Pleasanton Luxury Home Market

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A recent article in the East Bay Business Times brought to light an interesting statistic regarding the Pleasanton Luxury market and Alameda County. Here in Alameda county the number of luxury home sales dropped 37.5 percent in the third quarter from the previous year! Yes that is a large drop, but lets look at the numbers. Ten homes priced $2.5 million or higher sold in Alameda County in the third quarter compared with 16 on ‘06. So, to get a nearly 40% drop only a difference of 6 homes is needed, not too bad when we look at it that way.

Other areas to look into… Homes priced $1.5 million to $2.5 million, 63 homes sold in third quarter, down from 68 in ‘06, again not a bad number by any means. Highest priced home in third quarter of ‘07 was $3.15 million in Pleasanton.

All in all the higher end market is much better off because there are so many more safeguards put in place and most people who are or did buy a $1.5 million home are not in the same ‘creative’ place as people who purchased a $600,000 home 2 years ago.

Just for fun… The highest priced home sold in the third quarter of ‘07 in the Bay was in Atherton for $26 million.

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The Moxley Team   | October 31, 2007

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Moxley Team serves Pleasanton Home Buyers and Pleasanton Home Sellers. From Dublin Ranch Condos to Dublin Ranch Luxury Homes the Moxley Team of Alain Pinel in Pleasanton provides Home Buying Tools and Home Selling Tips. MoxleyTeam.com provides info from Pleasanton Home Sales to Dublin Ranch Developments, Dublin Ranch News and Foreclosures in Pleasanton and Short Sales in Dublin Ranch.