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 – 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.