Sales of single family detached homes fell nearly 38% in Pleasanton during September, from 74 in August to 46 in September. It is not uncommon for sales to fall in September, as summer winds down, but this was still a significant decline. Closed sales were still higher than a year ago, when there were 44. Median prices increased, both overall and per square foot.
The median sales price in September was $768,000, up $10,500 from $757,500 in August. That is about the same as September of last year, when the median sales price was $770,000. The median price per square foot in September was $359, compared to $355 in August and $344 one year ago. The average sales price was 98.7% of the list price in September, virtually unchanged for the second consecutive month.
Sales of $1 million-plus homes fell in September, from 21 in August to 10 in September. That is also a smaller percentage of all sales (22% in September versus 28% in August). September’s closings were on the market 31 days, down from 41 in August. The median age went up one year to 31. Eight of the sales in September were distressed, up from five in August. The mix of distressed properties had been on a decline since February.
The neighborhoods of Pleasanton Valley/Birdland and Ruby Hill both showed strong activity for the month of September.
Here is a list of all closed home sales in Pleasanton in September.
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