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June 2010 Bridle Creek & Sycamore Heights Pleasanton Market Update

By
Real Estate Agent with COMPASS BRE# 00843458

No matter what inventory the Bridle Creek/Sycamore Heights neighborhood of Pleasanton gets, it keeps on selling it out. Over the past six months, seven sales have been closed and there is another one pending. As of the moment, there is only one home actively listed in the neighborhood. With having almost all the sales listed for just less than a month, inventory which becomes available sells quite fast. In the neighborhood, current activity followed inventory.

Listed at
$379 per square foot or $1,525,000 in total, the single active listing is on Hanifen Way. It is not distressed as it is neither a short sale nor REO. The single home which is pending sale used to be a model home for Bridle Creek. It is on Hidden Creek Court and is priced at $403 per square foot or $1,389,000 in total. It has been listed on the market for 88 days. It is not distressed as it is neither a short sale nor REO.

The seven sales that were closed sold at an average of 25 days. Selling for 95% of the asking price, the homes were sold at an average listing price of $348 per square foot or $1,327,143 in total. Of the properties, three were short sales. These were homes on 1008 Sycamore Creek Way, 875 Sunny Brook Way and 839 Summit Creek Lane.

With buyers looking for newer luxury homes with generous lots, Bridle Creek and Sycamore Heights stay very popular. What makes the homes from the neighborhoods very attractive is the pastoral setting with rolling hills and views. Bridle Creek and Sycamore Heights take pride in having excellent access to award winning schools such a s Hearst Elementary and Pleasanton Middle School. For convenient commuting to the South Bay, the neighborhoods also have great access to the ACE Train and I-680.

To search for Pleasanton, Dublin, San Ramon, and Danville area real estate visit www.680Homes.com . You will find extensive school, community, and neighborhood information.  You can also search by neighborhood and by school boundary!

 

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