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4218 Casterson Ct, Pleasanton, CA 94566

4218 Casterson Ct | Pleasanton | CA | 94566

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Pleasanton CA Homes for Sale and Real Estate Market Update March 21, 2018

Pleasanton CA Homes for Sale and Real Estate Market Update March 21, 2018

 

The Pleasanton real estate market remains hot!  Inventory remains tight, and demand is strong.  Overall we have seen an increase in inventory this month, but pending sales are up as well.  The net result is there are 38 available homes for sale in Pleasanton as of today, which is down from 40 last moth to date.  So more homes have hit the market, and more homes have sold.  In fact, we have 45 pending sales in Pleasanton so far this month, which is up 55% from the same period in February.  So we are entering the Spring market with a frenzy of activity in most price ranges.

See the attached chart for details, which compares this month to date with the same period in February overall and by different price brackets.  For overall activity (all price ranges), we see inventory and new listings relatively unchanged, but a big jump in pending sales (up 55%).  Sold homes is up 107% so far from February.  The average days on market for sold homes is 13, which is up from February as a result of several sales in the $2 million plus market, which traditionally sees longer market times.  The sales price to list price ration overall is 106% for sold properties, meaning that on average homes sold for 6% over their asking price.  Another indication that the market is very strong.  Here are some other interesting data points from the 3 price brackets:

Under $1 Million:  Only 5 homes currently for sale.  6 days on the market on average for sold homes.  Homes sold for 107% of list price on average.  Average price per sq ft is $607.  This market segment is on fire, and as the market moves up there are fewer and fewer options for buyers under $1 million

$1 Million to $2 Million bracket:  11 available homes for sale, which is down 42% from the same period in February.  New listings are also down 43%, with 17 new listings month to date.  Pending sales are up slightly (26), and sold homes are double the same period last month (22).  The average price per sq ft for closed sales is $574, and the average sales price to list price ratio is 104%, which is up 3% from the same period in February.  This market segment remains very robust.

$2 Million plus bracket: This price segment saw the biggest jump in activity.  Available home for sale is 22 right now, up 37% from the same period in February.  There are 12 new listings, which is up 200% from last month.  And we had 8 pending sales, a whopping 700% increase from last month at this time.  There are 3 closed sales, versus none last month at this time.  The average days on market is 62 for closed sales, which again illustrates that this segment takes a bit longer to sell.  The average price per sq ft for closed sales this month is $479.

The Spring market is on!  Happy Hunting!

Video Transcript

Hi everybody. It’s Doug Buenz with the 680 Group at Venture Sotheby’s here in Pleasanton. I wanted to give you a quick update on the Pleasanton market, and spring has sprung. The market is at a frenzied pace in most cases. If we take a look at this month, March, compared to last month, February, at this time, we have some interesting stats.

                        Just to give you an idea, there are 38 homes for sale right now in Pleasanton. That’s still an insanely low number by historical standards. New listings, there’s 43 so far this month, and pending sales, there’s 45. So, the new inventory’s getting absorbed and then some. The sold homes, we’ve closed 29 homes so far this month overall in Pleasanton. That’s up 107% from last month at this time. The average days on market overall is 13. The average price per square foot is $579, so that’s down insignificantly.

                        The average sales price to list price ratio is 106%, and that’s up about 2%. We’re seeing multiple offers in most cases. If you look at the three price brackets, under a million is on fire. There are only five homes, FIVE HOMES for sale right now in Pleasanton under a million dollars. There were 14 new listings this month and 11 pending sales. 11 pending sales is up 83% from last month, so a constrained inventory market to be sure.

                        We’re seeing the average price per square foot at $605 a square foot, and the sales price to list price ratio for homes under a million is 107%. That’s up 2% from February at this time. If we look at the $1,000,000 to $2,000,000 bracket, a little higher price, we’re seeing new available homes at 11. That’s down 40% from last month at this time. There are 17 new listings so far this month. That’s down 43%, so a little less inventory in that price bracket.

                        There are 26 pending sales. That’s up about 20%, and there are 22 closed sales this month in that price bracket, $1,000,000 to $2,000,000. That’s up. That’s double what it was in February. The average days on market for the sold properties is 5, five days on market between a $1,000,000 to $2,000,000. Man, that’s a smoking-hot price segment. That’s down almost 70% from last month.

                        The average price per square foot in that bracket is $574. That’s up about 3%. The average sales price to list price ratio on sold homes is 104%. Again, multiple offer market, so that market segment is doing great. The $2,000,000+ market is showing some sign of life as well. There are 22 homes for sale right now in Pleasanton over two million dollars. That’s up 37% from last month.

                        New listings in the $2,000,000+ market are  12, so there are 12 new listings in Pleasanton this month. That’s up 200% from last month, so it’s double. Pending sales, there are eight pending sales in that price bracket. That’s up a whopping 700% from last month, so a lot of activity in that two million plus. Even the $3,000,000 plus, we’ve seen a couple sales this week, so the upper end is showing signs of life. We’re getting lots of Peninsula and South Bay buyers moving into that price segment.

                        There are three homes that closed this month over $2,000,000. The average days on market for those is 62, a little longer days on market for the higher-priced inventory. The price per square foot on average was $479, a little lower price per square foot in the upper reaches. The sales price to list price ratio is 96%, so didn’t quite hit asking price.

                        That’s what’s going on in the market right now. Spring is here. Inventory is continuing to hit the market, which is good news for buyers. Get ready. Get pre-approved. Work with a great agent. If we can help you at all, please give us a call. Doug Buenz and The 680 Group, (925) 621-0680, or visit our website, 680homes.com. We’d love to help you.

 

 

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Pleasanton CA Homes for Sale and Real Estate Market Update Video February 2018

Pleasanton CA Homes for Sale and Real Estate Market Update Video February 2018

 

 

Hey everybody, it’s Doug Buenz with the 680 Group here in Pleasanton, California, coming to you with a market update for Pleasanton here in 2018. As always, if you know someone who would find this information valuable, please do share it with them or send them a link, I’d really appreciate it.

Pleasanton, there are three words to describe the market right now, hot, hot, hot!  If there’s any slow down as a result of rising interest rates or uncertainty around the tax law, we’re certainly not seeing it now. If we take a look at the Pleasanton market month to date, there are eight new listings under $1 million, not much, it’s hard to find single family homes under $1 million in Pleasanton.  There are eight new listings, which is down slightly from January, there are six pending, which is exactly the same as it was last month this time. The average sales price is $639 a square foot, that’s up 16%, that’s for closed properties here, month to date in February. Six days on the market is the average days on market for sold properties so far in February, and that’s down 25%, so shorter time on the market.  And, on average, the homes sold for 105% of their asking price, so we’re seeing over bids in that market that’s under $1 million here in Pleasanton.

If we look at the $1 million to $2 million market, that’s really where the action is. We have 32 new listings this month to date, that’s up 113% from January. So lots of new inventory.  We have 24 pending sales so far this month, that’s up 380% from January, that’s huge, a lot of pent up demand in that price bracket. The prices per square foot for sold properties so far this month is $574 a square foot, that’s up 3.2%, not surprising, five days on the market on average for the sold properties, and that’s down 68%, so homes are selling faster and usually over the asking price.  Why? Because the sales price to list price ratio for closed homes so far this month is 104% on average, that’s up 3%. Multiple offers, strong demand.

Over $2,000,000 market, little different story. We have four new listings so far this month, that’s up 33% from January. One pending sale, which is exactly what it was in January to date, and no closed sales so far this month.

So in a nutshell, more inventory, strong demand, strong competition for most properties, so if you’re a seller, it remains an excellent time to sell your house. If you’re a buyer, we are seeing more inventory, so be locked and loaded, and you’ll have a good shot at getting a house. As always, if we can help you, please give us a call at 925-621-0680, or see us at 680homes.com, thanks so much.

Pleasanton CA Homes for Sale

Ruby Hill Pleasanton Market Update March 2017

Ruby Hill Pleasanton Market Update March 2017

Ruby Hill Pleasanton Market Update March 2017

The number of homes actively listed has continued to fall in Ruby Hill.  There are only five homes currently on the market, compared to six a month ago.  That has put a damper on sales, with only one sale closed so far this month.  Nine sales are pending, with at least three of those scheduled to close in March.

The five homes currently listed have an average asking price of $2,863,000.  That is an average of $480 per square foot.  The homes have been on the market an average of 68 days, with a range from five to 188 days.  None are distressed (short sale or REO).

The nine pending sales have an average list price of $2,321,421 or $499 per square foot.  They have been listed for 118 days on average.  None of the pending sales are distressed.

The following table shows the homes for sale and pending sale.

Ruby Hill Pleasanton Real Estate Market Update March 2017

30 sales closed in the past six months, compared to 26 in the prior six month period and 16 a year ago.  The average sales price of the 30 sales that closed in the past six months was $2,249,368, which was about 96% of the average list price.  The homes were available for an average of 69 days and the sales price per square foot was $472.  None of the sales were distressed.

The following table shows all closed sales in the past six months.

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A private gated community on the eastern flank of Pleasanton, this luxury golf course development features exceptional homes and estates surrounded by the rolling hills and vineyards of the Livermore Valley. There are semi-custom homes and over 500 custom homes within Ruby Hills. Many have golf course views. The homes feature some of the finest builders in Northern California, and boast a wide range of amenities and design elements. From Formal Italian to Country French to Craftsman, you will find every style and concept reflected in exquisite homes and estates.

 

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Pleasanton CA Homes for Sale | Pleasanton Market Update November 2016

Pleasanton CA Homes for Sale | Pleasanton Market Update November 2016

  • Inventory down
  • Spotty demand
  • Prices flat-ish
  • Typical late fall market

Pleasanton Real Estate Market Update November 2016

 

While not exactly sleepy, the Pleasanton real estate market was definitely not hyper-active in November.  Constrained inventory and lessened demand continued to keep a lid on sales and prices.  Prime properties, priced appropriately and in good locations continue to attract attention but even in multiple offer situations, buyers are less likely to bid aggressively.  November‚Äôs average sale was for 97% of the list price.  Pending sales were off 28% from October but were 29% higher than a year ago, a clear indication that demand is healthy.

Only 44 homes were actively listed at the end of November, down 35 units from October‚Äôs 79 and five from November 2015‚Äôs 49.  Those 44 homes represented only a one month supply, compared to 1.3 months at the end of October and 1.4 months a year ago.  Pending sales fell from 61 in October to 44 in November, 28% drop.  That was still more sales than went to contract a year ago (34).  Closed sales, riding the increase in pending sales the previous three months increased by ten units to 65 in October.

November‚Äôs median sales price increased slightly, from $1,015,000 in October to $1,049,000 in November.  November‚Äôs price was 13% higher than a year earlier.  The price per square foot fell 3%, from $486 in October to $470 in November.   One year ago, homes sold for 100% of the list price, compared to 97% for both October and November of this year.  Homes were on the market longer than as they were a year ago as well.  November‚Äôs average sales took 31 days, compared to 33 in October and 19 days in November 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.  Inventory is low 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 Pleasanton 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 Pleasanton 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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For professional assistance on your Pleasanton CA real estate, Call Doug Buenz at 925-621-0680 now!

 

 

 

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Pleasanton CA Homes for Sale | Pleasanton Market Update May 2016

Pleasanton CA Homes for Sale | Pleasanton Market Update May 2016

  • Pending sales up 21%
  • Days on market very low at 13 days
  • Price per square foot hits $500 for the first time
  • Inventory little changed

Pleasanton Real Estate Market Update May 2016

The Pleasanton real estate market continued to heat up with the weather during May.  More sales went pending than in any month since May of last year.  Homes continued to sell very quickly, especially those that got the pricing right.  Buyers are being more cautious, however, and the activity has been somewhat less frenzied than in April.  While the market has been very strong, it is not at hyper as it was a year ago and there is a sense that the summer will not be as hectic as in 2015.

82 sales went to contract in May, up from 68 in April but well below May 2015‚Äôs 93 sales.  Closed sales increased by only three units in May to 68, 18 less than a year ago.  Inventory also increased by three homes, to end the month with 86.  One year ago, 92 homes were actively listed.  An even one month of inventory was available for sale at the end of May, down from 1.2 months at the end of April and equal to the level of a year earlier.

The price per square foot hit $500 for the first time ever in May.  That was $7 higher than in April and $24 higher than a year ago.  The median sales price increased 14%, from $1,008 in April to $1,149,000 in May.  May was 23% higher than May 2015‚Äôs $936,000.  The average sale in May was for 101% of the asking price, compared to 100% in April and 102% in May 2015.  On average, homes were on the market an average of 13 days in May, half the 27 days they were on the market in April and equal to that of 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.  Inventory remains low and there is strong demand from buyers, 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 many properties, having a highly competent agent who knows the Pleasanton market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  Prime properties are getting a great deal of attention and multiple offers.  The result is that they don‚Äôt stay on the market long.  Having a professional Realtor who understands the Pleasanton market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Click here to see current Homes for Sale in Pleasanton CA

 

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Homes for Sale in Pleasanton CA

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Pleasanton CA Homes for Sale | Pleasanton Market Update April 2016

04_2016 pl at a glance

Pleasanton CA Homes for Sale | Pleasanton Market Update April 2016

Pending sales in Pleasanton were steady from March, after two months of 40% or more increases.  That allowed inventory, which had been struggling to keep up, to surge in April.  Quality inventory (good location, properly priced) continued to see multiple offers and fly out the door.  Price indicators were more or less flat from March but showed strength and continued to be above those of a year ago.  The average sale took only 20 days in April, another indication that the market is hot.  The lower end (homes priced under $1 million) continued to be the hottest segment.

83 homes were actively listed at the end of April, up 43% from 58 at the end of March and one more than a year ago.  Pending sales fell by one unit in April to 70.  90 sales went to contract in April 2015.   Closed sales, following the jump in pending sales the prior two months, increased 13% in April, from 53 in March to 60 in April.  Inventory relative to pending sales increased form 0.8 months at the end of March to 1.2 months at the end of April.

On average, homes sold for 100% of their list price in April, unchanged from March but below April 2015’s102%.  April’s median sales price slipped4% from March’s $1,045,000 to $1,008,000.  That was still 6% higher than a year ago.  The price per square foot increased from $467 in March to $498 in April.  One year ago, homes sold for $461 per square foot.

The average sale in April was on the market for 20 days, compared to 22 days in March and 19 days a year ago.  20 days is generally considered to be a hot market.

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.  Inventory remains low and there is strong demand from buyers, 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 many properties, having a highly competent agent who knows the Pleasanton market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  Prime properties are getting a great deal of attention and multiple offers.  The result is that they don’t stay on the market long.  Having a professional Realtor who understands the Pleasanton 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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04_2016 pl summary table

04_2016 pl price range table

 

Pleasanton Homes for Sale

Pleasanton CA Homes for Sale | Pleasanton Market Update February 2016

02_2016 pl at a glance

Pleasanton CA Homes for Sale | Pleasanton Market Update February 2016

There is still some uneasiness in the real estate market due to the political and economic climate but Pleasanton took a big step toward shaking that off in February with a big increase in pending sales and, for the second straight month, rising inventory.  Pending sales had been falling steadily since May, so the increase was welcome.  Inventory remains low but is ahead of the level of a year ago.  Prices also firmed up a bit in February, with all indicators rising above their January levels, as well as those from a year earlier.  Demand remains the strongest in the lower end, where there is just over two weeks of inventory of homes priced below $1 million.

53 properties were actively listed at the end of February, four more than at the end of January and ten more than a year ago.  Pending sales more than doubled, from 24 in January to 50 in February.  That was on par with January 2015’s 51 pending sales.  Closed sales fell six units from January to 23 in February.  That was also below the 30 closed sales in February 2015.  The big jump in pending sales cut inventory relative to sales from 2 months at the end of January to 1.1 months at the end of February.  February’s closed sales were on the market an average of 20 days, five more days than in January.  However, 20 days is still a short time for homes to be listed.  20 days in generally considered to be a hot market.

The median sales price in February was $1,020,000, a 4% increase from $985,000 in January and 9% higher than February 2015’s $940,000.  The average sales was for 100% of the list price in February, compared to 99% in January and 100% a year ago.  The price per square foot increased slightly, from $478 in January to $481 in February.  One year earlier, the price per square foot was $427.

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 still a great time to be selling a home in Pleasanton.  Inventory is very low and there is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the Pleasanton market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting a great deal of attention and often see multiple offers.  Having a professional Realtor who understands the Pleasanton 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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02_2016 pl summary table

02_2016 pl price range table

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Pleasanton CA Homes for Sale | Pleasanton Market Update January 2016

01_2016 pl at a glance

Pleasanton CA Homes for Sale | Pleasanton Market Update January 2016

The Pleasanton real estate market has a feeling of uneasiness right now.¬† General uncertainty regarding the economy, the political environment and interest rates are making buyers and seller, alike, more cautious.¬† The market behaved as we would have expected in some ways in January but in other ways ran counter to norms.¬† Inventory increased in February, after bottoming out in January ‚Äď a pretty normal December to January bounce.¬† Even with the increase though, inventory was still very low and lower priced homes, which were in greatest demand, were in shortest supply.

Sales, which we would normally expect to see come up a little in January, actually fell.  In fact, fewer sales went pending than in any month since December 2013.  With rising inventory and declining sales, we would anticipate softer prices but the opposite was true.  The median sales price was at its highest point since June and homes, on average, sold for 100% of their list price.  Again, the low end was the driver and was the only segment where homes sold for more than the average list price.

A good indication of the strength of demand here is the fact that homes were on the market for an average of only 13 days in January.   That matched the low for all of last year, set in May when the market was much hotter.

Pending sales fell for the third straight month and have declined in seven of the past eight months.  Only 22 sales went to contract in January, down from 27 in December and 29 a year ago.  We saw a fair number of new properties come on the market in January, pushing inventory up 13 units or 36% from December’s 36 to 49 at the end of January.  That was also eight more homes than were on the market a year ago.  Compare that to 2011, however, when we had as many as 240 homes available for sale and you can see just how low inventory is here.  Because pending sales were so low, inventory relative to sales increased in January, from 1.3 months at the end of December to 2.2 months at the end of January.

January’s median sales price was $1,005,000, the first time over $1 million since June.  That was a 7% bump from December’s $940,000 and a 21% increase from January 2015’s $834,000.  The average sale was for 100% of the list price in January, up from 98% in December but below January 2015’s 101%.  The price per square foot was the one price indicator that fell in January, from $491 in December to $481 in January.  One year ago, it was $434.

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 still a great time to be selling a home in Pleasanton.  Inventory is very low and there is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the Pleasanton market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  Having a professional Realtor who understands the Pleasanton market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Click here to see current Homes for Sale in Pleasanton CA

 

01_2016 pl summary table

01_2016 pl price range table

 

Pleasanton CA Homes for Sale | Pleasanton Market Update December 2015

12_2015 pl at a glance

Pleasanton CA Homes for Sale | Pleasanton Market Update December 2015

2015 closed out pretty much as expected, with falling inventory and sales.¬† Both behaved pretty normally through the year, rising into the summer and then declining through the winter.¬† The median sales price ended the year right where it has been all year.¬† For nine of the past twelve months, the median sales price was between $920,000 and $950,000.¬† The price per square foot flirted with $500 in September ($$99) before falling back some since then.¬† Inventory fell for the fourth straight month, with homes priced under $1 million being in shortest supply ‚Äď and highest demand.

Pending sales continued on the downward path they have been on since May and posted the lowest number of the year with only 27 sales going to contract in December.  That was still three more sales than a year ago.  Inventory fell 13 units to end December with 36 homes available for sale.  AS with sales, there was more inventory at the end of the year than there was at the end of 2014.  A 1.3 month supply relative to pending sales on the market at the end of December, little changed from November.  December’s sales were listed for an average of 50 days a big jump from 19 days in November and 33 days in December 2014.

The median sales price in December was $940,000, compared to $930,000 in November and $921,000 a year ago.  Homes sold in December for 98% of their list price, on average.  This ratio has been between 98% and 100%for the past five months.  The price per square foot ended on a high note at $490.  That is the second highest price per square foot ever here, second only to September’s $499.

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 still a great time to be selling a home in Pleasanton.  Inventory has been falling but there is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the Pleasanton market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  Having a professional Realtor who understands the Pleasanton market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

 

Access all Pleasanton CA homes for sale here

12_2015 pl summary table

12_2015 pl price range table