Sales at a glance
Original post made on Apr 6, 2013
Read the full story here Web Link posted Thursday, April 4, 2013, 8:33 AM
on Apr 6, 2013 at 8:55 pm
Hi, our family would like to purchase a home in Pleasanton. We love the feel of the community and we think it would be a great place to raise our kids who are now 2 and 10 months. Unfortunately, many foreign cash (mainly investors) has ruined for many of us. I have lived in the Bay Area for 37 years and this is the worst I've seen it as a buyer. We expanded our search to Dublin and San Ramon, but our heart is set on Pleasanton. Any advice of getting a home in this wonderful town?
on Apr 6, 2013 at 10:34 pm
I'm not sure if foreign cash and investors are a significant factor in Pleasanton. A lot of houses on the Pleasanton market don't seem to make a lot of sense to buy from an investment standpoint because the price-to-rent ratio isn't very favorable.
Unfortunately, the inventory is rather low these days and there seem to be a lot of prospective buyers panicking because of that and the uptick in prices. It's a lousy time to be a buyer. I would continue to save and wait for the overheated sentiment to cool down a bit.
on Apr 7, 2013 at 12:11 am
You may well be right, but I remember that a lot of people were giving similar advice back in 2002, and the people who waited for lower prices then never got them (at least in Pleasanton).