Pleasanton CA Homes for Sale | Pleasanton Market Update November 2016

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Real Estate Agent with Venture | Sotheby’s International Realty BRE# 00843458
  • Inventory down
  • Spotty demand
  • Prices flat-ish
  • Typical late fall market

See our November 2016 Market report for Pleasanton CA homes for sale and stay updated with the latest real estate trends in the area.

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.  November’s price was 13% higher than a year earlier.  The price per square foot fell 3%, from $486 in October to $470 in November.   One year ago, homes sold for 100% of the list price, compared to 97% for both October and November of this year.  Homes were on the market longer than as they were a year ago as well.  November’s average sales took 31 days, compared to 33 in October and 19 days in November 2015.

 

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

 

Sellers:  It is a great time to be selling a home in Pleasanton.  Inventory is low and demand remains strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the Pleasanton market will be critical to your success

 

Buyers:  The current market is fairly balanced, especially compared to the previous few years.  Prime properties are still getting a great deal of attention and even multiple offers on occasion.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the Pleasanton market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

 

Search for Pleasanton CA homes for sale 

Valuable information on the real estate standing of Pleasanton CA homes for sale! There is a great selection of homes on the market and you can find out all about them by reading this market report!

Be up to date with the latest in Pleasanton CA real estate by reading our November 2016 market update.

For professional assistance on your Pleasanton CA real estate, Call Doug Buenz at 925-621-0680 now!

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Topic:
Real Estate Sales and Marketing
Location:
California Alameda County Pleasanton
Tags:
pleasanton real estate
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doug buenz
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Thanks for sharing your up to date local real estate reports with us today

Jan 14, 2017 04:14 AM #1
Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, nice market update for Pleasonton, and shows your expertise for the market! 

Jan 14, 2017 06:51 AM #2
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Doug Buenz

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