Ruby Hill Homes Sales in June

Ruby Hill continued to see an encouraging amount of activity in June.


June end
                                       Total                  Bank owned share                 Short Sale Share

Active                                 22                         0                                          1

Pending                               11                         0                                          3

Sold to date 2010               26                         2                                           4


7 homes closed escrow in June and 6 went under contract – fairly good activity. The homes that went pending were priced anywhere from the low $300’s psf to the highs. It appears there is some upward pressure on pricing as the inventories remained low. Just 5 new homes were added to the inventory. Over half the active properties are priced over $2.5million – a market segment which remains somewhat soft for now.
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