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Closed sales in Pleasanton declined only a little in August, to 40, from 43 in July. The median sales price fell pretty dramatically from $899,899 in July to $752,500 in August. While the median price per square foot did decline in August to $337 from $356 in July, the biggest reason for the decline in the median sales price was fewer sales of high end homes. Only 22% of the sales were of homes priced over $1 million in August, compared to 44% in July. August’s mix is closer to what we saw in June (30%) and May (19%).
The average days on the market increased to 41 days in August, from 30 in July. ON average, homes sold for 96.9% of the asking price, down a little from 98.1% in July. There were also a greater portion of distressed (short sales or REO) homes in August. 18% of closed sales were distressed in August, compared to 12% in July.
The neighborhoods of Pleasanton Valley & Birdland, Vintage Hills, California Place, and Ruby Hill all showed strong activity in August.
Here is a list of all closed home sales in Pleasanton in July:
Pleasanton CA home sales August 2010
Pleasanton Home Sales August 2010
Pleasanton Home Sales August 2010