Now that the year is done, it’s always interesting to inspect graphs of a local housing market.  Here’s a look at Pleasanton, CA with some commentary.  This first graph illustrates Supply and Demand for Single Family Homes.  Compared to December of last year, supply is up 9%, and demand is up 13%. 

Pleasanton, CA Months Supply Graph, End of 2010

Next, is Average Days on Market for Single Family Homes. There is quite an irregular pattern to the bars on the graph. Notice the drop from March through July. This is in part due to the regular spring selling season, but also accelerated by the First Time Home Buyer’s credit. First time buyers had to be in contract by April 30th, and close by June 30th to qualify. The good news here for buyers, is that competition wasn't nearly as fierce after April 30th.

 

 

Pleasanton, CA Average Days on Market 2010

And last is the Months Supply of Inventory for Single Family Homes.  Normal inventory levels are between 4 and 5 months.  Put another way, at the current rate of sale, it would take X number of months to sell off the current inventory.  This graph is for detached, single family homes.  You can certainly see the lack of inventory through May, for some of the same reasons in the above graph.  First time buyers had to be in contract by April 30th, and close by June 30th to qualify. After than, inventory climbed back closer to normal levels.

Pleasanton, CA Months Supply Graph, End of 2010

Karen Crowson on Zillow

Tri Valley real estate for buyers and sellers. Search for homes in Livermore, Pleasanton, and Dublin.

I can also help you in the surrounding areas of Alameda County and Contra Costa County

including Castro Valley, San Leandro, San Lorenzo, San Ramon, Danville, Brentwood and Mountain House

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This post has been included in California Real Estate News Alameda County, CA Real Estate News Pleasanton, CA Real Estate News
Post is included in group: CALIFORNIA DREAMING
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3 Comments on 2010 Year End Market Analysis, Pleasanton, CA

JAN
12
2011
546,351 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good Evening Karen

Thanks fore the post and market analysis. Have a great day.
9:23pm • #1
177,423 Points Outside Blog Attended Rain Camp

Very nice market reports.  Thanks for posting and Happy New Year.
9:30pm • #2
594,206 Points 22 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Vert detailed market report of the Livermore area!  We have irregularity in most local markets of SoCal also!
9:59pm • #3

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Karen Crowson, ABR, SRES, Livermore, CA

Livermore, CA

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Alain Pinel Realtors, Pleasanton, CA

Address: 900 Main St., Pleasanton, CA, 94566

Office Phone: (925) 583-1138

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Real estate market and local information for the Tri Valley communities of Livermore, Pleasanton, and Dublin, CA. Search for homes for sale, things to see and do, what it's like to live here.


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