Blackhawk CA Homes for Sale | Market Update May 2015
The inventory of available homes for sale in Blackhawk remained relatively high in May, while sales fell. Inventory has stood between 38 – 40 units for the past three months, while sales have been more volatile. Prices have remained strong, with the average homes selling for about 98% of the list price for the past year.
41 homes were actively listed at the end of May, one more than at the end of April but 13 more than a year ago. Pending sales jumped from 11 in February to 19 in April, before falling back to 11 in May. Closed sales have increased at a steadier rate.
The median sales price has been around $1.4 million for the past few months and was $1.45 million in May. The price per square foot increased to $477 in May, up from $403 in April and $389 a year ago. Properties have been listed longer here lately, with the average length on the market being 48 days in May, compared to 30 in April and 21 a year ago.
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.