period.  The notices of Default in Livermore are at 7%. In places like Antioch you are looking at 15%. We are holding our own and the point is, that if you really want to now what is going on in your neighborhood...
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By Max de Vries
(Intero Real Estate Services)
Is there light at the end of the tunnel for Livermore Homes?If I listen to the Bulls it seems like every thing is going to be just fine by Spring of 08. I think that it is going to take a lot longer then that. I do believe that prices are stabilizing and that the buyers are starting to realize that there is a value in the asking price. Livermore is a very different city then any other place in the Bay area. The value is in the redevelopment of our Down Town area, and our desire to be the Number 1 destination in California for the Wine tourisme. We are continuing to improve our public school system and our other public services. If our Local Government stays focus on improving the issues that are important to the people of Livermore you will have made a great investment 3 years from now ...
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By Gordon Corsie
(Scotsman Realty Group)
I suppose that in order to answer this we must first look at what has happened and why, and if we do so then an answer begins to appear. Why has the market slowed and why have prices fallen?To begin with prices have fallen bacause there are now more buyers than there are homes for sale. As of today we have 292 homes available in Pleasanton and 539 in Livermore this is up @ 15% or so from this time last year.Sales are at @ 30 a month or so this too is down @25% from this time last year.BECAUSE;1/ Lenders loaned too much money to too many buyers who should never have been qualified to such a high level of purchase price.2/ Those buyers who bought with zero down loans and whose "OPTION ARMS" (Negative amortising loans) are adjusting upwards can not make the payments, and cannot refinance e...
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By Max de Vries
(Intero Real Estate Services)
Last Week in Review        "MISSED IT BY THAT MUCH." Remember the old show "Get Smart", when bumbling secret agent Maxwell Smart would describe his latest major goof by holding up his fingers about a half-inch apart, and emphatically stating that famous line? In similar fashion...it appears the Department of Labor missed some recent job creation counts by quite a long shot.Last Friday, the highly anticipated monthly Jobs Report arrived bright and early, showing 110,000 new jobs created during September, very close to what analysts had expected. But the real surprise was the upward revision to last month's shocking number, which had shown a LOSS of 4000 jobs in August. The revised number was a gain of 89,000 jobs, or a change of 93,000! That's right - the Department of Labor "missed it b...
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"WISH ME LUCK!" Last words spoken by Niagara Falls barrel rider...But luck hasn't been on the side of home loan rates, as Mortgage Bonds tipped over the edge on Thursday, adding to the brutal cascade lower which began on May 8th, and causing home loan rates to move significantly higher along the way. Last week the damage was particularly dramatic, as Thursday brought the largest single-day worsening in Bonds and home loan rates seen in three years. Although Friday brought a small amount of recovery, home loan rates still increased by .25% across the board overall.So what happened last week? There was a sell-off in Mortgage Bonds on the news of Central Bank rate hikes in other countries, as these hikes make other global investments more attractive than our US Bonds for those seeking high...
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By Chris Greenman
(Christopher Ross & Associates)
Its real simple, follow the stats and your eyes will open. We are not in a market that we were in two years ago. We are in a buyer's market. Keep this in mind not only if your planning on buying a home but also if your planning on selling your home. If you price your Livermore house like everyone else, your house will sit. However, if your realistic, and not in a fantasy world, then price your house accordingly, it will sell. We had over 100 houses sell last month. For all my blogger reader's, I think we have about 40 constant based on e-mails. I am so confident that the real estate market is close to the bottom and so confident that there are very good deals out there, I am willing to go into an investment with a select few of you that wish to take advantage of this market. Let me know...
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By Chris Greenman
(Christopher Ross & Associates)
There is something in the air in Livermore. It is the sound of Realtors starting to call me on some of the listings I have. After about a month or two of little to no phone calls, I have received over 10 calls this week for availability of some of my listings. What does this mean? Well possibly we are starting to see a turn around in the Livermore Real Estate Market. I will keep all readers informed on the trend. Lets cross our fingers and hope that after seeing the San Francisco market (A historical indicator of the Bay Areas success) increase over the last month, that Livermore is not far behind.
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By Chris Greenman
(Christopher Ross & Associates)
Well the stats are in for the last year from the California Association of Realtors. Byron, Brentwood, Martinez, San Ramon, and Fairfield get hammered by double digit losses for home prices. Berkley, Union City, Dublin, Livermore, Alameda, and Lafayette stay in single and double number increases. This is a natural balance occurring, and an even better indicator of places that will weather most any housing storm, considering many experts believe the worst has passed. Memorial Day weekend has passed us by, I will give everyone quick updates on how this will effect Livermore Real Estate in the next few weeks. Traditionally this is when things start heating up, stay tuned
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