Pleasanton Market Update February 2010 - Inventory & Sales Up

Inventory and sales levels of single family homes increased for the second straight month in Pleasanton, driven primarily by homes priced under $1 million. Homes in that segment made up 51% of the inventory and 87% of pending sales. Pending sales actually decreased for homes priced from $1 million to $2 million.

The total inventory of single family homes increased in February by 17 homes, a 17% increase over January. Because of the inventory gains in homes priced below $2 million, there is now approximately 2.3 months of inventory in Pleasanton, up from 2 months at the end of January. Pending sales increased by two to 52 at the end of February.

All Pleasanton Single Family Homes
Inventory Vs Pending Sales Feb 2010

Homes priced below $1 million saw the greatest increases in both inventory and pending sales in February. Inventory increased 12 units or 24% to 61 homes. That gets us back to the levels we saw in October and November of 2009 but still considerably short of the 128 homes on the market in February 2009. Pending Sales in this segment increased 25% or 9 units to 45 in February. That is a strong number for Pleasanton, especially compared to the 16 pending sales we had in February 2009. With increases in both inventory and sales, inventory remained nearly unchanged at 1.4 months.

Pleasanton Single Family Homes Under $1 Million
Inventory Vs Pending Sales Feb 2010