Avignon/Chateau Estates/Bordeaux Estates Pleasanton Market Update November 2010

The real estate market in the Avignon/Chateau Estates/Bordeaux Estates neighborhood of Pleasanton picked up some over the past six months after slowing down earlier in the year. There are three active listings and two pending sales of single family detached homes. There are four sales closed during the past six months, compared to one during the previous six month period.

The three active listings are priced at $1,431,000 or $340 per square foot. They have been listed for an average of 68 days. None of them are distressed (short sale or REO).

The two pending sales have been listed for 69 days and 10 days, respectively. The average asking price is $1,397,500 or $309 per square foot. The home on Rhone place is a short sale.

The four sales that closed in the past six months sold for $1,318,625 or $299 per square foot. That was nearly 96% of the asking price. The homes were listed for an average of 53 days. 893 Chateau Heights Court was a short sale.

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.