Ponderosa & Country Fair Market Snapshot

The Ponderosa & Country Fair neighborhoods have seen strong activity in the past 6 months, with a spike in both pending and closed sales. Here is a snap shot of the neighborhood activity as of November 2009.

There is currently 1 home for sale in Ponderosa and Country Fair, with an asking price of $759,000, which equates to an asking price of $376 per square foot. This home has been on the market for 32 days.

There are 5 pending sales in Ponderosa and Country Fair, with an average asking price of $707,580. The average asking price per square foot for these pending sales is $336 and the homes have been on the market an average of 49 days.

There were 9 closed sales in the last 6 months, with an average sales price of $798,367. This averages out to $326 per square foot, and represents 96.8% of the asking price at the time of sale. On average, the sold properties were on the market for 76 days.

Overall, market activity started slowly this year, but picked up steam beginning in April. However, much like other neighborhoods in Pleasanton and the Tri-Valley, there were some lower sales prices on distressed properties (short sales and Bank Owned) which impacted price levels in these neighborhoods. This can be seen by the decline in the price per square foot on homes sold from May through early September ($338 vs. $271). However, prices appear to be stabilizing, with a firming of the average price per square foot on homes sold in the past two months, as can be seen in the following table.

Overall, the Ponderosa and Country Fair neighborhoods have remained very much in demand, and the attractiveness of the floor plans, along with the central location, abundance of parks, and great commute access continue to make this a can’t miss neighborhood.