Tri-Valley Update: June-August Stats

Residential sales prices are hovering around 2003 levels for Dublin and Livermore while the median Pleasanton sales price for June-August 2008 is more than $150,000 above sales prices for the same period five years ago. Dublin currently has 210 homes on the market with the median sales price from June-August 2008 at $475,000; the median price per square foot was $304; and sales for the past three months have totaled 190. Compare this to a median sales price of $490,000 during June-August 2003 and 286 sales. Meanwhile, Livermore currently has 423 homes for sale on the market. The median sales price from June-August was $438,000 (compared to $439,500, same period in 2003); the median price per square foot was $276 and the total number of sales was 353 (a decrease of 41% from 2003 sales). While Pleasanton’s median sales price ($708,000) is significantly above 2003 levels at $556,500 (at least, compared to the town’s tri-valley counterparts) sales volume is down substantially: only 175 sales were recorded this past summer compared to 483 during the summer of 2003.