Homes in Pleasanton are selling for significantly more than their list price and in record time.
Is this sustainable? One local real estate expert says yes.
“Every time I think there’s going to be a little bit of a break, you hear more stories of crazy multiple offers,” said Pleasanton Realtor Jennifer Branchini, the 2021 treasurer for the California Association of Realtors. “Unless we get a ton of inventory, the fierce competition is going to persist for a while longer.”
The median sales price for a single-family detached home in Pleasanton has exceeded $1 million each month since 2016. During March 2021, the median price was $1.53 million.
Homes sold, on average, for more than 10% of their asking price. And during the first quarter of 2021, a home was on the market in Pleasanton for an average of 13 days, compared to 27 days during the first quarter of 2020.
Home sales in Pleasanton increased 60% compared with last March 2020.
