Buyers in Livermore this June settled on a smaller home than last June, and in the process paid a good deal less. The average home sold in Livermore was 1628 square feet this year as opposed to last year’s 1836 square feet.
With square footage down 11.3%, prices droped 9.8% (average) or 5.1% (median). Based on sold price per square foot, however, prices rose, albeit a modest 1.7%.
The average home in Livermore sold in June for $672,279, or 99% of the average list price of $678,762. The median selling price was $618,000.
The total number of expireds only rose from 14 to 16, and the expired to sold ratio is a very low 13.2%. However, inventory is 4.16 months, so we may see that expired ratio going up in the future.
July 26th, 2006 at 12:12 pm
John, Makes me want to move to Livermore. I was posting this morning on our SanDiegoHomeBlog about the increasing absorption rate and impending Buyer’s Market here. Our absorption rate county wide stands at 7.1 months. Your 4.16 is looking pretty good (and a lot like early Spring) to us.
Great Blog - Keep up the good work.
June 5th, 2008 at 4:56 pm
sell my house fast…
history has not dealt kindly with protracted periods of low risk premiums….