Today there are 233 Pleasanton homes for sale! Eight weeks ago there were 175 homes for sale in Pleasanton. That is over 50 more, so what does that mean. In short we have more of a balanced market. When you have balance you have similar amount of buyers as seller. When this happens there are good negotiations, and more homes to view.
For the first quarter of 2011 there have been more buyers than sellers, which lead to multiple offers. On several occasions sellers have received multiple offers for their homes and sometimes got more than they were asking.
In today’s market that is less likely that to have multiple offer because in most price ranges there are several nice, well priced homes. Buyers tend to shy away when they hear a home has an offer on it. With the amount of homes that are for sale in Pleasanton now, a buyer can move to next home.
My prediction is things will continue to gradually increase as for as inventory, although that will not equate in a decline in prices. Buyers may be able to nibble a bit more from a seller’s asking price, but what we have learned over the past several years is that Pleasanton home owners are smart. As values declined so many sellers took their home of the market to ease the slide in values. Surrounding areas lost 40-50% in values yet Pleasanton 20-30%. Pleasanton homeowners can thank themselves for that!
Take advantage of this great market place right! Interest rates are great, there are a lot of homes out there and lastly values are awesome!