Pleasanton California

Pleasanton is a city located in Alameda County, California. It is known for its high quality of life and offers several features and benefits to its residents. Here are some key features and benefits of living in Pleasanton: 

Safe and Family-Friendly Environment: 
Pleasanton is considered one of the safest cities in California. It has a low crime rate, making it an ideal place for families to live and raise children. 

Excellent Schools: 
The city is home to top-rated public and private schools, providing residents with access to quality education. Pleasanton Unified School District is known for its high academic standards and extracurricular activities. 

Beautiful Parks and Open Spaces: 
Pleasanton boasts numerous parks, trails, and open spaces, offering residents ample opportunities for outdoor activities. The city has over 1,200 acres of parkland, including the popular Shadow Cliffs Regional Recreation Area and Pleasanton Ridge Regional Park. 

Vibrant Downtown: 
Pleasanton's downtown area is a charming and vibrant hub with a variety of shops, restaurants, and entertainment options. It hosts several community events and festivals throughout the year, creating a lively atmosphere. 

Strong Job Market: 
Pleasanton is strategically located near major employment centers in the San Francisco Bay Area, including Silicon Valley. The city has a diverse economy, with a focus on technology, healthcare, and professional services. This provides residents with a range of job opportunities. 

Convenient Location: 
Pleasanton is well-connected to major transportation routes, including Interstate 680 and Interstate 580. It is within commuting distance to major cities like San Francisco, Oakland, and San Jose. The city also has a BART (Bay Area Rapid Transit) station, making it easy to travel within the Bay Area. 

Cultural and Recreational Activities: 
Pleasanton offers a rich cultural scene with art galleries, theaters, and museums. The city also hosts various community events, including the Alameda County Fair, Pleasanton Farmers' Market, and First Wednesday Street Parties. Residents can enjoy a wide range of recreational activities, including golfing, hiking, and wine tasting in nearby Livermore Valley. Please note that the above information is a general overview, and it is recommended to conduct further research or visit official city websites for more detailed and up-to-date information.

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MAI Trend

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Market Action Index (MAI)

Answers the question It’s an indicator of supply and demand and overall market competitiveness; i.e. whether it’s a buyer’s or seller’s market, or if the market is heating up or cooling off. “How’s the market?” by comparing the current rate of sales versus inventory plus additional demand metrics.

  • A MAI of around 30 indicates a balanced market, with just enough supply to meet demand.
  • A MAI in the low 20s or below is a buyer’s market, with more supply than demand and prices declining in the future.
  • A MAI of 35 or more points to a seller’s market, with demand outpacing supply and prices starting to rise.
  • A MAI of 45 or more is a strong seller’s market. inventory is very tight, demand is high, and prices are likely climbing.
Median Price Vs. New Listings Median Price

Median Prices Explained

Median List Price is the median price of homes for sale in the market. It is the most useful, accurate measure of the current market. If you see that the market’s Median List Price is climbing today, you’ll see sales prices and home values in that market climbing in the future. You can look at Median List Price as a barometer of sellers’ current confidence levels, as current individual pricing decisions are based on recent pending and closed transactions.

New Listings median Price

When I price a listing, I have the knowledge of all the recent activity nearby. I know if the house down the street got multiple offers in the first week, and I price the home accordingly

Inventory Explained

Inventory tells you how many homes are for sale in each market. Watch the inventory count for early indicators that sellers are returning to the market, and how fast. Inventory typically peaks in late June, with a trough in the second week of January. Rising inventory typically favors buyers, while tightening inventory favors sellers.

The inventory chart shows both 7 day and 90 day trends.

Inventory
Average Days on Market Vs. Median Days on Market

Days on Market Explained

Days on Market (DOM) is a measure of market velocity – how long it takes homes to sell. A non-seasonal increase in DOM could indicate some softness in the market; a drop in DOM points to a market that’s heating up.

DOM typically starts falling at the end of March during the peak buying season of April through June, then starts to climb in the second half of the year. However, this seasonal trend can vary depending on the market and the unique seasonal attributes of the area

Look at a couple of years of your market’s data to determine what’s “normal” for your area in each month

Percent Increased and Decreased Price Explained

$ Price Decrease

The percent of active listings that have received a price decrease is a measure of demand. In a normal market, we tend to see about 30-35% of sellers initially over-price their homes and eventually reduce the price to attract buyers. Below 30% signals solid demand at prevailing prices, while 40% or more generally indicates reduced demand

price decreases happen more in the fall when it’s time to move the listings before the holidays

$ Price Increase

Price increases, on the other hand, are usually under 5%. When you see price increases climbing, it’s often a sign of investor activity in a market, iBuyers and flips – or simply very high demand. This is a bullish signal for future sales prices and home values.

Increased Price Percent Vs. Decreased Price Percent
Relisted Percent

Relisted Inventory Explained

Percent Relisted points to deals falling through or listings expiring – the percent of homes on the market which we’ve seen listed, withdrawn and relisted

In a normal market, we typically see Percent Relisted under 10%, and in hot markets it’s just a couple percent. Contracts are much less likely to fall through or listings to be withdrawn when the buyers are most active.

Keep an eye on this stat as you're making decisions about buying or selling. As Percent Relisted increases, it tells us that weakening competition is creating opportunity for buyers. If Percent Relisted climbs dramatically, as it did in the summer of 2006, this can be an early signal of a coming market correction. Also remember to run this number for different price segments, as the market for higher-priced homes may behave differently.

Show Segments
Segment Median Price Beds Baths Average Sqft Price/Sqft Age DOM
Top 25% $1,391,444 3 3 1,953 $670 24 12
Upper 25% $936,069 3 3 1,364 $689 36 11
Lower 25% $697,758 2 2 1,110 $633 36 19
Bottom 25% $580,777 1 1 863 $654 40 25