Foreclosures in Pleasanton:
NODs (notice of default) were down by over 35% in June as compared to the previous year and about the same as the previous month. NOS’s (notice of sale) were down by over 41% from the previous year. The highest number of NOS’s were issued to properties priced over $1 million.
With declining NODs, the pre-foreclosure inventory has fallen by over 63% as compared to the previous year –to a total of 89 homes vs. 241 last year. Homes scheduled for sale were up slightly in June (properties that have had a Notice of Trustee Sale filed, but have not yet been sold or had the sale cancelled). Bank owned inventory declined by just over 1 % as compared to last year at the same time.
Visit my website at http://www.anju4homes.com/ for additional information on foreclosure homes in Pleasanton
Thursday, August 11, 2011
Pleasanton home sales for June 2011
Pleasanton overview
The sold listings fared much better in the $400-499k price range in this very price sensitive market where investors are moving in to capitalize on the competitive rental market. All other price ranges fared marginally or significantly worse than the previous year, especially properties priced over $2 million.
Pending home sales slipped from the previous month which is not too unusual for the summer months. However this number was up to 63 this year from last year’s 55 for June.
Contact Anju at http://www.anju4homes.com/ for additional information on homes for sale in Pleasanton.
The sold listings fared much better in the $400-499k price range in this very price sensitive market where investors are moving in to capitalize on the competitive rental market. All other price ranges fared marginally or significantly worse than the previous year, especially properties priced over $2 million.
Pending home sales slipped from the previous month which is not too unusual for the summer months. However this number was up to 63 this year from last year’s 55 for June.
Contact Anju at http://www.anju4homes.com/ for additional information on homes for sale in Pleasanton.
Ruby Hill home sales for July 2011
The State of the Ruby Hill Market
Activity remained steady in July with continued low inventory.
July end Total Bank owned share Short Sale Share
Active 20 1 1
Pending 11 0 5
Sold to date 2011 32 2 4
5 home went under contract in July – good activity for the middle of summer. Only 3 homes were added to the active inventory this month. About half of the 20 active properties have been on the market for over 100 days in total, some having been taken off the market temporarily and made put back on the market. Most of these are priced over $2 million. With the conforming loan limit being adjusted downward starting October, the higher priced homes will continue to feel the pressure. The single bank owned home which is currently active on the market is priced at $2.4 million for over 8,000 s.f and built in 2006. 11 of the 43 homes sold or under contract have been either short sales or foreclosures in Ruby Hill, approximately one quarter!
Contact Anju at http://www.rubyhillliving.com/ for additional information on homes for sale in Ruby Hill
Activity remained steady in July with continued low inventory.
July end Total Bank owned share Short Sale Share
Active 20 1 1
Pending 11 0 5
Sold to date 2011 32 2 4
5 home went under contract in July – good activity for the middle of summer. Only 3 homes were added to the active inventory this month. About half of the 20 active properties have been on the market for over 100 days in total, some having been taken off the market temporarily and made put back on the market. Most of these are priced over $2 million. With the conforming loan limit being adjusted downward starting October, the higher priced homes will continue to feel the pressure. The single bank owned home which is currently active on the market is priced at $2.4 million for over 8,000 s.f and built in 2006. 11 of the 43 homes sold or under contract have been either short sales or foreclosures in Ruby Hill, approximately one quarter!
Contact Anju at http://www.rubyhillliving.com/ for additional information on homes for sale in Ruby Hill
Foreclosures Slow Down in July
Source: Foreclosure Radar
Foreclosure activity slowed again in July, except for a slight increase in Sold to 3rd Party auction sales on the courthouse steps. Notice of Default filings fell by 11.7 percent from June, and 30.6 percent from a year ago. Notice of Trustee Sale filings were down 5.4 percent from June, and have dropped 25.3 percent from July 2010. Cancellations decreased for the third consecutive month, with a 5.3 percent drop compared to June, and were down 32.0 percent year-over-year. Foreclosures going Back to Bank (REO) declined 4.0 percent from June, down for the second month in a row. Foreclosures Sold to 3rd Parties nudged up 1.2 percent from June, and are at the same level as this time last year. Time to Foreclose decreased slightly from June, down less than one percent to 313 days; although year-over-year remained up 19.5 percent. 3rd Party investors continue to resell inventory faster than banks, with the average at 131 days compared to the average Time to Resell for Banks at 235 days.
Contact Anju at http://www.anju4homes.com/ for area specific foreclosure listings in the east bay/Ruby Hill
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