Homes in several price points have fared better in sales this year compared to previous years, especially in the $400-499k – over double the number sold last year. The $500-599 and $700-799k have also done better with most other categories being comparable, except for the $2 million plus range, which continues to do poorly.
August sales were higher in Pleasanton by 47% as compared to last year; however both median and average prices were lower by 0.53% and 2.58% respectively.
At current absorption rates, there is a 3 month supply of homes in Pleasanton, which remains at a healthy level with the average days on market being at 49 days (same as last year at this time but lower than 2009).
For more information, please visit www.RubyHillLiving.com or contact anju@rubyhillliving.com
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