Does the Market in general seem to be improving in the Pleasanton, Tri-valley area??

Asked by M. Antoinette Mcfadden, Brentwood Ca 94513 Thu Jul 5, 2007

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11
The Harper T…, Agent, Danville, CA
Fri Jul 6, 2007
The answer is NO if you are a seller and YES if you are a buyer. The market is not improving in general. The market is fairly stable. If you compare that top the rest of the region or the nation - Pleasanton is better off than many.

You might describe the market as a "Value Conscious Market." If you look at the MLS trends for Pleasanton (see link below), you notice that the gap between active listings and pending sales is very wide.

For buyers this means a stronger position at the bargaining table. For the seller it means PRICE RULES.

You can request the FREE 14 Page Market Details report for Pleasanton on our site. We are happy to discuss the significance of the trends with you along with our NO Hassles guarantee.
3 votes
Lora, Home Buyer, Pleasanton, CA
Tue Aug 25, 2009
I would much rather move to San Ramon than Pleasanton if not for the commute issue. I remember times during mid-nineties when Fremont homes were valued higher than Pleasanton because of proximity to hot dot-com jobs and still good schools. I am really curious to see what will happen in high-end Pleasanton market as most of notices of default now occur in that sector.
0 votes
Karam, Home Buyer, 96150
Fri Aug 21, 2009
All the answers below focus on Pleasanton and don't speak about other communities of the Tri Valley.

In Livermore, prices fell between 40 to 50% from peak, prices there seem to stabilize as the sub-prime crisis is winding down. But one could argue that Livermore is very different from Pleasanton.

San Ramon, few miles north of Pleasanton, has the same great schools, neighborhoods... Prices there are falling, many foreclosures, and that will put a lot of down pressure to prices in P.

So now as a buyer you have the choice:
- Pleasanton: avg $326/sqft --- great school, good location
- San Ramon: avg $293/sqft --- great school, good location
- Livermore: avg $241/sqft --- good school, good location
From that alone I would expect prices in P to reach around $300/sqft by the end of 2010 (8% drop) if Livermore and San Ramon stay about the same.

Think about it, prices reached an equilibrium (between tri valley cities) before the bubble started, they should go back to equilibrium when the bubble is done bursting.
0 votes
Lora, Home Buyer, Pleasanton, CA
Thu Aug 6, 2009
0 votes
Lora, Home Buyer, Pleasanton, CA
Fri Jul 31, 2009
I agree with John. Wait and see what happens come September when CA moratorium on forclosures ends and folks with school aged children are pretty much settled. Pleasanton is a nice place, however, homes are still overpriced, especially the ones in 800,000+ range. Mortgage rates are not as low as they were in April and May, and jumbo loans are not that easy to obtain, not mentioning rising unemployment. People generally relocate to Pleasanton not because they have to, but because they want to, and that makes a nice community, but not in tough times, when you need proximity to as many jobs as possible, and this is where Pleasanton falls short to compare to the other side of the hills, San Francisco or Silicon Valley. Just yesterday I have met a gentlemen who was forced to sell in Pleasanton and move to Fremont because he has partial disability and the type of work he can do does not support high mortgage payment. I am a prospective Pleasanton buyer and I remain optimistic - there is still time to pick and choose and even negotiate:))) Recent price reductions speak for themself, you can look them up here on the site.
0 votes
Gary Schwaeg…, Agent, Pleasanton, CA
Fri Jul 31, 2009
Pleasanton is a truely Blessed and prosperous Community so proceed with caution. Meaning Pleasanton doesn't always look at the reality of the real world around them (caugth up in your own world) as surrounding Communities mostly over the hills are suffering 50-60% decline in RE values Pleasanton suffered near 23%. From Schools to Quality of Life attracts and drives strong values in the Market Place. No offense intended Gary Schwaegerle
0 votes
Ablarg, Home Buyer, Pleasanton, CA
Sun Jun 8, 2008
The answer is no, the market is not improving for sellers. Nor can it be expected to in next 2-3 years.
See the chart and article in Businessweek for more info as to why.
0 votes
Jessica Gamez, , The East Bay, Central Valley and Sacramento, www.jessicagamez.mywindermere.com
Fri Nov 16, 2007
It is a great buyers market. But if you're a seller you can go to the Windermere website below and see what other homes in your area are going for.
0 votes
Pam Winterba…, Agent, Danville, VA
Thu Aug 30, 2007
It seems to be more balanced at this time. We had a slight increase in inventory in July and now waiting for the August statistics. The average time on the market for July was 4.6 months based pending sales and the average time on the market was 30 day. A properly priced and marketed property will have an offer within the first 30 - 45 days will sell. The key is correctly pricing a property.
0 votes
#1, , San Francisco Bay Area
Thu Aug 30, 2007
Pleasanton is Pleasonton. The area is awsome... the schools are awsome and people just want to buy Pleasanton. It's one of those nitche areas.

Pleasanton has their share of too long on the market homes, just like everywhere else but the homes that are properly priced... at all levels are selling. Especially the upper end homes.

Pleasant is always an awsome market.
0 votes
Dave Cunning…, Agent, San Francisco, CA
Thu Jul 5, 2007
Yes, Pleasanton's market is doing better than it was a few months ago. I represented my sister on her purchase in the Del Prado neighborhood of Pleasanton about 5 months ago and there was much more inventory at lower prices than there is now. If you need a referral for a terrific agent in Pleasanton, I have a friend who is an expert in the Pleasanton/Tri-Valley Area and would be happy to make a referral!
0 votes
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