The two charts below will give you an indicator of how the local real estate market has changed in a year’s time.
The first chart shows inventory levels, and uses a calculation to determine how many months that inventory would last at the going rate of sale. You can see that it is down dramatically from last October. Buyers who are out looking will let you know that there is often not much available in a given price range, and that many times they are competing with other buyers for the same property.
The second chart shows the relationship between the number of active listings on the market, and the number of properties that have gone into contract in a particular month. You’ll notice that the gap has shrunk considerably from what it was a year ago.
*The information above is based on single family detached homes.
As of Nov.3rd
Active Listings, Detached 119
Active Listings, Attached28
The two charts below will give you an indicator of how the local real estate market has changed in a year’s time.
The first chart shows inventory levels, and uses a calculation to determine how many months that inventory would last at the going rate of sale. You can see that it is down dramatically from last October. Buyers who are out looking will let you know that there is often not much available in a given price range, and that many times they are competing with other buyers for the same property.
The second chart shows the relationship between the number of active listings on the market, and the number of properties that have gone into contract in a particular month. You’ll notice that the gap has shrunk considerably from what it was a year ago.
*The information above is based on single family detached homes
As of Nov.2nd
Active Listings, Detached 159
Active Listings, Attached 38
Need to learn more about Livermore? This ten minute video will give you a quick glimpse into its past, along with some great footage about the recent downtown rennovation resulting in national recognition as a recipient of the Great American Main Street Award in 2009.
The 8th Annual ArtWalk kicks off Downtown Livermore on October 10, 2009. Livermore’s highly recognized Downtown redevelopment provides the perfect atmosphere for enjoying a leisurely stroll while viewing the work of over 150 local artists.
The event runs from 11 a.m. until 5:00 p.m. Artwork includes paintings, photography, pottery, textile art, jewelry and more. One of my personal favorites is my friend and neighbor, Katie Caulk.
You’ll have plenty of restaurants to choose from including Strizzi’s, Harry’s Hofbrau, (The Carvery), Dimitri’s and the newly opened Eddie Pappa’s. Don’t forget to stop by Blacksmith Square to taste some of Livermore’s finest wines.
At day’s end, be sure to go to the Bankhead Plaza, (on First St., right in front of the Bankhead Performing Arts Theater) for an end-of-event featuring live music and the close of the Art Banner Silent Auction.
Whew, we knew it was a difficult process but now it's a special event??!! Just today I learned about a one day foreclosure prevention event being held in various parts of the country.
Homeowners who have been unsuccessful in modifying their loans are showing up en masse (50,000 are expected!) to gain face time with bank representatives who are said to speed up the review process so borrowers will know by the end of day if it's a yes or a no.
In a nutshell, here's the process.
CEO Bruce Marks of Neighborhood Assistance Corp. of America (NACA) claims 80% of attendess are leaving with modified loans. Click here for the complete article.
An upcoming event in California could be a lifeline for distressed Bay Area homeowners. The next event is scheduled for Oct. 16-20, setting up shop at the Craneway Pavilion in Richmond. Visit https://www.naca.com/ for other cities and dates.
Let's hope this is a solution for many folks who've encountered nothing but roadblocks so far.
California DRE#01732313 Residential Realtor, serving the Tri Valley - Livermore, Pleasanton, Dublin as well as parts of Contra Costa County and the East Bay.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
