Pleasanton CA Homes for Sale | Pleasanton Market

Update April 2015

The city of Pleasanton is located on the Rancho Valle de San Jose Mexican land grant. It was founded by and Alameda County Justice of Peace by the name of John W. Kottinger. The town was once home to Phoebe Hearst, an American philanthropist, feminist and suffragist, who stayed in a 50-room mansion.

Pleasanton is adjacent to Hayward, Livermore, and Dublin. It has a total area of 24.3 square miles. The charming city of Pleasanton is situated along the route of the historic First Transcontinental Railroad.

For the second straight month, the number of homes for sale in Pleasanton has increased by nearly 40%. However, despite this positive trend, the inventory remains tight with only a one month supply. This month, the pending sales also increased but not nearly as fast. The median sales price also increased while homes sold for 102% of their list price. As a result, pressure on prices continued.

By the end of April, 82 homes were for sale. This is 37% higher (22 units) as compared to 60 at the end of March. April’s inventory was also higher than last year when 77 properties were on the market. However, the remarkable increases in pending sales that was evident for the past couple months (50% to 100%) declined in April.

85 sales went to contract this April. This is 15% higher to that of 74 in the previous month. That left a one month supply at the end of April, an increase from 0.8 months at the end of March. Homes do not stay long on the market here. This month, homes were listed for an average of 19 days. This is one less than March’s 20.

For the month of April, the median sales price increased by 2% or $20,000. From $920,000 last March, it became $940,000 this April. It was also 5% higher than last year’s $895,000. The price per square foot also went up from $441 in March to $460 this April, a 4% increase. Last year, the price per square foot was $428.

The tables below give more details on the present market compared to prior periods, as well as a look at different market segments.

Sellers: This is the perfect time to be selling a home in Pleasanton. Sellers have the advantage now because there isn’t enough inventory to meet the demand. The keys to getting your home sold are proper marketing and staging. Be ready to evaluate multiple offers and choose wisely among the many offers. To get the most value for your home, it is essential to be extremely familiar with the Pleasanton market.

Buyers: To get the home that you are looking for, you need to act as quickly as possible. Properties do not linger on the market for too long and the current norm are multiple offers. Aside from your own strength as a buyer, you also need to understand the current market so you will be in a strong position to act on new listings. In-depth knowledge of the Pleasanton market will also be helpful.

For more information on the Pleasanton real estate market, visit www.680Homes.com.

Are you looking for Pleasanton homes for sale or need help in selling your Pleasanton home? Call me,

Doug Buenz, at (925) 621-0680. I specialize in real estate for sale in Pleasanton CA and the Tri-Valley. With my excellent track record of success, experience, marketing power, and expertise as a real estate agent in Pleasanton, I can provide you with unparalleled service in the real estate market. Contact me today! I’d love to hear from you and see how I can help you buy or sell your Pleasanton CA home.