The Alameda and Contra Costa Counties some of the most upscale communities in the country. One of those communities is Pleasanton California. Recently I took a look at the Pleasanton Market. I was surprised at the trend I was seeing and went back over 6 months of sales to look at the trends. These figures were pulled from the MLS on April 29th & 30th, 2009.
Looking at the numbers we can see the Pleasanton market took a little dip at the end of the year, but bounced back. I look primarily at the cost per SF. Sales for December are generally reflected by escrows closed in January and February.
For Sellers the number that should be of concern is the number of homes on the market vs. the total number of sales. It is about an 11 month supply which indicates a Buyers Market. However, the low number of Bank Owned Homes for sale and Short Sales indicates a healthy market compared to other areas.
As you can see by the numbers there are a lot of homes in excess of $1,000,000.00. Many of the larger homes price is driven by the size of the lot, newer amenities, and location within the community. I will do a follow up report breaking out the home sale numbers by price range.
If you are interested in Buying a Home or Selling a Home in Pleasanton or anywhere in Alameda or Contra Costa Counties or just East Contra Costa County, Brentwood, Antioch, Oakley, Discovery Bay, Pittsburg, Bay Point and others please contact me. I specialize in helping buyers of Bank Owned Homes. For regular updates please subscribe to this blog.
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