The median home price for the 78 single family homes which sold in Pleasanton for June 2010 was $822,500 as compared to $681,000 (total of 62 were sold) a year ago, an increase of over 20%. As of the last day of June there were 196 active homes on the market - approximately 3 month supply based on current selling rates. Such a low inventory places an upward pressure on prices.
In the million plus category, 78 homes have sold year to date as compared to 56 in the comparable period last year. High-end buyers are finding it easier to get jumbo loans and they might be sensing that the more expensive home prices might have bottomed out.
This same positive pattern is reflected in Alameda county which saw the median price increase by 19.4% in one year, even though total sales decreased by 5.1%. The foreclosure sales as a percentage of total sales were 24.3% as compared to 35.4% this time last year.
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