The real estate market in The Gates neighborhood of Pleasanton was very active during the first six months of this year, with seven closed sales. That is more closed sales than during all of 2011. By comparison, only 3 sales closed in the previous six month period and five closed in the same period a year ago. There is one active listing and one pending sale. None of the properties here are short sale or REO.
The active listing is on McHenry Gate Way and is listed for $750,000 or $411 per square foot. It has been on the market for 50 days. The pending sale is on Funston Gate Court. It is priced at $795,000 or $378 per square foot and has been on the market for six days.
The average sales price of the seven closed sales was $740,714 or $385 per square foot. They were listed for an average of 21 days and sold for about 101% of the asking price.
This popular neighborhood is situated in the middle of Pleasanton, and is located off of Santa Rita Road. “The Gates” is actually comprised of three different neighborhoods built by Signature Properties, William Lyon Homes, and Woodhill Development. It is known as “The Gates” because most of the street names have the word Gates in them (e.g. Sutter Gate, Larimie Gate).