Pleasanton CA Homes for Sale Market Update | February 2015
Pleasanton CA Homes for Sale Market Update | February 2015
Pleasanton is a breath-taking and delightful city in Alameda County, California. It has been recognized as third wealthiest city in terms of earning in the United States by NerdWallet in 2013. According to USA Today’s “America’s 50 best cities to live in”, Pleasanton is ranked number 4.
This charming city boasts of more than 1,200 acres of surrounding parks which are often used for a number of recreational activities. It also has more than 220 dining establishments ranging from cafes, pizza, dessert shops, to fine dining. Pleasanton is also home to a thriving business community of more than 4,000 companies.
The available inventory of homes in Pleasanton shows that there is strong demand now in the market. The number of available Pleasanton CA homes for sale has increased, but the number of sales has gone up at an even faster pace. Based on the median sales price, the prices this year are 17% higher than a year ago.
The number of pending sales of single family detached homes for sale in Pleasanton CA almost doubled, from 28 in January to 52 in February. It is also higher by ten more sales as compared to February 2014. Closed sales rose by 75% from 16 to 25 in February. The big growth in sales maintained the inventory which only escalated two units in February to end the month with 43 which 16% fewer than a year ago.
The range of prices continues to swell in February. The median sales price is up by 8% from $834,000 in January to $903,000 the following month. On average, the closed sales during February got 100% of their asking price. In fact, they have been closed to 100% for over a year. The price per square foot declined by 1.6% from $434 in January to $427 in February.
The tables below give more information on the present market compared to previous periods, as well as a look at different market segments.
Sellers: This is the perfect season to be selling a home in Pleasanton. The sellers have the advantage right now because the demand is too great as compared to the available inventory. To get the most of your home, you need to have property marketing and unique staging techniques. Be prepared in assessing multiple offers and critically evaluate the available options. Being familiar with the Pleasanton market will give you an edge in getting the most value out of your home.
Buyers: Pleasanton real estate for sale does not stay on the market for long so being prepared to act quickly will help you get the home you are looking for. Getting an overview of the current market and your own strength as a buyer will put you in a stronger position to act on new listings. Having a top Pleasanton agent with in-depth knowledge of the market is critical.
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