Pleasanton CA Real Estate

Let’s see. I am beginning to feel like Bill Murray in the movie “Groundhog Day”. Alarm goes off, I get out of bed, and the everything looks eerily similar. For the Pleasanton CA real estate market, the month of June looked a lot like the month of May. Sales were steady but not spectacular, the economic and national real estate news was troubling, and an air of uncertainty hung over the real estate market like…. well like smoke from dozens of wild fires. Wait, that was smoke from dozens of wild fires. It’s not that all of the news is bad. There are some ... Read Full Story

Despite the doom and gloom from Wall Street and the national real estate and mortgage markets that has permeated our collective psyche, the Pleasanton real estate market continues to be steady in the face of adversity. September saw pending sales increase to the second highest level of the year, with 55 pending sales, up from 50 in August. This is second only to April, which saw 67 pending sales. Inventory edged lower as well, with 236 single family homes on the market at the end of September, down from 264 at the end of August. (click on graph to enlarge) So what accounts for ... Read Full Story

The Pleasanton CA real estate market continued on a slow and steady trend in January, as rainy weather and the dark clouds of bad news on real estate and the economy dampened most buyer’s moods. Fears of a recession and dismal national real estate news were instrumental in prompting the Federal Reserve to again lower short term interest rates by 3/4%, which is certainly good news for mortgage rates in the short term. And the impending stimulus plan being proposed in congress, but not yet signed into law, brought even more hope that the bottom of the cycle is near. Perhaps most significantly, the ... Read Full Story

The Pleasanton CA real estate market slowed as expected in November. While the month of November started out reasonably well, the market stalled towards the end of the month thanks to Thanksgiving (recent studies have suggested that the tryptophan in Turkey not only makes you sleepy, but also slows a person’s desire to buy real estate). Overall, the market was slow but steady. Pending sales were down for the month, ending at 31 pending sales, down from 45 in October. Inventory is also trending down, with 176 single family homes on the market at the end of November, as compared to 199 available homes ... Read Full Story

The Pleasanton CA real estate market saw a spike in activity in April, as pending sales for the month rose to their highest level since June 2007. Despite continuing dismal news on the national and regional real estate markets, and shaky economic indicators, many buyers in Pleasanton are deciding that values have reached a point where they are very attractive, and are deciding to act. This is yet another example of why there is no “real estate market”, but rather a series of micro markets that vary in terms of activity, outlook, and strength. Even within the city of Pleasanton there are neighborhoods and ... Read Full Story