October 23, 2009 by  
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City of Pleasanton, California

Though located in California, one of the hardest hit states in the country, Pleasanton real estate has managed to hang on without falling off the real estate cliff. Recent numbers are encouraging, suggesting this Bay Area city may be on its way to climbing out of the real estate market plunge as sales volume is up and buyers are flocking back to this market in search of a good deal for investment.

According to data from The San Francisco Chronicle, sales in Pleasanton in August were up in both of the city’s ZIP codes, by 14.6% and 26.5% from figures reported in August 2008. Median prices were $761,000 and $557,000. Though those represented slight price declines, sales volume has been up recently.

Local real estate broker Angela Manatt reports that real estate in Pleasanton is now in a buyer’s market, as prices in the area are down from 10% to 30% from their peaks, but sales volume was up in September for the fourth month in row, suggesting there are many buyers out there actively seeking homes on the market.  Fellow realtor Sheila Cunha reports that the average number of days on the market for a Pleasanton home is just 43, a very low figure when compared with some current national averages.

According to data from Zillow made available on Yahoo! Real Estate, in mid-October 2009, there were almost 260 homes for sale in Pleasanton. Those homes had a median price of just under $900,000, a slight increase of just 0.1% from September prices. There was just one new home for sale, but more than 270 foreclosed homes also graced the market. These bank-owned homes are selling for a median price of just over $540,000, a fall of 3.3% from September figures.Reblog this post [with Zemanta]