Pleasanton saw an increase of more than 10% in closed sales of single family detached homes in August over July. Year-to-date through August, sales were up 17% over 2011 (451 versus 386, respectively). Prices remained fairly stable, with the 2011 year-to-date average of the monthly median sales prices at $715,625, versus $720,188 for the same period in 2011, a 1% decline.
74 sales closed in August, up 10% from 67 in July and up 23% from 60 in August 2011. The median sales price fell about 2% in August, from $776,000 in July to $757,500 in August. August’s average sales price was about 2% higher than August 2011. The median price per square foot was $355 in August, down slightly from $359 in July but up from $346 in August of last year. The average sales price was 98.8% of the list price in August, little changed from 98.5% in July.
Sales of $1 million-plus homes rose in August to 21 from 15 in July. 28% of August’s sales were for $1 million or more. The sales that closed in August were on the market for an average of 41 days, compared to only 28 days for sales that closed in July. The median age was 30 in August, compared to 28 in July. Only five of August’s closings were distressed, the fewest of any month this year.
The neighborhoods of Ruby Hill, Pleasanton Valley/Birdland, and Valley Trails all saw strong activity for the month of August.
Here is a list of all closed home sales in Pleasanton in August.
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