Patty Manzi’s Tri-Valley Real Estate Blog

Pleasanton Real Estate Update

As of today, November 20, 2009 there are 152 Active listings on the Multiple Listing Service (MLS) in Pleasanton.

There are 153 Pending sales (72 of which are Pending Subject to Lender Approval as they are a Short Sale/Potential Short Sale). 

From the period of November 1 – 20, 2009, there were 37 Sold transactions (escrow closed) ) with an average time of 38 Days on Market (DOM) and an average sales price of $802,524 (lowest sold = $225,000 / highest sold = $3,200,000)

The lowest priced home in Pleasanton is at 8003 Arroyo; it is a 2 Bedroom/1 Bathroom, approx. 903 sq.ft. Condo offered at $285,000 (DOM 39). 

The highest priced home in Pleasanton is at 3040 W. Ruby Hill Drive; it is a 7 Bedroom/9+ Bath, 6-car garage home, approx. 14,586 sq.ft., Single-Family residence offered at $9,800,000 (DOM 204).

If you are looking for Pleasanton Rental properties there are 31 rental properties on the MLS in Pleasanton. They range from a 400 sf, 1 bedroom, 1 bath near downtown for $845 month, to a 8,931 sq.ft, 7 bedroom, 9 ½  bath home in Castlewood for $9,000 month.

As a California licensed real estate Broker & Property Manager I am constantly researching the market and analyzing home prices so I can serve you with the latest and most accurate information. As always, I offer my services to you as your Home Research specialist.  For more information, contact me, or visit my website at:  www.PattyManzi.com.

Pleasanton Real Estate Update

As of today, October 9, 2009 there are 173 Active listings on the Multiple Listing Service (MLS) in Pleasanton.

There are 158 Pending sales (67 of which are Pending Subject to Lender Approval as they are a Short Sale/Potential Short Sale). 

From the period of October 1 – October 9, 2009, there were 16 Sold transactions (escrow closed) ) with an average time of 51 Days on Market (DOM) and an average sales price of $693,531 (lowest sold = $185,900 / highest sold = $1,995,000)

The lowest priced home in Pleasanton is at 8034 Arroyo; it is a 2 Bedroom/1 Bathroom, approx. 798 sq.ft. Townhouse offered at $175,000 (DOM 1). 

The highest priced home in Pleasanton is at 4140 Foothill Road; it is a 5 Bedroom/6+ Bath, 16-car garage home, approx. 8,590 sq.ft., Single-Family residence offered at $12,500,000 (DOM 170).

One the rental side of the market there are 36 rental properties on the MLS in Pleasanton. They range from a 400 sf, 1 bedroom, 1 bath for $845 month to a 8,931 sq.ft, 7 bedroom, 9 ½  bath home for $9000 month. 

As a California licensed real estate Broker & Property Manager I am constantly researching the market and analyzing home prices so I can serve you with the latest and most accurate information. As always, I offer my services to you as your Home Research specialist.  For more information, contact me, or visit my website at:  www.PattyManzi.com.

Pleasanton Real Estate Update

As of today, September 18, 2009 there are 186 Active listings on the Multiple Listing Service (MLS) in Pleasanton.

There are 164 Pending sales (67 of which are Pending Subject to Lender Approval as they are a Short Sale/Potential Short Sale). 

From the period of September 1 – September 18, 2009, there were 45 Sold transactions (escrow closed) ) with an average time of 49 Days on Market (DOM) and an average sales price of $762,311 (lowest sold = $254,900 / highest sold = $2,969,000)

The lowest priced home in Pleasanton is at 8169 Arroyo; it is a 2 Bedroom/1 Bathroom, approx. 903 sq.ft. Townhouse offered at $224,900 (DOM 1). 

The highest priced home in Pleasanton is at 4140 Foothill Road; it is a 5 Bedroom/6+ Bath, 16-car garage home, approx. 8,590 sq.ft., Single-Family residence offered at $12,500,000 (DOM 149).

One the rental side of the market there are 38 rental properties on the MLS in Pleasanton. They range from a 600 sf, 1 bedroom, 1 bath for $895 month to a 6,450 sf, 6 bedroom, 6 bath home for $9900 month. 

As a California licensed real estate Broker & Property Manager I am constantly researching the market and analyzing home prices so I can serve you with the latest and most accurate information. As always, I offer my services to you as your Home Research specialist.  For more information, contact me, or visit my website at:  www.PattyManzi.com.

The most common disagreement between tenants and landlords is over the refund of the security deposit after a tenant has vacated a rental/leased unit.  California law specifies procedures that the landlord must follow for refunding, using, and accounting for the tenants’ security deposit. 

Under California law the landlord is allowed to use a tenants’ security deposit for the following  four (4) purposes:

1. For unpaid rent
2. For cleaning the rental unit when the tenant moves out, BUT ONLY to bring the unit up to the level of cleanliness the unit was when the tenant first moved in
3. For repair of damages, other than normal wear and tear, that is caused by the tenant or the tenant’s guests
4. For the cost of restoring or replacing furniture, furnishings, or other personal property items (including keys), that were included with the original rental/lease agreement, other than normal wear and tear.

A landlord can withhold only the amounts that are reasonably necessary for these purposes.  The security deposit cannot be used for making repairs on things that existed before the tenant moved in, or for conditions caused by normal wear and tear.  

A rental agreement or lease can NEVER state that a security deposit in non-refundable.

Under California Law, 21 calendar days or less from day you move out, the landlord must do the following:

1. Send you a full refund of your security deposit.
2. Mail or personally deliver an itemized statement that lists the amounts of any deductions from your deposit, the reason for the deductions, along with a refund of any amounts not deducted.   The landlord must also send you copies of receipts for any charges the landlord personally incurred to repair or clean the rental/leased unit.

The landlord must send the itemized statement, copies of invoices or receipts, and any estimates to you at the forwarding address that you provide.  If you do not provide a forwarding address, the landlord is obligated to send the documents to the address of the rental unit you moved out of.    The landlord is also not required to send copies of any documentation if the repairs/cleaning costs are less than $126.

If you have a dipute about your refund, you must contact the landlord IMMEDIATELY by phone or e-mail, but you should always follow this up with a formal letter.  There are many agencies you can contact for assistance.  For more information contact the California Department of Consumer Affairs, www.dca.ca.gov.