While not exactly sleepy, the Pleasanton real estate market was definitely not hyper-active in November. Constrained inventory and lessened demand continued to keep a lid on sales and prices.

1. PleasantonCAHomesforSale|
PleasantonMarketUpdate
November2016

2. Inventory down
Spotty demand
Prices flat­ish
Typical late fall market

3. Add a little bit of body text

4. While not exactly sleepy, the Pleasanton real estate
market was definitely not hyper­active in November.
Constrained inventory and lessened demand
continued to keep a lid on sales and prices. Prime
properties, priced appropriately and in good locations
continue to attract attention but even in multiple offer
situations, buyers are less likely to bid aggressively.
November’s average sale was for 97% of the list
price. Pending sales were off 28% from October but
were 29% higher than a year ago, a clear indication
that demand is healthy.

5. Only 44 homes were actively listed at the end of
November, down 35 units from October’s 79 and five
from November 2015’s 49. Those 44 homes
represented only a one month supply, compared to 1.3
months at the end of October and 1.4 months a year
ago. Pending sales fell from 61 in October to 44 in
November, 28% drop. That was still more sales than
went to contract a year ago (34). Closed sales, riding
the increase in pending sales the previous three months
increased by ten units to 65 in October.

6. November’s median sales price increased slightly,
from $1,015,000 in October to $1,049,000 in
November. November’s price was 13% higher than a
year earlier. The price per square foot fell 3%, from
$486 in October to $470 in November. One year
ago, homes sold for 100% of the list price, compared
to 97% for both October and November of this year.
Homes were on the market longer than as they were
a year ago as well. November’s average sales took
31 days, compared to 33 in October and 19 days in
November 2015.

7. Buyers: The current market is fairly balanced,
especially compared to the previous few years. Prime
properties are still getting a great deal of attention and
even multiple offers on occasion. Being prepared to
act quickly will be the key to getting the home you are
looking for. Having a professional Realtor who
understands the Pleasanton market and your own
strengths as a buyer will put you in a strong position to
secure the home you really want.

8. Sellers: It is a great time to be selling a home in
Pleasanton. Inventory is low and demand remains
strong, especially for prime properties in excellent
condition that are priced right. Proper marketing and
staging will be important to getting the most for your
home. While multiple offers are still occurring for a
few select properties, most other homes have to be
priced strategically to get top dollar. More than ever,
having a highly competent agent who knows the
Pleasanton market will be critical to your success

9. Search for Pleasanton CA homes for sale

11. For professional assistance on
your Pleasanton CA real estate,
Call Doug Buenz
at 925­621­0680 now!
visit: www.680homes.com