Jgnet Real Estate Blog

In recent months, real estate in Livermore has shown symptoms that it is still battering the storm that is the U.S. housing market collapse. In September of 2009, the number of homes for sale on the market was just 301, down by 2.6% from August and down by more than 40% from 2008 figures. The median listing price was just $449,000, down by 7.4% from 2008 listing prices at the same time. Median price per square foot was $255, down 9.6% from the previous year, according to real estate data provider RedFin.

According to data provided by the San Francisco Chronicle, Livermore real estate sales volume in August in the city’s two ZIP codes was down by 1.9% and 23%, respectively. The median prices were down as well to $472,500 and $340,000 in August, off by 4.1% and 21.4%, respectively.

According to data from real estate data provider Zillow available on the Yahoo! Real Estate website, there were 207 homes for sale in Livermore in mid-October with the houses having a median price of just under $500,000, a fall in the price of 2% from September figures. There were five new homes for sale, indicating a slow move of builders and home suppliers back into this market. Additionally, there were almost 700 foreclosed homes on the market with a median price of $452,000, up by 0.2% from September.
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