Val Vista Pleasanton Market Update June2011

There has been a lot of activity in the Val Vista neighborhood of Pleasanton. There are 7 active listings and 7 pending sales in the neighborhood. 11 sales closed in the past six months, compared to 14 closed sales in the prior six month period. Over half of the properties in this neighborhood (including homes sold in the past six months, currently active listings, and pending sales) are distressed (short sale or REO).

The seven active listings are listed for an average price of $73,993 or $343 per square foot. They have been on the market for an average of 43 days. Four of the seven were short sales.

The seven pending sales have an average asking price of $538,550 or $337 per square foot. These homes have been available for 85 days, on average. Three of the seven are short sales.

The eleven sales that closed in the past six months sold for an average of $511,727, which was $337 per square foot and nearly 98% of the asking price. They were on the market for an average of 80 days. Six of eleven were distressed (3 short sales and 3 REO).

Built by Singer Homes between 1968 & 1973, Val Vista features homes between 1,370 and 1,950 square feet on lots that typically range from 6,000 to 7,000 square feet. Centrally located off of W. Las Positas and Hopyard Rd, this neighborhood contains Donlon Elementary School, as well Val Vista Park and the new soccer park.