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Pleasanton CA Homes for Sale | Pleasanton Market Update November 2015

Written by Posted On Tuesday, 22 December 2015 08:47

Pleasanton CA Homes for Sale | Pleasanton Market Update November 2015

 

Ranked by the Census Bureau as the wealthiest middle-sized city in the United States, Pleasanton CA is a charming town filled with over 71,000 residents. Conveniently located nearby the san Francisco and San Jose metropolitan areas, the city also comes with a wide array of shopping centers, fine dining options, cafes, and more.

 

The vibrant city has also been ranked by USA Today in 2014 as the 4th in “America’s Best Cities to Live In,” a clear indication of what future homeowners should expect when living in Pleasanton CA homes for sale.

 

Here are the important things that you need to know about Pleasanton CA homes for sale as of November 2015.

 

November saw a typical real estate market in Pleasanton, with fewer active buyers, declining sales, and lower inventory. However, this year saw a higher inventory rate as compared to November 2012, 2013, and 2014. There were fewer multiple offers and for the second straight month, the average sale was for less than the list price. Meanwhile, for the first time since March 2014, the median sales price has dipped below than last November’s numbers. However, the lower end of the market was filled with more sales and tighter inventory.

 

From 60 in October to 33 in November, the pending sales fell 45% after a surprising jump in October. Compared to the 38 pending sales from last year, there was 13% less pending sales this month. Compared to 44 homes on the market in November 2014, there were more available homes for sale at 49 units but this was a 28-unit dip from October’s 77 inventory. There were 40 closed sales in November 2015. It fell 13 units down from October (53) and 5 units down from last year (45). The homes got sold quickly in November, staying on the market for only 20 days, compared to 35 in October, which was the most in the past two years.

 

The median sales price in November was $930,000 which was 3% less than October’s $958,000 and 1% below the past year’s $940,000 - the first time in over a year and a half that the median sales price was lower than the year prior. At 99% sale price to list price ratio, it was the second straight month that the ratio was below 100%, with 98% in October and November 2014. There was an increase in the price per square foot which indicates that more lower priced homes which come with a higher price per square foot were sold in November. The price per square foot increased to $479 in November, from $465 in October.

 

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 sell a home in Pleasanton. While the inventory increased, there is still strong demand from buyers, especially for reasonably priced prime properties in impressive condition. Although multiple offers are still the norm for some properties, working with an experienced, highly competent, and trusted local real estate agent who is familiar with the Pleasanton market is decidedly crucial to your success.

 

Buyers: To get the home you’re looking for, be prepared to act as quickly as possible. Even though some properties stay on the market longer with fewer multiple offers, prime properties in impressive conditions get more buyers and multiple offers. To be in a strong position to act on new listings, you need to use your own strength as a buyer and have a committed, professional, and experienced Realtor® with an in-depth knowledge of the Pleasanton market.

 

Click here to see current homes for sale in Pleasanton CA.

 

This market update will help you figure out what step to take next for your Pleasanton home.

 

 

 

Find out how much Pleasanton CA homes for sale are worth as of November 2015.

 

For more information on the Pleasanton real estate market, visit www.680Homes.com.

Call Doug Buenz, REALTORⓇ, at 925-621-0680 today so YOU can get your house sold for the highest realistic price in the shortest amount of time.

 

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