Pleasanton Home Sales December 2010

Ignoring the usual seasonal slowdown, Pleasanton had a somewhat busy month for closings in December, at least compared to the past several months. 51 sales closed during the month, the most since June when the homeowner tax credit was expiring. 37 sales closed during November. The median sales price fell slightly from $708,000 in November to $705,000 in December. The median price per square foot fell from $348 in November to $322 in December. 31% of the sales were of homes priced over $1 million in December, up from 24% in November, including a 12,570 sq ft Ruby Hill estate at 1515 Germano Way listed at $7,499,999 that sold for $5,555,940, or $442 per sq ft.

The homes that closed during December were on the market for an average of 85 days, an increase of 36 days from 49 for November’s closings. In December, the homes sold for 92% of the asking price, on average, compared to 97% in October. 24% of December’s closed sales were of distressed properties (short sales or REO), up from 23% in November.

The neighborhoods of Ruby Hill, Birdland/Pleasanton Valley, Laguna Oaks, and Pleasanton Meadows all saw strong activity for the month.

Here is a list of all closed home sales in Pleasanton in December:
Pleasanton Home Sales December 2010