Blackhawk Market Stats

Blackhawk CA 2017 Homes for Sale and Real Estate Market Year In Review

Blackhawk CA 2017 Homes for Sale and Real Estate Market Year In Review

2017 was a good year for real estate in Blackhawk.  Prices increased and sellers received prices closer to their list price, relative to 2016.  Sales increased from 2016, although not by much.  There were plenty of homes for sale throughout the year unless you wanted a home priced under $1.5 million.  Those properties were in short supply.

On average, homes sold in 2017 did so for 96% of their original list price, up from 93% in 2016.  Both the median sales price and price per square foot increased in 2017.  2017’s median sales price was $1.6 million, a 4% increase over 2016’s $1,539,000.  The price per square foot increased 8%, from $455 in 2016 to $493 in 2017.  Time on the market was dramatically shorter in 2017 also.  The average sales took 38 days in 2017, compared to 65 days in 2016.

Homes priced under $1.5 million were hard to find in 2017 and only 50 of them sold during the year.  That was 40% of all sales closed.  These properties received 97% of their asking price, compared to 96% for higher priced homes.  The average sale of a $1.5 million-plus home took 56 days, 18 more than the 38 days that homes priced below that were listed.

Closed sales were fairly consistent all year, ranging from 10 to 15 in every month but three (the typically slower January, February and December).  The months of April through August saw inventory levels that rose above those of 2016, while the other months were lower than the year before.

We ended 2017 with no homes priced below $1.5 million actively listed.  The high point was June, when we had 13 for sale.  Sales tended to follow inventory with a lag of a month or two.  These properties were in high demand so inventory tended not to stay on the market for too long.

There was not in inventory issue for homes priced over $1.5 million.  There was generally several months’ worth of inventory available.  With a few exceptions, closed sales tended to stay in the five to eight property range.

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Blackhawk CA Homes for Sale | Blackhawk Market Update November 2017

Blackhawk CA Homes for Sale | Blackhawk Market Update November 2017

  • Inventory flat for past 3 months
  • While pending sales have been falling sharply
  • Prices mostly stable
  • Time on market way down in November

Blackhawk CA Market Report - November 2017

While inventory has been flat for the past three months, pending sales have fallen sharply during the same period.  Only six sales went to contract in November, compared to 18 in August, 13 in September and nine in October.  Price indicators have been mixed but mostly stable, while time on the market was only 18 days in November.

23 homes were actively listed at the end of November, compared to 24 at the end of October and 25 a year ago.  Pending sales were down a third from October and 40% from November 2016.  A 3.8 month supply was on the market at the end of November, up from 2.7 months at the end of October and 2.5 months a year earlier.

The average sale in November took 18 days, way down from 74 days in October and 80 days from November 2016.  November’s ales closed for 95% of their list price, unchanged from October but higher than November 2016’s 89%.  The price per square foot fell from $513 in October to $482 in November.

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 Blackhawk.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Blackhawk market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Blackhawk market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Blackhawk CA Market Report - November 2017

 

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Blackhawk CA Homes for Sale | Blackhawk Market Update August 2017

Blackhawk CA Homes for Sale | Blackhawk Market Update August 2017

  • Pending sales highest since April 2015
  • Inventory falls
  • Only 1.7 month supply
  • Price indicators mixed

Blackhawk CA Real Estate Market Update August 2017

After falling in May and June, pending sales in Blackhawk have risen sharply in July and August.  In fact, more sales went to contract in August than in any month since April 2015.  Inventory has gone the other way; rising through June and then falling sharply in August.  That has left only a 1.7 month supply of homes for sale here, a relatively low number for Blackhawk.  Price indicators have been mixed, with the sales to list price ratio increasing and the median sales price falling in August.

18 sales went to contract in August, up from 14 in July and 10 in June.  August’s sales were double those of a year ago.  Inventory fell from 42 units in July to 31 in August, which was still three more homes than a year earlier.  The sales price to list price ratio fell from 3.0 at the end of July to 1.7 months at the end of August.  The ratio was 3.1 months at the end of August 2016.

August’s average sale took 28 days and was for 98% of the list price.  Those numbers were 42 days and 95% at the end of July, and 36 days and 95% a year ago.  The median sales price in August was $1,595,000, compared to $1,807,000 in July and $1,447,000 in August 2016.  The price per square foot increased from $470 in July to $505 in August, which was 5% higher than August 2016’s $480.

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 Blackhawk.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Blackhawk market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Blackhawk market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Blackhawk CA Homes for Sale | Blackhawk Market Update May 2017

Blackhawk CA Homes for Sale | Blackhawk Market Update May 2017

  • Inventory continues to climb
  • Pending sales dip after three months of gains
  • 7 month supply
  • Price indicators mixed

Blackhawk Real Estate Market Update May 2017

Inventory has been increasing in Blackhawk since January and increased 9% during May to end the moth with 37 homes for sale.  Pending sales had also been on the rise all year but fell back in May.  That pushed the supply up to 3.7 months.  Price indicators were mixed, with the median sales price up 12% but the price per square foot and sales price to list price ratios falling.  With the number of closed sales relatively low here, price fluctuations are often the result of changes in the mix of homes sold, which was the case in May.  Higher priced homes, with lower per square foot prices and sales to list price ratios, made up a larger percentage of the homes sold during May.

37 properties were actively listed at the end of May, up from 34 at the end of April but four less than a year ago.  Pending sales fell from 13 in April to 10 in May, which was the same number as in May 2016.  Those changes increased supply from 2.6 months at the end of April to 3.7 months at the end of May.  Closed sales increased from 10 in April to 12 in May.

Sales closed during May did so for 98% of the list price, down from 100% in April, as well as a year ago.  The median sales price in May was $1.6 million, up 12% from $1.41 million in April and 14% from $1.39 million in May 2016.  The price per square foot was $472 in May, compared to $492 in April and $441 a year ago.  The average sales closed in 26 days, compared to 14 days for April’s sales and 29 days for May 2016’s.

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 Blackhawk.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Blackhawk market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Blackhawk market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Blackhawk CA Homes for Sale | Blackhawk Market Update February 2017

Blackhawk CA Homes for Sale | Blackhawk Market Update February 2017

  • Lowest inventory in at least 15 years
  • Pending sales stay relatively strong
  • Price indicators mixed

Blackhawk Real Estate Market Update February 2017

There has not been this few homes actively listed in Blackhawk in at least 15 years.  December and January both set new lows before we got a small bump upward in February.  Demand is there, as we see both pending and closed sales plugging along at pretty much normal levels.  Prices have been mixed lately, with homes selling well below their asking price, on average.  The median sales price has been relatively stable.

15 properties were for sale at the end of February, up from 12 in January.  One year ago, 28 homes were actively listed.  Pending sales increased form six in January to 10 in February, double the number from a year earlier.  Six to twelve pending sales a month is pretty normal here.  Closed sales were little changed, eight in February, versus seven in January.  Supply relative to pending sales dipped form 2.0 months at the end of January to 1.5 months at the end of February.

The average sale in February was for 94% of the asking price, down from 95% in January but up from February 2015’s 92%.  February’s median sales price was $1,343,000, down 2% from January’s $1,368,000 but7% higher than February 2016’s $1,258,000.  The price per square foot fell from $457 in January to $431 in February.  Homes were on the market an average of 66 days in February, compared to 43 days in January and 73 days 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 Danville.  Inventory is tight and demand remains strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Danville market will be critical to your success

Buyers:  The current market is fairly balanced, especially compared to the previous few years.  Prime properties are still getting a great deal of attention and even multiple offers on occasion.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Blackhawk CA Homes for Sale | Blackhawk Market Update November 2016

Blackhawk CA Homes for Sale | Blackhawk Market Update November 2016

  • Inventory dips
  • Pending sales up after low September
  • Price indicators mixed

Blackhawk CA Real Estate Market Update November 2016

After falling to their low point for the year in September, pending sales have increased the past two months.  Inventory, which had been on the rise the previous two months, fell to its low for the year in November.  Those aren’t exactly prototypical autumn trends but the numbers aren’t so far off as to make them big anomalies.  Buyers continue to look but aren’t being highly aggressive.  Prime, well priced homes in good condition continue to be in demand but, for the most part, are not getting the aggressive multiple offers they were not long ago.

25 homes were available for sale at the end of November, seven less than at the end of October and fifteen less than a year ago.  November’s inventory represented a 2.5 month supply, versus 4.0 months at the end of October.  Pending sales, which hit their low for the year in September with five, climbed back up to eight in October and ten in November.  Only four sales closed in November, down two from October.  Those four sales closed in an average of 67 days, compared to eight days for October’s sales.

With only four closed sales, averages don’t have a great deal of meaning.  That being said, the median sales price in November was $1,617,000, compared to $1,166,000 in October and $1,637,000 a year ago. On average, November’s sales received 91% of their asking price, down from 99% in October but up from 87% a year ago.  The price per square foot increased from $438 in October to $456 in November.

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 Blackhawk.  Inventory is tight and demand remains strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Blackhawk market will be critical to your success

Buyers:  The current market is fairly balanced, especially compared to the previous few years.  Prime properties are still getting a great deal of attention and even multiple offers on occasion.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Blackhawk market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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Blackhawk CA Homes for Sale | Blackhawk Market Update February 2016

02_2016 bl at a glance

Blackhawk CA Homes for Sale | Blackhawk Market Update February 2016

Like much of the surrounding area, the Blackhawk real estate market began to climb out of the winter doldrums in February, which were exacerbated by uncertainty about the economy, interest rates and the pending elections.  Sales and inventory increased, while price indicators were mixed.

Inventory increased by three units to end February with 28 homes available for sale.  That compares to 26 actively listed properties a year ago.  Pending sales doubled from five in January to 10 in February.  Six sales went to contract a year ago.  The result of those changes was a decrease in inventory relative to pending sales from five months at the end of January to nearly three months at the end of February.  February’s sales were on the market an average of 74 days, unchanged from January but below February 2015’s 111 days.

With so few closed sales (12 in February and 10 in January) pricing comparisons should be taken with caution.  That being said, the median sales price in February was down 24%, from $1,663,000 in January to $1,258,000. The price per square foot also fell in February to $389 form $444 in January.  Both the median sales price and price per square foot were below the levels of a year ago.  The average sale in February was for 92% of the list price, up from 80% in January but below the 98% homes sold for in February 2015.

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.

 

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02_2016 bl price range table

Blackhawk CA Homes for Sale | Blackhawk Market Update November 2015

11_2015 bl at a glance

Blackhawk CA Homes for Sale | Blackhawk Market Update November 2015

November was a surprisingly strong month for the Blackhawk real estate market, given that November is a month when activity drops as winter sets in and people turn their attention toward the holidays.  Pending sales were their highest level since June and inventory has remained relatively high.  Prices, as indicated by the median sales price and price per square foot have remained solid.  The one indicator showing real weakness was the sales price to list price ratio, which was at 87% in November.  That was the first time this ratio was under 90% in over three years.

40 homes were actively listed for sale at the end of November, down six from October’s 46 but up 28 units from a year ago.  10 sales went to contract during November, compared to six in October and seven a year ago.  Inventory relative to ending sales dropped from nearly eight months at the ned of October to four months at the end of November.  The average sale in November was on the market for 74 days, down from 94 days in October.

November’s median sales price was $1,799,000, an increase of 20% over October’s $1,495,000 and a 22% increase over November 2014’s $1,475,000.  ON average, homes sold in November for 87% of their list price, down from 94% in October and 99% a year ago.  November’s price per square foot was $422.  That was a $7 increase from October but a $30 decrease from November 2014.

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.

See all Homes for sale in Blackhawk CA

 

11_2015 bl summary table

11_2015 bl price range table

 

 

Blackhawk CA Homes for Sale | Blackhawk Market Update August 2015

08_2015 bl at a glance

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.

Click here to see current Homes for Sale in Blackhawk CA

 

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Blackhawk CA Homes for Sale | Market Update May 2015

05_2015 bl at a glance

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.

 

Access all Blackhawk CA homes for sale here

05_2015 bl summary table

05_2015 bl price range table