Month-over-Month Changes

The Pleasanton real estate market experienced some changes in July 2023 compared to June 2023. Here’s a summary:

  • Homes Sold: 45 homes were sold, a 7% increase from 42 sales the previous month.
  • Median Sale Price: There was a 9% increase, from $1,690,000 in June to $1,850,000 in July.
  • Days on Market (DOM): The DOM stayed the same at 7.
  • Percentage of List Price Received: Sellers received 105% of their asking price, reflecting strong demand.

These changes suggest a market that remains competitive, with properties selling quickly and at higher prices.

Year-over-Year Comparison

Comparing July 2023 to July 2022, the following year-over-year changes were noted:

  • Homes Sold: Decreased by 25%, from 60 to 45.
  • Homes Listed: Decreased by 39%, from 79 to 48.
  • Median Sale Price: Increased by 9%, from $1.70M to $1.85M.
  • Average Dollar per Square Foot: Increased by 4%, from $841 to $875.
  • Median Days on Market: Decreased by 46%, from 13 to 7.
  • Months of Inventory: Decreased by 46%, from 1.3 to 0.7.

These statistics indicate a market with fewer listings and sales compared to the previous year but with higher prices and quicker sales.

Price Points and Quadrants

The July 2023 sales details were broken down by quadrants:

  • Top Quadrant: 12 homes sold, Median Sale Price: $2,730,000, Median DOM: 7, Avg. $/Sq.Ft.: $781.
  • Second Quadrant: 11 homes sold, Median Sale Price: $2,002,000, Median DOM: 6, Avg. $/Sq.Ft.: $873.
  • Third Quadrant: 11 homes sold, Median Sale Price: $1,656,000, Median DOM: 8, Avg. $/Sq.Ft.: $833.
  • Bottom Quadrant: 11 homes sold, Median Sale Price: $1,400,000, Median DOM: 8, Avg. $/Sq.Ft.: $901.

These details provide insights into the segments of the market that are most active, with an even distribution across the quadrants.

Conclusion

The Pleasanton market in July 2023 showed an increase in sales and prices compared to the previous month but a decrease in sales compared to the previous year. The breakdown by quadrants offers valuable insights for buyers and sellers, highlighting the competitive nature of the market.

Data provided by MLSListings and is deemed reliable but not guaranteed.