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Real Estate Trends

Jun 01, 2019 08:20AM ● By Norma Flaskerud


Pleasant Hill’s Market Data

This market update focuses entirely on Pleasant Hill.  We can access the same data for any and all towns, so if you want it on another town, simply ask and we shall provide it.

As of late April the median home for a single-family home in Pleasant Hill was $917,388 in a market strongly favoring sellers.  Home sales continue to outstrip supply, causing the strong sellers market to create upward pricing pressure. Average price per square foot is $506, and average days on the market is 52, but the number of days on the market decrease dramatically as the price goes down.  

Strong Seller's Market 

Yes, the median as of May 23 is lower than late April’s was, but that is based on what is for sale on any given day. In the last few weeks, the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the seller’s market zone.  If the market heats up, prices are likely to resume an upward climb. 

 

Real-Time Market Profile 

Never miss important changes in the Pleasant Hill market. 

Median List Price 

$865,000 

Per Square Foot 

$487 

Days on Market 

36 

Price Decreased 

15% 

Price Increased 

5% 

Relisted 

7% 

Inventory 

41 

Median House Rent 

$3,175 

Most Expensive 

$1,298,000 

Least Expensive 

$649,900 

Market Action Index 

67 

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price 

Sq. Ft. 

Lot Size 

Beds 

Bath 

Age 

New 

Absorbed 

DOM 

$1,117,000 

2,344 

8,000 - 10,000 sq. ft. 

48 

54 

$924,888 

1,949 

0.25 - 0.5 acre 

42 

49 

$814,500 

1,927 

8,000 - 10,000 sq. ft. 

64 

36 

$699,000 

1,277 

6,500 - 8,000 sq. ft. 

68 

7

Source: Remax Accords Market Report

 

Open houses are well attended, with often over 100 visitors on a Saturday or Sunday.  Multiple offers are common, especially on well-priced, perfect homes! Contact us if you need to sell now or in the future; it’s time to start thinking about your home’s value and what to do to enhance it!

The Fireworks!

July 4th will see another fabulous fireworks display at College Park High School, with fun activities like live music and food booths. We spearhead fundraising to add to what the city pays so the fireworks can be bigger and better each year!  We are matching donations, so send yours in right away; we need them early so the committee will have the money in hand to order the latest and greatest fireworks ever!  When you mail your donation to the Pleasant Hill 4th of July Commission, put “Flaskerud” on the envelope or check so we can match it!  Mail to: PO Box 23272, Pleasant Hill, CA 94523.

The Flaskerud Team proudly supports our Celebration of American Independence Day!

 

Oasis Veterinary Pet Adoption Connection

 

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