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Pleasanton Real Estate Market Update – July 2018

September 5, 2018 by McDowell Real Estate Group Leave a Comment

Pleasanton, California, is a sought-after town and there are so many reasons why: great schools, wonderful weather, lively community and close to other great California destinations.

 

There were 93 homes for sale, 85 sold and 77 pended in July 2018.

This was lower in all three categories compares to June 2018, however the number of homes for sale and sold is up compared to July 2017.

 

 

The average price for square foot, for sold properties is $547. Over the last year, this has fluctuated from $500 per sqft to $592 per sqft. This is 5.5% down compared to last month, and up by 6.4% compared to July 2017.

The average days on the market was 17 days in July 2018. This has fluctuated from 12 days up to 30 days over the last year.

 

Below is a chart of the market details for the last 3 months.

Date 5/18 6/18 7/18
For Sale 90 99 93
New Listing 159 105 98
Sold 99 113 85
Pended 118 97 77
Months of Inventory (Closed Sales) 0.9 0.9 1.1
Months of Inventory (Pended Sales) 0.8 1 1.2
Absorption Rate (Closed Sales) % 110 114.1 91.4
Absorption Rate (Pended Sales) % 131.1 98 82.8
Avg. Active Price 1900 1782 1781
Avg. Sold Price 1305 1292 1363
Avg. Sq. Ft. Price (Sold) 592 579 547
Sold/List Diff. % 104 103 100
Sold/Orig LP Diff. % 104 102 99
Avg Days on Market 12 13 17
Median Sold Price 1210 1222 1275

If you’re interested in buying or selling your home, we’re here to help!

Peter & Mari

Buying,  Selling Bay Area,  Market Update,  McDowell Real Estate Group,  Pleasanton,  Venture Sotheby's International Realty,  Your Real Estate Concierge

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Peter McDowell

Peter McDowell
CalBRE# 01361481
Phone: 925 209-0343
Email: pmcdowell@venturesir.com

Maricela Torres-McDowell

Maricela Torres-McDowell
CalBRE# 02023352
Phone: 925 596-8731
Email: mmcdowell@venturesir.com
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