Pleasanton CA Homes for Sale | Pleasanton Market Update August 2015
The city of Pleasanton is a suburb in the San Francisco Bay area. This attractive town of over 60,000 residents was ranked the wealthiest middle-sized city in the United States by the Census Bureau. It offers modern conveniences and amenities while maintaining its small town charm and character.
This area is also home to several impressive parks. The most popular is the Pleasanton Sports park which contains over 28 youth and adult sports fields. Another well known park is the Lion’s Wayside Park off of First Street where they regularly hold free Friday concerts.
At present, the Pleasanton real estate market is experiencing a great deal of uncertainty similar to that of the stock market. Although the demand is still strong, buyers are more careful and there are fewer multiple offers. Pleasanton homes for sale that seemed to be sure bets to sell right away are still on the market. There are also some homes that receive multiple offers at unreasonable prices. While sales declined, more homes were for sale at the end of August than the previous month.
For the month of August, the inventory increased by 8 after losing more than 20 units during July. The total homes for sale in Pleasanton this month is 93, 26% higher than the inventory in August 2014. Pending sales decreased from 68 in July to 58 in August. The 15% decline is somehow a reflection of the uneasiness at the moment. As for the closed sale, it fell 8 units from July but were four sales higher than the previous year. In August, the average sale took 21 days as compared to 15 in July and 25 in August last year.
The median sales price went up by 4%, from $950,000 in July to $990,000 this month. The median price this August was also 5% higher than last year’s $943,000. The price per square foot remained at $469, which was 10% (43$) higher than August 2014. On average, homes sold for 99% of their list price, compared to 100% last month and 99% a year ago.
The tables below give more details on the present market compared to prior periods, as well as a look at different market segments.
Sellers: This is still the perfect time to be selling a home in Pleasanton. Although the inventory increased, the demand from buyers is still strong, especially for reasonably priced prime properties in impressive condition. Even though multiple offers are still the norm for some properties, working with an experienced and highly competent agent who is familiar with the Pleasanton market will set the stage for your success.
Buyers: To get the home that you are looking for, you need to act as quickly as possible. Although Pleasanton homes for sale linger on the market a bit longer, and there are fewer multiple offers, prime properties attract the attention of more buyers and get multiple offers. If you want to be in a strong position to act on new listings, you will need your own strength as a buyer and the service of a committed agent who has in-depth knowledge of the Pleasanton market.
Click here to see current homes for sale in Pleasanton CA.
For more information on the Pleasanton real estate market, visit www.680Homes.com.
