Pleasanton CA Homes for Sale | Pleasanton Market Update September 2015
The Pleasanton real estate market seems to have slipped into a typical autumn slowdown. The pace is less frantic than it was during the summer, with buyers and sellers taking more time to evaluate their options. Inventory is still constrained and, in fact, has fallen three of the past four months. Multiple offers are not uncommon but neither are homes that stay on the market longer. Inventory was evenly spread across market segments, while sales were clearly stronger for lower priced homes.
Pending sales ended a three month skid, but not by much. 55 sales went to contract during September, the same number as in August. That was six more sales than a year ago. Inventory fell 10%, from 93 at the end of August to 84 at the end of September. Even with the decline, inventory was still higher than the 73 homes available for sale one year ago. Closed sales fell for the third straight month, ending September with 51, 14 less than August’s 65, which was the same number that closed in September 2014.
September’s median sales price was $935,000, off 6% from August’s $990,000 but 8% above September 2014’s $865,000. Other price indicators were more positive, with the price per square foot increasing from $470 in August to $496 in September and the sales price to list price ration increasing from 99% in August to 100% in September. The time on the market was unchanged from August at 21 days.
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.