Housing Inventory Still Very Low–You May Get More for Your Home Now than in Spring!

Many of the people my team has spoken to recently who plan to sell their home this year thought it would be best to wait until Spring to put their home on the market. In a typical year, that may be the case, but this year is very different! Most people have heard that there is a housing inventory shortage when it comes to rental homes as well as homes for sale. The table below shows just how low inventory actually is. For example, in Livermore, a typical market would have 150-200 homes for sale. This past week, we have had an increase in homes for sale with 16 properties on broker’s tour this week….Right now, however, we still only have a total of 57 residential properties for sale with 45 being detached single family homes (houses). The same dearth of inventory is being seen around the bay area. With supply so low, demand is high and prices are going up. More buyers than usual are trying to buy now than in previous years at this time because they are trying to get into a home before interest rates go up substantially when the federal government stops artificially lowering interest rates..somthing that is expected to happen sometime this year.

Housing prices in some areas are starting to approach the prices they were when the market reached it highest point in June 2005.

In this tough market, one way we are helping our VIP Buyers who are in our Buyers in Waiting Program get into homes by matching them up with homes that are on our Secret List of Unlisted homes.

 

For Sellers, we can often help you save time and money by getting your home sold quickly at a price acceptable to you in just two days!! We can even negotiate a 60-90 day rent back period for you so that  you can make a non-contingent offer on your next home since contingent offers are not accepted very often in todays market.

 

If you or someone you know is considering buying or selling in this bay area market, my team would be happy to help!

Just contact me today for a no obligation consultation to sww if we would be a good fit for one another!

Click this link to see a more detailed table: Tri-Valley Residential Real Estate Inventory 1-31-14

City

Total Homes for Sale

# Detached Houses

Townhouses

Condos Duets Price Range Median Home Price
Livermore

57

45

4

8

0

$225,000-$4,599,000

$669,900

Pleasanton

40

31

4

3

2

$315,000-$6,900,000

$1,374,994

Dublin

61

35

6

18

2

$245,000-$1,737,736

$799,000

San Ramon

57

39

5

12

1

$180,000-$3,950,000

$789,000

Danville

47

40

6

1

0

$435,900-$9,600,000

$1,190,000

Alamo

36

35

1

0

0

$509,000-$42,000,000

$1,624,475

Walnut Creek

50

23

7

20

0

$230,000-$2,638,000

$637,000

Pleasant Hill

21

14

4

3

0

$189,000-$950,000

$549,000

Lafayette

26

24

2

0

0

$599,000-$7,750,000

$1,364,000

Orinda

21

21

0

0

0

$759000-$5,500,000

$1,495,000

Moraga

8

4

1

3

0

$269,000-$3,500,000

$674,500