Pleasanton Real Estate Market Update, March 2011

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 10 homes for sale in Pleasanton under $299,999, 11 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 52 days. At the present rate of sale, it will take less than 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 23 homes for sale in Pleasanton between $300,000 and $499,999, 18 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 49 days. At the present rate of sale, it will take about a month and a half 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 71 homes for sale in Pleasanton between $500,000 and $749,999, 36 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 27 days. At the present rate of sale, it will take a little more than two 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 23 homes for sale in Pleasanton between $750,000 and $999,999, 15 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 Over $1 Million: Currently there are 63 homes for sale in Pleasanton over $1 million, 11 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 61 days. At the present rate of sale, it will take about six 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 190 homes for sale in Pleasanton total, 91 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 about two 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, 2010 and 2011: Below you can quickly and easily compare the Pleasanton Real Estate Market for 2009, 2010 and 2011, as you can see for March 2010 and 2011 the market is comparable. The amount of sales in March 2010 is not much higher than this years and the active listings are close for both years as well. Meaning, that in March 2010 it would have taken about a month (compared to the two months for this March) 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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