Activity in the neighborhood of has slowed substantially in the past six months, primarily due to a lock of inventory. There have been three closed sales, with two more pending. The neighborhood has only one active listing. That is contrasted with the previous six month period, when there were ten closed sales.
The one active listing on Mission Drive is listed for $619,950 or $325 per square foot. It has been listed for about one month. This home is a short sale.
The two pending sales are listed for an average price of $642,000 or $435 per square foot. Both homes have been on the market less than 20 days. The first pending sale shown on the chart below is a short sale.
The closed sales sold for $696,633 on average. That equates to an average of $301 per square foot and nearly 97% of the asking price. The homes were listed for an average of 80 days, although one sold in two and another in 172. 5274 San Luis Court is REO.
Mission Park is located in South Pleasanton off Sunol Blvd and has mostly ranch style homes, many of which back to a hillside. There are also a couple of pockets of custom homes in Mission Park. The neighborhood is very conveniently located, with excellent access to I-680 and the ACE Train. Mission Park, one of Pleasanton’s most popular neighborhood parks, is located within the development. It is also located close to schools and downtown Pleasanton.


Mission Park Pleasanton Market Update May 2010