Residential sales through the MLS in Pleasanton in May of 2006 were fairly strong, with good appreciation from last year. The average home sold in Pleasanton in May for $926,515, or 98% of the average list price of $943,410. On the face of it, average appreciation looked really great at 15.2%. However, this May’s “average” home was significantly larger than last May’s, and adjusted for square footage the appreciation was a more moderate 5.9%.
Expireds were up slightly, from five last May to fourteen this May, pushing the expired to sold ratio from 5.1% to 17.5%. The latter number is still low, however, and shows that there is still excellent demand. Unit volume was down from last year by 19.2%, less of a decrease than in other markets.
Inventory is currently at 3.7 months.
This is our eighth post of fifty in our Blogaton for Hunger