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Pleasanton CA Homes for Sale | Pleasanton Market Update November 2016
Inventory down Spotty demand Prices flat-ish Typical late fall market
While not exactly sleepy, the Pleasanton real estate market was definitely not hyper-active in November.  Constrained inventory and lessened demand continued to keep a lid on sales and prices.  Prime properties, priced appropriately and in good locations continue to attract attention but even in multiple offer situations, buyers are less likely to bid aggressively.  November’s average sale was for 97% of the list price.  Pending sales were off 28% from October but were 29% higher than a year ago, a clear indication that demand is healthy.
 
Only 44 homes were actively listed at the end of November, down 35 units from October’s 79 and five from November 2015’s 49.  Those 44 homes represented only a one month supply, compared to 1.3 months at the end of October and 1.4 months a year ago.  Pending sales fell from 61 in October to 44 in November, 28% drop.  That was still more sales than went to contract a year ago (34).  Closed sales, riding the increase in pending sales the previous three months increased by ten units to 65 in October.
 
November’s median sales price increased slightly, from $1,015,000 in October to $1,049,000 in November.  ... more

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