Pleasanton CA Homes for Sale | Pleasanton Market Update August 2015
The real estate market in Pleasanton is a bit tough to read right now. Like the stock market, there seems to be a great deal of uncertainty. While demand is still strong, buyers are more cautious and there are fewer multiple offers. Some homes that seemed to be sure bets to sell right away haven’t, while other homes have seen multiple offers at (somewhat) crazy prices. More homes were for sale at the end of August than July, while sales declined.
After losing more than 20 units during July, inventory increased by eight in August to end with a total of 93 homes for sale. August also ended with 26% more inventory than did August 2014 (74 homes). Reflecting the uneasiness of the moment, pending sales fell from 68 during July to 58 in August, a 15% decline. Pending sales were also off 19% (14 homes) from a year ago. Closed sales fell eight units from July (64 versus 72, respectively) but were four sales higher than a year earlier. The average sale took 21 days in August, compared to 15 in July and 25 in August 2014.
The median sales price increased 4%, from $950,000 in July to $990,000 in August. August’s median price was 5% higher than the $943,000 from August 2014. The price per square foot was unchanged from July at $469, which was 10% ($43) higher than a year ago. On average, homes sold for 99% of their list price in August, compared to 100% in July and 99% 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 still a great time to be selling a home in Pleasanton. Even though inventory is up, 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.