Blackhawk CA Homes for Sale | Blackhawk Market Update August 2015
Like most of the surrounding communities, Blackhawk’s real estate market has softened somewhat over the past few months. Inventory has increased while sales have declined. Buyers have been less aggressive, with fewer multiple offers.
The inventory of available homes for sales increased from 39 at the end of July to 48 at the end of August. One year ago, 33 homes were actively listed. Pending sales fell from 10 in July to nine in August, while closed sales dropped from 12 to 10. August’s closed sales were on the market an average of 38 days, six fewer days than July’s.
The median sales price fell from about $1.7 million in July to about $1.3 million in August. Given the low volume of sales, however, the drop in the median sales price is not a cause for concern. If it lasts for several months, then we may begin to worry about it. The price per square foot fell 8%, form $480 in July to $442 in August. ON average, homes sold for 97% of their original list price in August, compared
The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.
Sellers: It is a great time to be selling a home in Pleasanton. There just is not enough inventory to satisfy demand and it is the sellers who have the advantage right now. Proper marketing and staging will be important to getting the most for your home. Being prepared to evaluate multiple offers and sift through the options will be critical. While multiple offers will be the norm, being extremely familiar with the Pleasanton market will be critical to get the most value out of your home.
Buyers: Being prepared to act quickly will be the key to getting the home you are looking for. Properties are not staying on the market long and multiple offers are the norm. Understanding the current market and your own strengths as a buyer will put you in a strong position to act on new listings. Intimate knowledge of the Pleasanton market is critical.