Median sold price is up 10% over the same time last year. But it has been a bit all over the map inbetween. The devil can be in the details. Did several higher priced homes sale, driving the numbers up? Was the majority of home sales in a given month comprised of primarily distressed properties? Inspection by property type and location are just a couple of factories that help hone in on the comps for a particular property. These graphs just give us the big picture.
Supply down, demand up. That may be a factor helping the overall median price for detached Pleasanton homes. It will be interesting to see if the last quarter of this year mirrors what happened in 2010. The last quarter was second in performance to the second quarter.
Lower time on market - good news for everyone. Cash buyers, improved short sale processes, better upfront scrutiny of buyers are all contributors.
This is a pretty drastic drop. We expect inventory levels to drop near the holidays, but at the current rate of sale, this means we have just one month's supply. Not ideal if you are shopping for a home, but could help eleviate huge price reductions if you are the seller.
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