Pleasanton’s real estate market in November is in many respects a hotter market than last year, yet it defies a simple characterization.
The average Pleasanton homeowner saw their homes appreciate 13.1% (on a price per square foot basis) from last year. This year’s average list price was $988,765, and the average sale price was 99.9% of that, at $988,216. The median sale price was $760,000.
The average time a home spent on market before being sold shrank 17%, from 18 days last year to 15 days this year. Inventory is high by Bay Area standards but much lower than we find in the Central Valley, at 2.5 months. The ratio of expireds to solds has shrunk from 18.3% last year to 12.0% this year. (Lower numbers mean that homes are less likely to expire, i.e., sellers are more successful in getting their homes sold).