Foreclosure homes in Pleasanton

Foreclosures in Pleasanton:
The number of NODs (Notice of Default)issued declined in November – just 5 NODs were filed as compared to 10 this time last year – down by close to 50%.  NOSs (Notices of Sale) were down to 4 as compared to 21 the previous year – down over 80%. There were 2 new NOS filings in the million plus price range, however there were no new NOD's in this price range.

Pre-foreclosure inventories increased to 32, lower than the previous year by over 30% at 46 defaults. Bank owned inventories and those scheduled for sale declined compared to the previous year.


Wrap-up
2013 has seen a strong real estate market  in Pleasanton with prices rising 20-30% in the under million sector and over 10% in the million plus homes. Interest rates remained low throughout the year and jumbo loans were more easily available than the previous couple of years.Neighboring towns such as San Ramon/Livermore/Dublin are also experiencing  strong sales.The stock market continues to break records and the employment numbers are also continuing to improve.  The Fed stated it would continue to keep rates low in the foreseeable future which should allow the housing market to continue to strengthen in 2014.

Anju@RubyHillLiving.com or visit www.RubyHillLiving.com

Pleasanton Homes for sale

Pleasanton overview
Fifty homes were sold in November 2013, up by 11% compared to the same time last year.The average list price was up by almost 30%! The average sale price was up by over 32%. The average days on market fell to 38 days as compared to 62 days in November last year. Clearly, demand is strong.


Total sales are down as compared to last year as inventory has not kept up with demand. Million plus priced homes have sold in much greater numbers than the past five years, and the $2 million plus home sales have more than tripled compared to 2012. Sales of homes priced above $700k have all fared exceedingly well.


There were just 47 homes for sale in November, approximately one month's supply based on current absorption rates.

If you are interested in buying or selling a home in Pleasanton, please contact Anju at anju4homes@yahoo.com or www.anju4homes.com

Ruby Hill homes sell well in 2013

Happy 2014.
If last year's pricing trend continues, this should be a good year for Ruby Hill home sellers. There were 4 active homes on the market at year end, all priced over $2million. Fresh inventory should begin to appear as the new year progresses.
There were 5 pending homes at year's end - a reflection of limited inventory at this time and slower buyer demand during this holiday month. Two homes went pending in December.
A total of 69 homes changed hands in 2013 - a very healthy market for Ruby Hill. Prices have been increasing through the year- starting around the mid $300s psf to the $400s psf. The average price per square foot of the sold homes was $384 for the year. The average DOM for the sold homes was just 29 days. Compare this to 62 homes  sold in 2012 at $340 psf - over 10% increase in the psf price in 2013 .

December End          Total              Bank owned share          Short Sale Share  
Active                     3                          0                                           0  
Pending                     5                          0                                           0  
Sold to date 2013    69                          1                                           5

If you are interested in learning more about buying/selling a home in Ruby Hill please contact Anju@RubyHillLiving.com

Foreclosures in Pleasanton, Ca

Foreclosures in Pleasanton: 

There were 7 NODs (Notice of Default) filed in March this year as compared to 22 last year –the improvement in home values is definitely contributing to fewer homeowner defaults. NOSs (Notices of Sale) were down to 8 from 12 in the previous month. 

The trend in Pleasanton pre-foreclosure properties (40), bank owned (32) and those scheduled for sale (49) continued downward.

 

Wrap-up

Pleasanton inventories remained slow and prices have increased sharply as compared to the same time last year with the average sold price up by almost 30%. It is encouraging to see very healthy activity in the higher end home sales also. The stock market continues to set new records surpassing the 15,000 mark. Hiring beat expectations for March and if this trend continues, home prices should continue to increase if interest rates remain low. Inventory might begin to pick up once builders ramp up on new home production in response to increased buyer confidence. The numbers of short sales and foreclosures are becoming negligible for now

 

Please contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com.

 

 

Wrap-up

Pleasanton inventories remained slow and prices have increased sharply as compared to the same time last year with the average sold price up by almost 30%. It is encouraging to see very healthy activity in the higher end home sales also. The stock market continues to set new records surpassing the 15,000 mark. Hiring beat expectations for March and if this trend continues, home prices should continue to increase if interest rates remain low. Inventory might begin to pick up once builders ramp up on new home production in response to increased buyer confidence. The numbers of short sales and foreclosures are becoming negligible for now

 

Please contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com.

Pleasanton home sales in March

Pleasanton overview

The number of homes sold in March were in line with the same time last year, however the average sale price was up by almost 30% and the days on market fell to just 20 days as compared to over 40 last year. Inventory remained low at just one month’s supply.

Total closed sales are higher than the same time last year. Year to date sales show the greatest strength in the $600-799k. The $1m-2m price ranges are faring much better than the same time last year – 30 closed sales as compared to 18.

Active listings remained low in March. Homes which came on the market  went under contract quickly leading to a spike in the pending sales.

If you are interested in buying/selling  a home in Pleasanton, please email me at anju@anju4homes.com

 

Ruby Hill Home Sales in April 2013

There were 21 homes on the market by May end– eleven of them have been on the market for over one month and all of these are priced over $2 million. None of the active listings are distressed properties. The price per square foot ranges from $347 psf to over $600 psf averaging at the $400 psf mark.

There were 13 pending homes at this time. Eight homes went under contract in April. It is common for homes priced under $2 million to go pending within two weeks of hitting the market. Homes priced under $1.5m sell even faster with multiple offers. The lone short sale has been pending since last year. The average price per square foot of the pending homes is $372 psf. Five of the pending homes are priced over $2m.

21 homes closed by April end, one was bank owned (3450 Mercato). Seven homes sold at or above asking price . The average price per square foot is around $390 psf for the selling price.

April  End	Total	Bank owned share	Short Sale Share
Active	20	0	0
Pending	13	0	1
Sold to date 2013	21	1	0

If you are intersesting in buying or selling a home in Ruby Hill, Pleasanton, Ca please email me at Anju@RubyHillLiving.com

Foreclosure homes in Pleasanton for period ending February 2013

There were 6 NODs (Notice of Default)filed in February this year as compared to 26 last year – a dramatic decline as homeowners find themselves in a healthier equity position with increasing home values. NOSs (Notices of Sale) were up by one to 12.

Although foreclosure inventories had been falling, last month saw a sudden spike in pre-foreclosure (properties that have a NOD filed against them) inventory in Pleasanton. It appears there might be some mistake in the Foreclosure Radar data shown below as according to the previous chart there was an increase of 6 NOD’s filed in February. There were a total of 32 bank owned properties in Pleasanton at February end and just 58 bank owned homes that will be put up for sale at some stage.
If you are interesting in buying or selling a home in Pleasanton please email me at anju@anju4homes.com