Pleasanton has a near record low home sale inventory. As of today there are only 34 homes for sale, eight of which are under $1 Million. This is the lowest in living memory and is making it very tough for buyers. As a result buyers have been looking further out to Dublin, San Ramon and Livermore where there is a little more choice. Weather obviously is playing a part in this and hopefully as drier days return we will see more availability.
Or how are kids have no chance of buying a house without help!
They keep increasing! That's right over the years no matter what drama in the world occurs, both the Bay Area rental market and airfares increase!
Do you remember;
1/ Savings and loan scandal 1987 rents increased
2/ Loma Prieta earthquake rents increased
3/Oakland Hills fire rents increased
4/Russian economy crisis (you forgot about this one) rents increased
5/Tech bubble rents increased
5/911 rents increased
6/ Financial collapse rents increased
Honorable mention to invasions of Iraq (2).
In all cases residential rents in the Bay are increased due to potential buyer fear leading to delays in decisions to purchase which drives demand for an ever dwindling supply of rental housing. This makes real estate one of the most bullet proof investments you can buy!
On December 24th 1986 I received my letter from the then Dept of Real Estate telling me I had passed my examination exam, seems just like yesterday! Anyway here are a few of the homes I have SOLD since then (records only go back to 1991) in the Coventry Avondale Stratford Park neighborhood. Is yours next?