After a slow second half of 2011, the Vintage Hills neighborhood of Pleasanton heated up in 2012 with 14 closed sales. There were only five closed sales during the second half of 2011 and 10 during the first half. One property is actively listed and two are pending sale.
The only active listing is on Chardonnay Drive and is listed for $898,000 or $360 per square foot. It is not distressed (short sale or REO) and has been available for 22 days.
The average asking price of the two homes pending sale is $714,500 or $358 per square foot. Both homes are new listings and have been on the market for an average of only two days. Neither property is distressed.
The 14 closed sales had an average sales price of $695,864 or $347 per square foot. They were listed for an average of 32 days and sold for over 98% of the average asking price. 571 Tannet Court and 1206 Bordeaux Street were REO.
Located in the rolling hills east of downtown Pleasanton, Vintage Hills is a neighborhood of single family homes built in the 1970′s, with floor plans ranging from 1,400 to 2,300 square feet or more. Lot sizes range from 6,500 to 10,000 square feet, with occasional lots in the 1/3 acre range. Some have views of the Livermore Valley.