Sales activity picked up during the past six months in the Fairlands Terrace and Peasant Crossing neighborhood of Pleasanton. However, with seven closed sales and another four pending, sales still lag behind 2011 when there were a total of 12 closed sales. Three properties are actively listed, so there is still time to make up the difference. By comparison, three sales closed during the previous isx month period and nine closed during the six months prior to that.
The three active listings are priced at $775,946, on average. That equates to $362 per square foot. These homes have been on the market for an average of 39 days. None of them are short sales or REO.
The average list price of the four pending sales is $650,486 or $369 per square foot. They have been available for an average of 35 days. The properties on Pimlico Drive and Kirkcaldy Street are short sales.
The seven closed sales had an average sales price of $600,332 or $325 per square foot. They sold for nearly 98% of the average asking price and were on the market for an average of 20 days. Three of the properties were distressed (short sale or REO).
Located on the eastern portion of Pleasanton at the end of W. Las Positas Blvd., Fairlands Terrace and Pheasant Crossing are similar in age and style, although many of the homes in Pheasant Crossing feature a Tudor style exterior. Both of these neighborhoods are close to Fairlands Elementary School, and some streets feature a greenbelt that allows access to the school without using city streets. They are also close to Meadows Park, a large neighborhood Park at the end of W. Las Positas Blvd. In addition to great access to the neighborhood elementary school, both neighborhoods have excellent accessibility to I-580 and BART.
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