Pleasanton Real Estate Market Update, October 2010

Below you will find various graphs for the Pleasanton real estate market, each graph represents both active listings as well pending and sold listings for the past 30 days. We have broken up each graph based on price ranges in order to easily decipher where your home or potential home may fall if you decide to buy or sell in each range.

Included in the various information below you find not only homes actively on market and pending/sold listings but you will also find average days on market in each price range as well as an absorption rate for each. An absorption rate is best described as the ratio of the current inventory of active listings compared to sales. In other words, given recent activity, we can estimate how long it will take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.

Pleasanton Homes Under $299,999: Currently there are 16 homes for sale in Pleasanton under $299,999, 9 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 40 days. At the present rate of sale, it will take a little under two months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.


Pleasanton Homes $300,000-$499,999: Currently there are 30 homes for sale in Pleasanton between $300,000 and $499,999, 11 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 73 days. At the present rate of sale, it will take about three months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.


Pleasanton Homes $500,000-$749,999: Currently there are 81 homes for sale in Pleasanton between $500,000 and $749,999, 25 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 48 days. At the present rate of sale, it will take a little more than four and a half months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.


Pleasanton Homes $750,000-$999,999: Currently there are 36 homes for sale in Pleasanton between $750,000 and $999,999, 4 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 39 days. At the present rate of sale, it will take almost ten months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.


Pleasanton Homes Over $1 Million: Currently there are 70 homes for sale in Pleasanton over $1 million, 1 homes has a pending sale or has sold in the past 30 days, this home had an average market time of 10 days. At the present rate of sale, it will take about six years to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.


All Pleasanton Homes: Currently there are 233 homes for sale in Pleasanton total, 50 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 42 days. At the present rate of sale, it will take about five months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate. To gauge more precise data for your home or the home you may be interested in please see the data charts above which are price specific. Need to know how much your Pleasanton home is worth? Or maybe how much you can afford in Pleasanton? I can help!

Pleasanton Real Estate Market 2009 VS. 2010: Below you can quickly and easily compare the Pleasanton Real Estate Market for 2009 and 2010, as you can see for October 2010 the market is much slower than it was in October 2009. 2010 is showing more than one and a half times the amount of active homes for sale than this same time last year, while 2009 showed more than double the amount of homes pending sale or sold. Meaning, that in October 2009 it would have taken about one and a quarter months (compared to the five months for October 2010) to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
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