Sidewalk Homes Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 17, 2018

Predictions for 2nd Half of 2018

As we head into the 2nd half of 2018 in this incredibly robust real estate market, it's time to make a few predictions for what will happen in the balance of the year.  While I don't have a crystal ball, I do study the market every day, including subscribing to several national real estate reporting publications.  So here's what I see:

 

  1. Inventory, while remaining low, will increase in the 2nd half of 2018
  2. Interest rates will rise a bit more
  3. Market activity will slow down dramatically in late October, as is often the case in election years
  4. Days on Market will continue to rise nationally (current on average 72 DOM, much less in the bay area), which will cause
  5. Prices to flatten out (as opposed to the 5-10% appreciation we had the 1st half of 2018)
  6. However, prices of new homes will continue to rise in Livermore (due to increasing costs to builders)

What does all this mean for the value of your home?  Are we about to hit the peak and head for another collapse, similar to 2009?  Yes and no - we are likely near the peak now, but (and it's a BIG BUTT) rather than crash down like in 2009, my guess is the market will flatten out, not drop like a rock.  The market dynamics are very different than in 2009, when LOTS of recent buyers were underwater as soon as home prices stopped increasing.  

For sellers, NOW may be the best time to sell - sure, prices may continue to go up a bit, or rising interest rates could make homes more expensive for buyers, so that's a risk.  And for buyers, don't wait to buy - buy and then wait, as real estate LONG TERM is best avenue to wealth.

Posted in News
March 19, 2018

Livermore Spring Market Update!

St. Patricks Day marks the beginning of the spring real estate season.

 

I get asked daily some variation of "how's the market" or "have our prices hit their peak and are we headed for another crash?"  I'll answer that in a bit, but first lets look at the numbers.  Today we'll focus on Single Family Homes in Livermore.

 

A.  Inventory Stats

  • 68 homes currently for sale, 106 pending sales, 70 sold in the last 30 days
  • least expensive active home is $625K, the most expensive is $7.9 million
  • of these 68, 45 are listed for under $1 million (23 over), median price is $827K (meaning half are listed under $827K, half over $827K)
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Posted in Market Updates
Jan. 16, 2018

Splash and Smile on Livermore Real Estate

Livermore real estate residents dive into fun at multiple area pools. The local Aquatics department features an array of water based activities including recreation swim, lap swim, water polo, swim lessons and exercise classes. Year round programs help support exercise as part of a healthy lifestyle

Over at 444 East Avenue the Robert Livermore Aquatic Center overflows with recreational opportunities. A seasonal outdoor zero gravity pool is great for clowning around on sunny days. The colorful play structure that emerges from the water amuses children of all ages. Slipping down slides and battling with water canons cause giggles to erupt spontaneously. Here siblings and their friends delight in one another. Open May through September parents find an ideal spot to relax and catch up while watching the kiddos.

Year round swimming takes place in the 13 lap, 25 yard pool. Classes fill the calendar encouraging Livermore real estate youth and adults to improving their swim skills. Everyone learns about water safety. Parent and me instruction places a focus on getting wet and feeling comfortable. Beginners already feel at home in the water learning to stay afloat and maneuver about. More advanced swimmers take their time perfecting strokes. Lifeguard and training instruction follows the American Red Cross guidelines with CPR, lifesaving skills and first aid in the forefront. Designated lanes appeal to exercisers who benefit from a ready pace of lap swim.

Families Living in Livermore Dip their Toes in the Pool

Splash into family time during recreational swim. The May Nissen Swim Center is open Monday through Saturday seasonally in the summertime. Swim lessons are onsite along with recreational swim and water polo. Parents find it easy to say yes before heading over to the pool. The summer based swim program Let’s Swim opens recreational swim for just 25 cents. Found at 685 Rincon Avenue this pool offers families living in Livermore a second and affordable location for aquatics. This center is also available for rental.

 

Posted in News
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates