Distressed sales are certainly still a component of the Livermore market, and many homebuyers want to start their search with this segment. While they were the bulk of the activity a few years ago, their percentage of the overall market has certainly decreased. Buyers expect that they are a better value, so continue to ask about them specifically.
The graph below illustrates the percentage of total sold properties these distressed properties comprise. As you’ll see, it’s noticeable, but regular sales far surpass distressed in number of total units sold.
Here is the detail for the above chart.
|Foreclosures and Short Sales in Livermore 2012|
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(all data current as of 1/4/2013)
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