Homes For Sale Pleasanton CA Real Estate Weekly Market Report December 11, 2011

This weekly Pleasanton CA Real Estate “dashboard” summarizes: Homes For Sale in Pleasanton CA from Sunday December 4, 2011 through Saturday December 10, 2011. Included are homes: that were listed; that went under contract (pending); and Homes Sold in Pleasanton CA (closed escrow). Also shown are Pleasanton CA Real Estate monthly trends for homes listed, pending and sold, and year to date totals for single family and attached homes sold.

Homes For Sale in Pleasanton CA 10 Newest Listings

Shown below are the 10 newest listings of homes for sale in Dublin CA as of December 11, 2011. Click on a home address to see complete property details. List order is newest listing first.

Showing properties 1 - 10 of 123. See more city of Pleasanton real estate.
(all data current as of 12/11/2011)

1. $998,000 : 1265 Royal Creek Ct, PLEASANTON
   
   5 beds, 4 full baths

   Home size: 3,541 sq ft

   Lot size: 6,098 sq ft
2. $385,000 : 2141 Rheem Dr, PLEASANTON
   
   2 beds, 2 full baths

   Home size: 1,071 sq ft

   Lot size: 2,613 sq ft
3. $380,000 : 1405 CALLE ENRIQUE, PLEASANTON
   
   3 beds, 2 full baths

   Home size: 1,224 sq ft
4. $1,849,000 : 7923 SAWGRASS CT, PLEASANTON
   
   4 beds, 3 full, 1 part baths

   Home size: 4,320 sq ft

   Lot size: 29,620 sq ft
5. $610,000 : 665 OAK CIR, PLEASANTON
   
   3 beds, 2 full baths

   Home size: 1,641 sq ft

   Lot size: 10,687 sq ft
6. $314,717 : 434 Rose Ave, PLEASANTON
   
   2 beds, 1 full, 1 part baths

   Home size: 984 sq ft

   Lot size: 7,840 sq ft
7. $514,900 : 6485 ALVORD WAY, PLEASANTON
   
   3 beds, 2 full baths

   Home size: 1,690 sq ft

   Lot size: 6,199 sq ft
8. $739,900 : 4868 Mohr Ave, PLEASANTON
   
   4 beds, 2 full, 1 part baths

   Home size: 2,103 sq ft

   Lot size: 6,969 sq ft
9. $769,950 : 7114 Corte Balboa, PLEASANTON
   
   4 beds, 3 full baths

   Home size: 2,212 sq ft

   Lot size: 5,227 sq ft
10. $126,800 : 3841 VINEYARD AVE, Unit: # 18, PLEASANTON
    
    1 bed, 1 full bath

    Home size: 620 sq ft

    Lot size: 1.08 ac

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Click here to create your own search for Homes For Sale in Pleasanton CA

Pleasanton CA Single Family Home Weekly and Monthly Summary

Monthly Totals are through week ending December 10, 2011

Pleasanton CA Attached Home Weekly and Monthly Summary

Monthly Totals are through week ending December 10, 2011

Homes Sold in Pleasanton CA 2009, 2010 and YTD Data

Year to Date (YTD) Totals are through week ending December 10, 2011

Click here to see all of the newest listings of single family and attached Homes For Sale in Pleasanton CA.
Click here to create your own search for Homes For Sale in Pleasanton CA

Click here to see the archive of Weekly Review reports for Pleasanton CA Real Estate.

All data presented in this report is based on information from the Contra Costa Association of REALTORs® Multiple Listing Service (MLS). Display of MLS data is deemed reliable, but is not guaranteed accurate by the MLS.

Homes For Sale Pleasanton CA Real Estate Weekly Market Report December 11, 2011

We move for different reasons. Yet we have one thing in common if we are considering the purchase or sale of a home in our local market: the realization that our area is expensive. What does “expensive” actually mean? After all, prices are relative. A median priced home in our local market* for the third quarter was $739,000 compared to $468,900 for all of Alameda County (in August, per the California Association of Realtors). In fact, our area’s median price was higher than the average in every county in the state with the exception of Marin and San Mateo counties. While I am not suggesting that prices are cheaper in Atherton, Malibu or Ross, I can conclude that the combined area of Piedmont and the hills of Oakland and Berkeley is a very pricey enclave.

So, when a buyer or seller is considering a move either out of or into one of our neighborhoods, the financial considerations are usually better for someone leaving the area than coming in. Within our community, however, the economic considerations are a bit trickier. I find it most useful to think about the relative values of a similar sized house in one neighborhood compared to another, all other things being held equal. To help illustrate what I am talking about, let’s take a look at a snapshot of sales information for the quarter ended September 30, 2011 for some of the more active neighborhoods in our local market. Please keep in mind that this data can change dramatically from period to period and that this is merely information for the activity in these neighborhoods over the last three months:

We have situations where similar homes, possibly only blocks away from each other, can vary in price by over 50%. And what is not evident from the chart is that neighborhood values often do not move in lock step with one another. In other words, from one quarter to the next, the relative price of one neighborhood compared to another may change, and in some cases quite dramatically.

The takeaway: numerous options are available for someone who has changing needs in up and down markets. For example, empty nesters who may want to downsize and move closer to coffee and shopping may find that it is actually more costly than remaining in a larger home. Conversely, someone who requires more space may be able to find a home that allows them to expand while actually saving money. In short, careful consideration of your primary housing needs and relative prices can be an enlightening way to begin your planning process.

*detached homes over $450,000 in Albany, El Cerrito, Kensington, Piedmont and the hill areas of Berkeley and Oakland

During the quarter ended September 30, 2011, 320 homes were sold in our local market*, down 4% from the 334 homes sold in the same quarter last year and the median price fell to $739,000, down 1% from $749,000 in the same quarter last year. Properties took slightly longer to sell, 33 days on average up from 31 in the same quarter last year, but still lower than the 37 days in the same period in 2009. Although prices in most areas were either flat or marginally lower per square foot, several areas that had previously experienced sluggish sales showed renewed signs of interest including Montclair and Redwood Heights. Available inventory continued to be absorbed and fell from 410 homes at the end of last quarter (4 months of inventory) to 293 homes at the date of this letter (3 months of inventory). The current market is one where a home either sells in competition at a higher than asking price within its first two weeks of availability or faces a reduction in realized price.

*detached homes over $450,000 in Albany, El Cerrito, Kensington, Piedmont and the hill areas of Berkeley and Oakland

May 2011 Pleasanton California Market Data Report Update May 2011 Median Home Price Trend Pleasanton CA June 10, 2011

May 2011 single family detached median home price in Pleasanton CA

• Median home price in Pleasanton CA was $723,750* for detached homes for sale in Pleasanton CA or homes for sale in 94506 94526 that sold in May 2011.
• This median home price for May 2011 was $16,750 or 2% more than the May 2010 median home price.

Twelve month single family detached median home price trend for Pleasanton CA

Single family detached median home price in Pleasanton CA, number of units sold and the trend line for the twelve months between May 2010 and May 2011

Click here for an enlarged view.

May 2011 attached median home price in Pleasanton CA

• Median home price in Pleasanton CA was $312,750 for attached homes for sale in Pleasanton CA or homes for sale in 94506 94526 that sold in May 2011.
• This median home price for May 2011 was $64,250 or 17% less than the May 2010 median home price.

Twelve month single family detached median home price trend for Pleasanton CA

Attached median home price in Pleasanton CA, number of units sold and the trend line for the twelve months between May 2010 and May 2011

Click here for an enlarged view.

Click here if you would like to receive a Complete Set of Market Reports for Pleasanton CA that include: Median Sold Price; Number of Sold Properties by Month; Number of For Sale Properties by Month; Number of Under Contract Properties by Month; Number of New Properties Listed by Month; Supply and Demand by Month; Average Days on Market by Month; and Months Supply of Inventory.

Click here of an archive of recent Market Data Reports for Homes for Sale in Danville CA

Click here to search for Pleasanton CA homes for sale

* Based on information from the Contra Costa Association of REALTOR'S® MLS (for the monthly period from the first through the last day of the month). Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

May 2011 Pleasanton California Market Data Report Update May 2011 Median Home Price Trend Pleasanton CA June 10, 2011

Piedmont CA is one of the premier locations in the East Bay, much sought after due to its charm, location, wealth of architectural styles, neighborhood amenities, and most especially --- as any parent --- its excellent schools.

Desirable features like these naturally equate to homes priced higher than surrounding areas that do not have the same characteristics.

See what enamored contributors say about Piedmont via Wikipedia.

Excerpt: "Piedmont was one of the "25 Top-Earning Towns" in CNN Money Magazine's list of 'The Best Places to Live in 2007, and was also named one of the "Best Places To Live-Urban Enclaves" in the United States in 2007 by Forbes.^[3]

Is Piedmont surviving the economic downturn?

SOLD PROPERTIES

This chart is revealing --- FORECLOSURES! As a matter of fact, 12.5% of total homes sold were distressed properties (bank-owned).

Predictably, the fewer sales are in the first quarter of each year. Sellers should take note when the most active periods are. Third quarter 2010 was the busiest with the most number of sales that closed escrow.

MEDIAN FOR SALE VS MEDIAN SOLD 2008-2011
There seems to be a bit of disconnect between what properties are actually selling for versus what they're listed for. This chart illustrates that the median sold is actually 26% less than median for sale. Sellers should see what's happening that is leading to reduced sold price.

UNDER CONTRACT PROPERTIES

The number of sales seem to have picked up first quarter 2011 compared to the previous quarter, and is nearly as robust as it was at the peak in second quarter 2010. Prices may be lower than previous years, but at least the inventory is moving. Very promising to see that properties are going in contract. But for how much is another story, as median sold vs median for sale chart illustrates.

DAYS ON MARKET

For some areas, an average of 30 days on market is unheard of. But this is not unusual for Piedmont because even if the home prices are high by comparison to surrounding areas, as long as the homes are priced right and they show well, the general appeal of Piedmont continues to draw the buyers.

30 days on market before getting in contract? That's amazing!