This graph shows what has been happening for Bay Area Real Estate in the East Bay city of Pleasant Hill. As you would expect, as inventory rises prices fall. The interesting aspect of this graph for Pleasant Hill is that many Bay Area towns and cities are noticing a significant drop in inventory. Another concern is exactly WHY the inventory jumped as much as it did over the last few weeks. This graph represents single family detached homes at all price points. In general we find that Pleasant Hill real estate is in the mid-point in terms of desirability for the east bay. The higher price point locations are the ones actually seeing a reduction in overall inventory levels and in some cases prices are trending slightly higher while in others prices are trending down. The bottom line here is that real estate can only be looked at with a perspective of “Hyper Local”. Which means it can very widely from city to city and even neighborhood to neighborhood.
