2009 saw some significant changes in the Pleasanton Condo and Town Home Real Estate Market. This price range has been very appealing to first time home buyers and investors. Some of the properties selling in this category are seeing all cash offers. Loan types and HOA occupancy levels can create challenges for some buyers, but overall unit sales have grown dramatically in this market segment.
You can see from the chart above that the supply levels in the first half of the year began to decrease somewhat in June, as a result of a 100% increase in units sold at the end of .09.
Overall, the median list price came down 16%. That was probably a significant factor in what is shown in the chart above – for half of the months represented, median sold price, was higher than median list price. By year’s end, the median sale price was considerably higher than the median list price – in part due to lower inventory and multiple offers.
Inventory levels have dropped sharply overall this past year, from a 10 month supply, to just a little over 2 months worth. All cash offers are not at all uncommon in this price range. Potential sellers may find readily available buyers provided they are willing to price competitively with the short sale and bank owned properties.
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