Real Estate Trends & News

Homes for Sale and Real Estate Market Update for Pleasanton CA June 2018

Homes for Sale and Real Estate Market Update for Pleasanton CA June 2018

Under $1 Million Pleasanton CA Properties

We’re in the midst of summer and the market’s a little bit of a mixed bag at the moment. The under million dollar market remains very hot, and inventory remains extremely limited, as there’s only seven homes for sale in Pleasanton CA under $1 Million right now. That’s down 42% from last month, so we continue to see challenges in inventory in that price range. Many of the indicators  in the under $1 Million market are up as a result, including the average price per square foot, which is $729, up 7% from last month at the same period.  However, the average days on market, interestingly enough, for sold Pleasanton CA properties is now 11 days on the market, which is ridiculously low in the context of the national market, but for this area it’s crept up a little bit. It’s up 38% from the closed sales last month at this time. The average sales price and list price ratio is right at 100%, which is down 11% from the same period last month. That’s for closed sales. Not as much inventory, but perhaps a little bit of fatigue on the part of buyers there, so we’ll see.

$1 Million to $2 Million Pleasanton CA Properties

In the $1 Million to $2 Million market segment, it looks like statistically things have cooled some. Homes for sale are up 7%, with 46 homes for sale right now in that price range. It’s up 7% as compared to last month at this time. Pending sales are down 10%, with 43 pending sales. Sold properties month to date are up 8% with 55 closed sales, so that is a reflection of past market activity last month. The average price per square foot in this price segment is $599, which is down 4% from last month.  That compares to $729 in the under $1 Million market segment. As you see, the higher up in the price range you go typically the lower the price per square foot. Average days on market is 10 for sold properties, up a 11%,  and the sales price to list price ratio in this price segment is 104%, which is very strong, but that’s down 2% from last month at this time.

$2 Million Plus Pleasanton CA Properties

In the $2 Million plus market segment pending sales are up 67% month to date compared to last month to date. That’s an indicator of strength, with 15 pending sales. However, sold properties are down 45% this month as compared to last month at the same period. We’re seeing average days on market up to 27, which is up 13% from last month. Sales price to list price ratio is 97%, which is down 2% from last month. The average price per square foot on closed sales over two million dollar is $482, which is down 6.2%. 

You can see we’re starting to see cooling in some of these price segments and some of these statistics, but overall the market still remains strong. This is not unusual for summer, when buyers sometimes get distracted with vacations and kids out of school, etc. But the market is still very good for buyers, hopefully we’ll see some more inventory come on. If you are a buyer we’re likely to see the pace of the market slow a little bit in the summer. That’s fairly typical, so good time to get out and buy a property. If you’re a seller prices are still at historic highs, so it is still a great time to sell.

As always, if you know someone that would be interested to know more about the Pleasanton housing market in this market report, please share it with them and if there’s anything we can help you with give us call at 925-621-0680. Or our website, 680homes.com.

This is Doug Buenz with the 680 Homes Group and that’s the real estate market update for Pleasanton CA.

Homes for Sale and Real Estate Market Update for Pleasanton CA April 2018

Homes for Sale and Real Estate Market Update for Pleasanton CA April 2018

Hi everybody, it’s Doug Buenz with The 680 Group at Venture Sotheby’s, and I’m bringing you a quick Pleasanton market update. As always if you could share this with someone you think might find it interesting, I would really appreciate it.

So basically right now as everybody knows the market’s super hot.  If we look at the Pleasanton market overall the numbers certainly reflect that. For homes in Pleasanton under  $1,000,000 there are three active listings right now. And believe it or not, that’s up 62% from last month at this time. So pretty slim pickings under a million dollars in Pleasanton.  For pending sales there are eight of them. That’s unchanged from last month-to-date. And there are four closed sales so far this month, unchanged again from last month-to-date. So the story in the under $1 million market is very constrained inventory, lots of demand, and it remains hot!

If we look at the $1,000,000 to $2,000,000  bracket well, we’ve seen a lot of activity in that bracket. Right now there are 29 active listings at this point in April. That’s up 81% from this same period in March. So you can see starting to see more inventory come on the market now.  Clearly sellers are “making hay while the sun shines”.  There are 16 pending sales in the $1,000,000 to $2,000,000  range moth to date. That’s down 27%, so pending sales are a little bit slower this month compared to last month.  For Sold properties,  they are up 83% month to date over March to date. So again last month was very active in this price range, and that’s reflected in the sold properties.  Average days on market for sold properties in this price segment is  9, which again shows it is very strong in this market segment. That’s up 29% however, so it’s creeping up a little bit with the inventory that’s coming on the market. The average price per square foot for sold properties month to date in this price range is $587. That’s down slightly (3.6%) from last month-to-date.  And the average sales price to list price ratio is very surprising in this price range, coming in at 107%. So multiple offer territory between $1,000,000 to $2,000,000, and that’s an indication of how strong that market segment has been, although we’re starting to see more inventory. So if you’re a buyer don’t get discouraged –  there’s some good properties coming on the market!

Now if you look at the over $2,000,000 market segment, inventory wise there are 24 homes for sale over $2,000,000. That’s up slightly from last month-to-date. It’s up 4.3%. There are two pending sales. That’s down 60% from last month-to-date, so there is a little less sales activity this month so far.  There are seven closed sales this month-to-date. That’s up 250% from last month-to-date,  again an indication that the market was very brisk last month in this price segment. Average price per square foot over $2,000,000 is $486 a square foot. That’s up under slightly under 1% from last month to date. Average days on market is 44. That’s down 52%.  With the strong sales activity in the over $2 million bracket you’re seeing the days on market come down. And the average sales price to list price ratio is 98% in this price segment. And that’s up slightly 2% from last month-to-date.  s

So, Sales price to list price over $2,000,000 is 98%. Sales price to list price $1,000,000 to $2,000,000 is 107% percent.  This gives you an indication that the higher you go up the price range the fewer buyers there are, and a little softer the market is.

I hope you enjoyed this. If we can be of any help please do give us a call 925-621-0680 or visit our website 680Homes.com. We would love to be of assistance to you. Thanks for watching.

 

Real Estate Market Update Video – Pleasanton and San Ramon – January 2018

Real Estate Market Update Video for Pleasanton CA & San Ramon CA, January 23, 2018

Hi everybody, it’s Doug Buenz with The 680 Group at Venture Sotheby’s Real Estate. I wanted to do a quick market update. We’re now at January 23rd, and I just wanted to give you a little bit of the pulse of the market right now. We’re seeing new listings hit the market in the Pleasanton CA real estate market. There were 27 new listings this month to date. That’s up 145% versus last month. In the San Ramon CA real estate market there’s 23 new listings so far this month, which is up 53%. So, we’re starting to see inventory hit the market.

News bulletin for you buyers: Get ready, because I think we’re going to see some great opportunities in the market to purchase. Pending activity is strong, even in the upper end, so far this month, which is great news. Days on market is down this month for sold properties, so the market remains very hot with a lot of demand. So, just be aware of that as a buyer. The average days on market in Pleasanton CA homes for sale this month for sold properties is 15. That’s down 32%.

San Ramon CA homes for sale averages 12 days on market for sold properties, which is down 7%. The outlook is continued strong demand. There’s no getting around it. People need a place to live, and people are coming to this area in search of good schools and good housing values. We do think we’ll see more inventory here as we get towards the Spring, especially with some of the tax law changes, etc. Buyers, so far, seem to be a little bit more cautious than normal, but we’ll see how things roll out given all the changes. The market is good.

Real estate is great. If you need any help with buy or selling, please give us a call at 925-463-2000, and if you like this content and like this video, please do share with your friends. If you have any comments, please comment. Thanks so much for watching. Doug Buenz, The 680 Group at Venture Sotheby’s in Pleasanton, California.

Homes in Pleasanton CA

Pleasanton CA Homes for Sale | Pleasanton Market Update November 2017

Pleasanton CA Homes for Sale | Pleasanton Market Update November 2017

  • Overall inventory stabilizes
  • But very low supply of homes under $2 million
  • Sales remain strong
  • Homes selling for about list price

Pleasanton CA Real Estate Market Report November 2017

 

While the overall supply of homes for sale in Pleasanton fell by only one unit in November, the inventory of homes priced under $2 million was very low at the end of the month.  Even lower was the supply of homes priced under $1 million (3 total).  That hasn’t deterred buyers, who continued to show a willingness to pay for quality properties.  Pending sales were down from October but were 50% higher than a year ago.

40 homes were actively listed at the end of November, only one less than at the end of October and four less than a year ago.  For the past few months, inventory has been at about half the level of a year earlier.  Pending sales fell 25%, from 56 in October to 42 in November.  However, November had 14 more sales go pending than did November 2016.  Those changes left just under a one month supply of homes on the market at the end of November.

More than half the inventory, however, was in homes priced at $2 million or more.  Only three homes were on the market priced under $1 million (less than a week’s supply) and 15 priced from $1 million to $2 million (3 week supply).

On average, homes sold for 99% of their list price in November, up from 97% in both October of this year and November of last.  The median sales price in November was $1,2 million, up 7% from $1.125 million in October and 14% from a year ago.  The price per square foot slipped 3% from October but was 10% higher than in November 2016.

Time on the market has been increasing the past few months and homes sold in November were listed for an average of 32 days, compared to 28 days in October and 30 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 Pleasanton.  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 Pleasanton 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 Pleasanton market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Search for Pleasanton CA homes for sale

Homes in Pleasanton CA

 

Homes for Sale in Blackhawk CA

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.

See all Homes for sale in Blackhawk CA

Blackhawk CA Market Report - November 2017

 

Real Estate Market Update in Dublin CA

Dublin CA Homes for Sale | Dublin Market Update November 2017

Dublin CA Homes for Sale | Dublin Market Update November 2017

  • Inventory falls again
  • Pending sales drop sharply
  • Prices stable
  • Homes under $1 million still in very high demand

Dublin CA Market Report November 2017

Typical for this time of year, inventory and pending sales fell in November, with both being at their lowest level since January.  Low inventory continues to keep a lid on sales, especially for homes priced under $1 million.  Only seven of those homes were on the market at the end of November.  Quality homes are still selling quickly, with the average sale in November being for 101% of the list price and taking only 21 days to complete.

Inventory was off 22% from both October and a year earlier.  28 properties were actively listed at the end of November, compared to 36 at the end of October.  Pending sales dropped 35%, from 37 in October to 24 in November.   28 sales went pending a year ago.  The supply relative to sales actually increased, from 1.0 month at the end of October to 1.2 months at the end of November.  There was a 1.3 month supply at the end of November 2016.  Less than two weeks of inventory was on the market for homes priced under $1 million at the end of November.

November’s median sales price was $945,000, 3% higher than October’s and 4% higher than a year ago.  Homes sold for 101% of the asking price in November, up from 99% in October and 100% in November 2016.  On average, homes sold in November did so in 21 days, up from 19 days in October but down from 23 days a year earlier.

The tables below provide further details on the current Dublin CA 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 Dublin.  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 Dublin 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 Dublin 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 Dublin CA

Dublin CA Market Report November 2017

Danville CA Homes for Sale | Danville Market Update November 2017

Danville CA Homes for Sale | Danville Market Update November 2017

  • Inventory continues decline
  • Sales drop as supply constrains
  • Median sales price up
  • Homes sold in November for less than list

Danville CA Real Estate Market Update November 2017

The real estate market in Danville cooled off a little in November.  Inventory continued to fall after a one month bump in October.  The reduction in supply kept a lid on sales, which also fell during the month.  Price indicators were mixed, with homes selling for less than their list price, while the median sales price increased.

The supply of homes for sale fell 27% in November, from 70 at the end of October to 57 at the end of November.  By comparison, 81 homes were on the market a year ago.  49 sales went to contract during November, 16% fewer than in October but 7% higher than in November 2016.  We had a one month supply available at the end of November, down from 1.2 months at the end of October and 1.8 months a year earlier.

November’s median sales price was $1,313,000, an 11% increase over October’s $1,183,000 and a 16% increase over November 2016.  The price per square foot was up 3%, from $477 in October to $$93 in November.  However, the average sale in November was for 97% of the list price, down from 100% in October.  Homes sold for 96% of list in November 2016.  Time on the market was little changed at 25 days.

The tables below provide further details on the current Danville CA 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 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 Danville 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 Danville market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

 

Access all Danville CA homes for sale here

Danville CA Real Estate Market Update November 2017

Danville CA Real Estate Market Update November 2017

Homes in San Ramon

San Ramon CA Homes for Sale | San Ramon Market Update November 2017

San Ramon CA Homes for Sale | San Ramon Market Update November 2017

  • Inventory drops 53%
  • Pending sales down a third
  • Almost no homes priced under $1 million
  • Homes selling over list, on average

San Ramon CA Real Estate Market Update November 2017

The San Ramon real estate market refused to cool down with the weather in November.  A big drop in inventory lead to fewer sales but homes that did sale tended to do so very quickly and at good prices.  The average sale was for 101% of the list price and took only 16 days.  Homes priced under $1 million continued to be in demand but scarce.

Only 22 homes were actively listed at the end of November, a 53% drop from October’s 47 and down 62% from November 2016’s 58.  The lack of inventory hampered sales, which fell 33%, from 52 in October to 35 in November.  That was also 29% below pending sales of a year ago.  Only 0.6 weeks of inventory were on the market at the end of November, down from 0.9 months at the end of October and 1.2 months at the end of November 2016.

The median sales price fell 12% in November, from $1,165,000 in October to $1,030,000.  The price was still 3% higher than a year earlier.  On average, homes sold for 101% of their list price in November, compared to 100% in October and 98% a year ago.  The price per square foot increased from $462 in October to $479 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 San Ramon.  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 San Ramon 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 San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

See all Homes for sale in San Ramon CA

San Ramon CA Real Estate Market Update November 2017

 

Homes in Livermore CA

Livermore CA Homes for Sale | Livermore Market Update November 2017

Livermore CA Homes for Sale | Livermore Market Update November 2017

  • Market remains hot
  • Inventory at lowest level January 2014
  • About two weeks supply
  • Sales strong in spite of low supply

Livermore CA Real Estate Market Update November 2017

The weather may be cooling but the Livermore real estate market isn’t.  It’s hard to believe that inventory is at its lowest level in nearly four years given how low supply has been the past couple of years.  But that is exactly where we are.  An in spite of the lack of inventory, sales remain pretty strong.  While pending sales were lower in November than a year ago, they were slightly higher than in October.  Homes priced under $1 million are in particularly strong demand and are selling in an average of only 18 days.

With only 30 properties actively listed at the end of November, it is likely that sales will drop in December.  But they managed to eke out a small gain in November, increasing from 57 pending sales going to contract in October to 59 in November.  That was with inventory at 43% of where it was at this time last year.  We had 69 homes for sales at the end of November 2016 and 51 at the end of October 2017.  With such strong sales and low supply, only two weeks of inventory was available at the end of November, compared to 0.9 months at the end of October and 1.0 month a year ago.

On average, homes sold in November did so in an average of 21 days and for 100% of their list price, virtually unchanged from October but markedly better than November 2016’s 31 days and 98%.  The median sales price in November was $780,000 down from October’s $798,000 but higher than November 2016’s $690,000.  The price per square foot also dipped, from October’s $444 to $430.

The tables below provide further details on the current Livermore CA 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 Livermore.  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 Livermore 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 Livermore market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Access all Livermore CA homes for sale here

 

Livermore CA Real Estate Market Update November 2017

Livermore CA Real Estate Market Update November 2017

Homes in Pleasanton CA

Considerations in Hiring a Pleasanton Realtor to Sell Your Home

**In case you cannot view this video here, please click the link below to view Considerations in Hiring a Pleasanton Realtor to Sell Your Home on my YouTube channel: http://youtu.be/2Dj5BmbWc6o **

This is Doug Buenz with the 680 Homes Video Channel. Today we’re going to talk about a mistake that sellers should avoid. That is hiring an agent simply because they’re nice or they’re your friend.

Look, your home is arguably one of the largest financial assets you have and selling this property is a very serious financial decision. Just because an agent is nice or drops by brownie recipes or pumpkins at Halloween does not qualify them to sell your home.

A lot of times, sellers will choose to hire a friend, not because of the qualifications but because it’s a friend. The big problem with that scenario is that sometimes friends won’t tell you what you need to hear as a seller. They’re afraid to offend you. They don’t want to damage the friendship. They want you to like them so they’ll avoid having difficult conversations with you that are critical to you having success in the marketplace.

Also, never hire a part-time agent in my professional opinion. Let me say that again, never hire a part-time agent. Real estate is a very challenging profession and the market is changing. Interest rates are changing. Buyer habits are changing. Buyer preferences are changing. It’s important you have a full-time professional who’s immersed in the real estate industry so that they can keep tab of all these changes and trends and give you the best possible advice.

Ask questions of the agent. What’s their experience? What’s their track record? What’s their knowledge of the marketplace? How many homes have they sold this year? That’s an important one. An agent who sold two houses this year can’t possibly have the depth of knowledge and experience than an agent who sold 32 or 42 houses. Ask these things. They are important. It’s your house. It’s your equity. It’s your financial well-being. These are important considerations. Please make sure you investigate fully any agent you’re going to hire.

Lastly, make sure the agent has a strong track record in your neighborhood and your price range. I know you may have a relative who’s an agent six counties away. Is it really smart to entrust them with the sale of your property when they have known virtually nothing about your local market? Make sure your agent has a local focus and understands the particulars of your neighborhood and your price range.

This is Doug Buenz with 680 Homes Video Channel.