Where Have All the Deals Gone?

Have you missed the boat? Maybe…

Dublin Ranch Condos pricing and homes for sales in Pleasanton, CA are on the rise.

For the past year or so we have had a lot of home buyers telling us something along the lines of “We want to buy a home, but are not in a rush, we really want a good deal.” That is a fair statement to make, but unfortunately, the ship of deals may have sailed… Here are a few examples of what we mean. In the past few months we have seen a surge in the number of offers being placed on homes as they come on the market. Homes come on the market and receive offers within a few days.

This link is for Pleasanton homes that were listed in the last 30 days and are now pending. The days on MLS is located about half way down the page. Pleasanton Homes DOM. We have seen pricing from the beginning of the year on the rise. Dublin Ranch Condos have seen an increase in pricing from $330,000 in March to $385,000+ now. Up the hill in the Lennar development a home was sold in January for $600,000 and came on the market last Friday and is pending at $629,000 (accepted offer was likely higher). In Pleasanton the Jensen/Amador neighborhood had home sales in March at $500,000, now comparables are above $550,000. Prices are coming up in many areas, there are more multiple offers on homes and the overall confidence is improving. A few examples are below 

Months Supply of Tri Valley Homes:

In October 2008 months supply for Pleasanton homes was 8.19 months, Dublin was 6.93, San Ramon was 6.59.

The latest update we posted September home sales 2009 had Pleasanton home at 2.33 months, Dublin was .86, San Ramon was 1.82 months supply

Stock Market:

In the past year, as you know the  DOW has climbed 13% and is up from its low in March ‘09 of 6,469 to over 10,000. Also as companies report their Q3 earnings many of them beat the streets expectations on earnings, driving the stock market higher.

Consumer Confidence:

 Recent data out shows overall people are becoming more optimistic Julia Boorstin.

What are your thoughts? Do you think there are still opportunities to find good deals on housing and has the market hit bottom?

September 2009 Home Sales Pleasanton, Dublin & Area

Dublin & Pleasanton home sales September 2009

As Pleasanton Realtors we love seeing sales improve, and so should any resident of the Tri Valley. Pleasanton home sales for September 2009 were not the only ones on Fire! Dublin home sales, Danville home sales and Livermore home sales were also up compared to August 2009. Only San Ramon saw a slight reduction in the number of homes sold compared to August 2009 sales.

Since early in 2009, home sales have been climbing. September closed home sales were the highest level all year in Pleasanton for example. If you missed the Today show the other day, the frequent guest Barbara Corcoran named San Francisco as one of the top 10 places in the country to buy real estate, and she even mentioned Danville and Walnut Creek as being great places outside the city. Someone 3,000 miles away seeing something in our area is obviously no surprise, but as a buyer this is a great boost of confidence in purchasing in the Pleasanton to Danville area.

Take a look at home sales for the Tri Valley

Pleasanton Home Sales September 2009

Livermore Home Sales September 2009

Dublin Home Sales September 2009

San Ramon Home Sales 2009

Danville Home Sales 2009