Pleasanton Real Estate Market Update, December 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 9 homes for sale in Pleasanton under $299,999, 7 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 34 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 35 homes for sale in Pleasanton between $300,000 and $499,999, 5 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 50 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 56 homes for sale in Pleasanton between $500,000 and $749,999, 16 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 56 days. At the present rate of sale, it will take a little more than three 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 19 homes for sale in Pleasanton between $750,000 and $999,999, 3 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 109 days. At the present rate of sale, it will take almost seven 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 51 homes for sale in Pleasanton over $1 million, 3 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 88 days. At the present rate of sale, it will take almost a year and a half 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 170 homes for sale in Pleasanton total, 34 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 67 days. At the present rate of sale, it will take about five and a half 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 December 2010 the market is significantly slower than it was in December 2009. The amount of active homes for sale in December 2010 is much higher than in 2009, not to mention the amount of sales in December 2009 was almost tripled than those of this year! Meaning, that in December 2009 it would have taken about one and a half months (compared to the five and a half months for December 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

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