The answer is yes. Walking through Sunset West and talking to homeowners, the question really seems to be "How much are they selling for?" Great question and although I'm a salesman at heart, my analytical side seems to kick in when it comes to market statistics in Sunset West. So, last weekend I sat in my office and searched the MLS going back to June 2005 right up to the present checking the "median sold price" within Sunset West and Granada Woods by month.
What I found was, we have been spared much of the radical up and down swings the rest of the City of Livermore have had to endure.
We all know now and have admitted to ourselves that as much as we'd like to have our homes worth 650K+ but the reality is, we've held steady in Sunset West at median sold price of 380,000-385,000 for several years! Yes, I said years. Despite short sales and REO sale driving a little over 40% of our market, we've help incredibly steady at the 380,000 mark. That's so remarkable in this real estate economy. This is not only great news for those who have listened to regional and national real estate reports reporting that the sky is falling, but it created opportunity for those who have contemplated a move in home size and price range. Let me explain. Homes in the 1m + segment of the market have currently hardest hit with regard to a drop in property values. Home that once sold for 1.2 million here in Livermore are selling in the 600's and 700's! Lack of demand, banks wanting to get these rather pricey assets of their books as well as a tumultuous "jumbo lending market" have together conspired to make it easier than in other time in history to move from entry and mid level homes to that "I never thought we'd have a home like this" home. All it takes is letting that analytical side take over and do the work of crunching the numbers.
For Further questions or information please contact me at 925-785-2129/greglanet@gmail.com
Wishing you all the best,
Greg Lanet,
Owner/Broker Sunset West Realty
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