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The real estate market in the neighborhood of was generally steady in the past six months. There was only one closed sale during that period, compared to five in the prior six month period. There are an additional three homes pending sale and two active listings.
The two active listings are priced at $1,845,000 on average, or $319 per square foot. They have been listed for 20 and 22 days, respectively. Neither property is distressed (short sale or REO). Both homes have detached guest suites or in-law units over the garage, and both homes are bordered by vineyards.
The pending sales are listed at an average price of $1,400,000 of $304 per square foot. They have been listed for an average of 39 days. The homes on Chateau Heights Ct and Vineyard Terrace are both short sales.
The only closed sale, 873 Chateau Heights Court, sold for $1,290,000 or $312 per square foot. That was 99% of the asking price. It was listed for 85 days and is not distressed.
Avignon, Bordeaux Estates & Chateau Estates are located just outside Ruby Hill off of Vineyard Ave in East Pleasanton. They feature luxury homes on generous lots. Avignon is one of the area’s first “Green” subdivisions. Each home has solar tiles built into the roof, which provides electricity for the home. With a beautiful setting of rolling, oak studded hills and vineyards, and spacious, well appointed homes, these neighborhoods are popular with discriminating home buyers looking for luxury homes.
Avignon/Chateau Estates/Bordeaux Estates Pleasanton Market Update April 2010