Real Estate Information Blog & News

Pleasanton, a major suburb of the San Francisco Bay Area, depends heavily on the larger economy of that region. Pleasanton real estate has been facing mixed signals over the last few months, according to a March 11, 2010 article in ABC News 7, “For the first time in a long time, some of the Bay Area’s hardest hit counties are seeing their foreclosure numbers drop compared with last year…At least temporarily, fewer bank-owned properties are coming on the market. In some areas of Contra Costa County, there is intense competition for them among buyers.” The piece, composed by Laura Anthony, continued to say that “Still, there are many Bay Area communities where foreclosure activity is on the rise, including San Mateo County, up 51 percent in the last year and San Francisco, up 58 percent. Counselors say many of the struggling homeowners they see now have lost their jobs.”

One negative piece of news for Pleasanton homes for sale was a decrease in the number of sales, according to a March 19, 2010 article in The Reporter. This piece found that “Solano County home sales, like those in several other Bay Area counties, were sub-par again in February, dipping below the year-ago level for the second straight month as some potential buyers worried about three things: 1) job security; 2) inability to obtain financing; and 3) thin inventories of homes for sale.” According to John Walsh, the President of MDA DataQuick, “The sales and price data remain choppy, with more ups and downs and inconsistencies than we’d typically see. It’s partly the season – January and February are often atypical and don’t serve as good barometers…There’s still relatively little lending going on in the upper price ranges, and little adjustable-rate financing, which had been vital to the Bay Area.”

The conflicted nature of Pleasanton real estate for sale was further illustrated by a March 18, 2010 article in the Contra Costa Times, which noted that “Bay Area home sale prices rose for the fifth-straight month while the number of homes sold fell for the second-consecutive month on a year-to-year basis as some buyers are finding it harder to get into a home due to worries about job security, a lack of inventory and difficulty getting financing.”