Pleasanton Real Estate – Long Term

Interesting numbers to look at in the Pleasanton Real Estate market coming out for the previous year, we see value holding strong. Why is Pleasanton still a great long term town to live in? Schools, parks, downtown, and lack of available land. Yes, the supply of land has a direct connection to the long term value of a community. With minimal land in Pleasanton available, prices of existing and even new communities will increase. Pleasanton is unique for having one of the greatest golf courses in the nation, top school scores in the state, a downtown people travel miles to visit, low crime in comparison to neighboring communities, and strong real estate values because of those factors. Pleasanton will continue to grow with and develop what little available land is left, but as we use all available Pleasanton land, our city and the prime homes within Pleasanton will increase in value and new Pleasanton residents who desire to live here will increase the value as supply decreases. As families look to buy homes in the area, they must consider Pleasanton as one that will hold value while still delivering the small town charm many communities are lacking. Â

The Weather Caused a ‘Cooling’ January Market!

Pending home sales declined 4.1 percent in January following a strong upturn in December because of unfavorable weather patterns, according to the NATIONAL ASSOCIATION OF REALTORS®. Aside from December, which got a lift from mild weather, the January index was the highest since last August. More There has been a narrowing trend from year-ago levels since last July when the index was 14.7 percent lower than a year earlier.”We’re seeing temporary near-term weather disruptions in much of the country, but there is an underlying pattern of stabilization in the housing market,” says David Lereah, NAR’s chief economist. “As a result of these weather disruptions, it may take a couple months for the picture to fully clarify, but a modest recovery is likely.”

If weather patters are holding back buyers from entering the housing market, then as we enter the Spring, housing supplies will decrease as buyers pick up remaining inventory. Initial 2007 projections were pointing towards a slow market, but as we enter 2007 we are seeing a much stronger market than was anticipated previously.

March 2007 Housing Update

As we always do at the beginning of the month we have created the housing update for the previous month. Charting the Sold homes in comparison to the amount of homes available at the end of the month. Click here to view this report and the direction the housing market is going.Â