AGENT MLS HOME FINDER

Pleasanton real estate is closely linked to the larger Bay Area real estate market, which is regarded as one of the most diverse in the state of California and the United States in general. At the outset of the nationwide economic depression and the collapse of the sub prime mortgage market, the Bay Area was one of the stronger portions of the national real estate market. Recently, the Bay Area and Pleasanton specifically did take some flak from the waning real estate crisis, but it appears that homes in Pleasanton are spearheading the national recovery. Homes in Pleasanton are increasing in property value and sales frequency, while negative statistics such as rate of foreclosures and number of short sales seem to be in decline.

According to an August 21, 2009 article from DQNews, sales of Pleasanton homes and homes in the Bay Area have risen to new heights, setting a record for the past four years. The article, which was published online at thestreet.com, stated that “Bay Area home sales rose last month to the highest level for a July in four years as deals above $500,000 continued to accelerate. The median sale price climbed above the prior month for the fourth consecutive month, lifted by the combination of more high-end transactions and fewer sales of lower-cost, lender-owned foreclosures, a real estate information service reported.” It continued to note that “Loans above $417,000 accounted for 30% of Bay Area home sales last month – the highest since they represented 31.9% of sales in August 2008.” This is significant because it indicates that higher-powered buyers are re-entering the market.

According to Quincy Virgillio of the California Association of Realtors, there is even better news on the way for real estate in Pleasanton. She noted that “The California Association of Realtors just produced their top 10 city list for average sales price and three of our communities made it…” There are some inconsistencies regarding real estate in Pleasanton, as noted by an August 26, 2009 article in the San Francisco Chronicle, which stated that “It’s the topsy-turvy world of Bay Area real estate. Despite studies showing prices slowly rising overall, homes at the low end appear to be playing a game of limbo, flauting prices comparable to what you’d pay for a car.”