Pleasanton Real Estate Market Update, November 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 15 homes for sale in Pleasanton under $299,999, 12 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 51 days. At the present rate of sale, it will take a little over a month 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 24 homes for sale in Pleasanton between $300,000 and $499,999, 12 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 55 days. At the present rate of sale, it will take about two 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 65 homes for sale in Pleasanton between $500,000 and $749,999, 23 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 a little more than three 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 21 homes for sale in Pleasanton between $750,000 and $999,999, 5 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 22 days. At the present rate of sale, it will take about 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 Over $1 Million: Currently there are 55 homes for sale in Pleasanton over $1 million, 7 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 125 days. At the present rate of sale, it will take about eight and a half months 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 180 homes for sale in Pleasanton total, 59 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 59 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. 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 November 2010 the market is only slightly slower than it was in November 2009. The amount of active homes for sale is comparable for each year, however 2009 showed about double the amount of homes pending sale or sold. Meaning, that in November 2009 it would have taken about one and a quarter months (compared to the three and a quarter months for November 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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Comments

  1. Ben Balsbaugh says:

    Modesto is sellling at an average of $140,000…good info. Thank you!

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