Foreclosures in Pleasanton

Foreclosures in Pleasanton:


NODs (notice of default) were up 37% from the previous month after declining since February.

NOS’s (notice of sale) were up 58% from April but lower by over 20%from the previous year. There were 6 NOS’s and 2 NOD’s in the million plus price range in May.

The number of properties in the pre-foreclosure (properties that have had a notice of default filed against them) fell by over 10% from the previous month and by almost 56% from the same time last year. At 99, properties scheduled for sale and bank owned inventories were down by both comparisons also. There were a total of 59 bank owned properties in Pleasanton in May.


Wrap-up

Buyer remains strong and open houses are well attended. Well priced homes are selling quickly in all price points except the very high end. Investors are still playing a large role in home sales as the rental market continues to show strength. The inventory of active homes remains very low due to a variety of reason. Firstly, bank owned properties are barely trickling to the marketplace due to strategic/political reasons. Secondly, many homeowners who are behind with their mortgage payments are continuing to stay in their homes for extensive periods, without any pressure to sell their home from banks. Lastly, those who have equity in their homes are refusing to sell whilst prices remain depressed, unless they have to. The job market is not showing much strength and the stock market remains volatile with continued uncertainty over the European economy and weak projected consumer demand worldwide. Hard to tell what the future holds, however for now, the real estate market seems to be showing strength.

For more information contact anju@anju4homes.com or visit http://www.anju4homes.com/

Pleasanton Home Sales in June 2012

Pleasanton overview


May home sales were 50% higher than this time last year with the median home price going up marginally and the average days on market falling to 47 days with continuing low inventories. With 102 active homes at May end, there was only one month of supply based on current absorption rates!


Although 2012 sales to date have been lower than the previous year, this can still be attributed to lower inventory as opposed to lack of buyer demand. The average days on market crept up to 47 days in May from 33 days in April. Sales are significantly higher than 2010, 2009 and 2008.The strongest sales has been in the $400-$2million price range, whilst the $2m plus range is weak:

Contact anju@anju4homes.com or visit http://www.anju4homes.com/

Ruby Hill Real Estate - June 2012

The State of the Ruby Hill Market


The Ruby Hill inventory declined to 21 from the previous month’s 22 active homes. Nine homes were added to Ruby Hill marketplace in June – two are bank owned and priced at a considerably lower price per square foot as compared to the other equity sales. Seven of the 21 homes have been on the market for over 3 months – all but two are priced over $2.5m. Only eight active homes are priced under $2m – the most popular price range. The lowest price per foot home is at $263 psf and the highest at $731psf, averaging at $407 psf for the active inventory.

There were 10 pending homes at June end – one was a short sale. Six homes went under contract in June, a slightly slower pace than the previous month as the summer slowdown set in. Two of these homes had been on the market for under a week. Just three of the pending homes are priced over $2.5m. All pending homes are priced in the $300’s price per sq. foot.

Nine more homes closed escrow in June making a total of 24 sold year to date this year. The distressed component is falling as a percentage of total sales. The lowest psf property sold this year is at $285 (short sale) and the highest is $390psf, averaging at $325 psf for sold homes to date.

Based on published data, there are currently there are 6 properties in Ruby Hill in various stages of foreclosure, not necessarily on the market.

June End                       Total            Bank owned share                      Short Sale Share

Active                             21                    2                                                0

Pending                          11                    0                                                 1

Sold to date 2012          24                    1                                                  3


For more information visit http://www.rubyhillliving.com/ or contact anju@RubyHillLiving.com

Foreclosures in Pleasanton - May 2012 activity

NODs (notice of default) have been declining since March after being on an upward trend for the previous two months. They were down by over 20% as compared to the same time last year. NOS’s (notice of sale) were down from April and the previous year. There were 2 NOS’s and 2 NOD’s in the million plus price range in April.

The number of properties in the preforeclosure (properties that have had a notice of default filed against them) fell by over 60% from the previous month and by over 26% from the same time last year. Properties scheduled for sale and bank owned inventories were down by both comparisons also. There were a total of 66 bank owned properties in Pleasanton.

Wrap-up

Whilst overall sales activity remains strong and open houses are well attended, the pace of sales is beginning to slow down with the approach of summer. The stock market has demonstrated volatility with strong concerns over Europe and consumer confidence has also ebbed from the previous months. National employment gains have been slower than anticipated.

Properties priced all the way up to two million sold quickly in the Pleasanton area. Investors have continued to grab homes in the lower price ranges as rental demand remains strong. Low interest rates and declining foreclosures and overall inventories continue to help home prices. However, the overall economy is giving mixed signals for the present. Let us see how it all plays out.

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

Pleasanton Homes Sale Activity - May 2012

April home sales were higher than this time last year, even as inventory continued to slide to just over one month. Home prices were up, as home sold close to asking – over 98% of list price. Many homes in the median price range are selling with multiple offers and often over asking, due to high buyer demand. There were only 87 active homes in all of Pleasanton at April end.

Although 2012 sales to date have been lower than the previous year, this has been due to lower inventory as opposed to lack of buyer demand. The average days on market has fallen to 33 days in April. At current selling rates there is just over one month supply of inventory. Sales have been much higher than 2010, 2009 and 2008.The strongest sales has been in the $400-$2million price range.

For more details or if you thinking of buying or selling your home in Pleasanton, please contact Anju at anju@anju4homes.com or http://www.anju4homes.com/

Ruby Hill Homes - Sales activity for May 2012

The Ruby Hill inventory increased to 22 from the previous month’s 15 active homes. Eleven homes were added to Ruby Hill marketplace in May – two are bank owned and priced at a considerably lower price per square foot as compared to the other equity sales. Nine of the 22 homes have been on the market for over 2 months. Eight homes were under contract after being on the market for less than a month, and all were priced under $2m. The lowest price per foot home is at $280 psf and the highest at $846 psf! The average psf for active homes is currently at $405 psf.


There were 14 pending homes at May end– two of these were short sales. The number of homes which went pending in May was lower than April and more inventory was added, leading to a higher number of active homes. However, this inventory is considered low by Ruby Hill’s past history.

Four more homes closed escrow in May making a total of 15 sold year to date. The distressed component is over 25%. Whilst low inventories places upward pricing pressure, the presence of distressed sales does the opposite. Currently there are 5 properties in Ruby Hill in various stages of foreclosure, not necessarily on the market.

May End                 Total                     Bank owned share               Short Sale Share

Active                      22                               2                                            0

Pending                   14                               0                                            2

Sold to date 2012   15                               1                                            3

For more information or if you are thinking of buying or selling a home in Ruby Hill please contact Anju through http://www.rubyhillliving.com/ or
Anju@RubyHillLiving.com

Foreclosures in Pleasanton

Foreclosures in Pleasanton:


NODs (notice of default) declined in March after being on an upward trend for the previous two months.They were down by over 53% as compared to the same time last year. NOS’s (notice of sale) were down from February and the previous year by significant numbers. There were 3 NOS’s and 5 NOD’s in the million plus price range as in the previous month.

The number of properties in the preforeclosure (properties that have had a notice of default filed against them) declined from the previous month,but were considerably higher than the same time last year. Properties scheduled for sale and bank owned inventories were down by both comparisons. by 26.68% over last year, whereas those scheduled for sale fell from the previous month and year. There were a total of 74 bank owned properties in Pleasanton.
Wrap-up

The bay area continued to add jobs in March, and real estate inventories remained low. Properties priced under one million sold quickly throughout the bay area including, Pleasanton. Investors have been gobbling up properties in Dublin and Livermore in the under $400k price range. Pleasanton obviously does not have much to offer in these lower price ranges. The stock market has continued to do well and the buyer confidence seems to be returning as interest rates remain low. Foreclosure inventories have been declining and fewer bank owned homes have shown up on the Pleasanton market. The local real estate market seems to be looking to brighter days ahead.

If you are thinking of buying or selling a home in Pleasanton, please contact Anju@anju4homes.com or visit http://www.anju4homes.com/ for more information

Pleasanton Home Sales

Pleasanton overview


With inventory sliding to less than 2 months as compared to 3 months at this time last year, March 2012 home sale numbers were lower than the previous year at the same time. The median home price was also lower. However, homes in this price range are selling quickly with the average days on market falling to just 41 days. Most homes in the median price range are selling with multiple offers and often over asking, due to high buyer demand. There were only 87 active homes in all of Pleasanton at March end.

Although 2012 sales to date have been lower than previous years, this has been due to lower inventory as opposed to lack of buyer demand. The strongest sales have been in the $400-$900k price range.

If you are thinking of buying or selling your home in Pleasanton, please contact Anju@anju4homes.com or visit http://www.anju4homes.com/

Ruby Hill Homes Sales

Twelve homes were added to Ruby Hill marketplace in April, and eight of them were under contract within weeks, leaving an active inventory of only 15. Eight of the newly added homes were priced over $2m. Of the 15 active homes only 6 are priced under $2m, where demand is stronger. Eleven of the active homes are priced at over $350 psf – clearly there is an upward pressure on pricing. Once again none are short sales or bank owned which helps in keeping the pricing stronger. Only 5 have been on the market for more than 2 months cumulatively. Homes are moving.


Eleven homes went pending in April and eight of them were priced under $1.8 million. A few of the homes that went under contract this past month had been on the market earlier and failed to sell, faring better given the low inventory at present.

April end                        Total                     Bank owned share                Short Sale Share

Active                               15                                0                                          0

Pending                            14                                 0                                          1

Sold to date 2012             11                                1                                           3

If you are thinking of selling your home in Ruby Hill please contact Anju at anju@RubyHillLiving.com or visit http://www.rubyhillliving.com/ for more information about buying or selling your home.

Foreclosure homes in Pleasanton

Foreclosures in Pleasanton:


After declining steadily since August 2011, NODs (notice of default) continued an upward trend since January, although they were down by over 11% as compared to the same time last year. NOS’s (notice of sale) were down from January. There were 3 NOS’s and 5 NOD’s in the million plus price range. There are 3 homes in Ruby Hill scheduled for auction.

The number of properties in the preforeclosure (properties that have had a notice of default filed against them) increased by 26.68% over last year, whereas those scheduled for sale fell from the previous month and year. Bank owned properties increased to a total of 76 homes in Pleasanton.

Wrap-up

Low inventories and some very positive news on the employment front – unemployment applications hit a four-year low with figures not seen since the start of the 2007-2009 recession, strong stock market performance continued to buoy home buyer confidence, despite a marginal rise in interest rates. Open houses are being well attended. Many properties priced under $1m are selling very quickly, some with multiple offers. The foreclosure inventory remains a mixed bag with no definite trends emerging. Overall the outlook is a positive one.

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

Pleasanton real estate

Pleasanton overview


February 2012 home sales were lower than previous years at the same time in previous years, and prices were also a little lower. The median home sale price was $650,000.


Home sales showed stronger activity in the $400-499k and $700-899k ranges than last year with continued weakness in over $1.5 price ranges:


With 109 homes on the market, there is just over two months supply of inventory in Pleasanton. The average days on market fell from the previous month to about 60 days.

For more information please contact Anju at http://www.anju4homes.com/

Ruby Hill Homes

The State of the Ruby Hill Market


Eight homes were added to Ruby Hill marketplace March making a total of 17 continuing the trend of low inventory. Fortunately none are short sales or bank owned which bodes well for future pricing if this trend continues. Eight of these homes are priced over $2m and six have been on the market for a total of 2 months or more.

Five homes went under contract in March - all of them were on the market for less than one month. All but one of these homes were priced under $2 million. Two of the nine pending homes are short sales. Well priced homes that show well are the ones that are selling quickly.

February end            Total                       Bank owned share                     Short Sale Share

Active                        17                                   0                                                0

Pending                      9                                     0                                                2

Sold to date 2012      6                                     1                                                2

For additional information please contact anju at http://www.rubyhillliving.com/

Foreclosures in Pleasanton

Foreclosures in Pleasanton:

After declining steadily since August 2011, NODs (notice of default) saw an upward trend in January, although they were down by over 36% as compared to the same time last year. NOS’s (notice of sale) were higher in both instances. The highest NOS’s were in the million plus price range (12).  

Whilst the total number of properties in the preforeclosure (properties that have had a notice of default filed against them) category fell significantly, bank owned properties and those scheduled for sale fell from the previous month.

General

Declining inventories and a brighter outlook on the employment front, continued low interest rates, increasing demand for rental properties, and the best performing February stock market in over a decade, suggests greater stabilization of the east bay real estate sector. Low inventory in the under- million home market has led to a quick turnover of homes – offering optimism for the spring/summer months.

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

Pleasanton real estate update - February 2012

January 2012 home sales were lower than previous years at the same time in previous years, and prices were also a little lower. The median home sale price was $627,000.

Home sales were higher or the same in all price points except the $600-699k and over $1.5 price ranges. 

Inventory is hovering around a two-month supply with just 90 homes on the market in Pleasanton.The average days on market fell from the previous month to 71 days.

Please contact Anju at www.anju4homes.com or www.RubyHillLiving.com

Ruby Hill Homes Update - February end

Six additional homes were listed in February to make a grand total of 13! Low inventories continue and none of the active listings are short sales or bank owned, which is good news.

Four homes went pending in February - all of them were on the market for less than one month. Homes that are showing well are selling quickly. All but one of these homes were priced under $2 million. Four of the ten homes which are pending are short sales, keeping the pressure on pricing.

February  end	Total	Bank owned share	Short Sale Share
Active	13	0	0
Pending	10	0	4
Sold to date 2012	3	1	0

Please contact Anju at www.anju4homes.com or www.RubyHillLiving.com

Pleasanton home sales

Pleasanton overview


November 2011 home sales were marginally higher in Pleasanton than in 2010, however prices were just a little softer.

Overall 2011 continued to show impressive activity in many price ranges – especially homes priced between $400-700k. The $2m plus home sales were hardest hit with only 8 recorded home sales as compared to 40 in 2007!

The inventory has fallen below a steady 2 month supply with the average days on market hovering around 71 days.

If you are planning to sell your home, email me at anju@anju4homes.com

Ruby Hill Real Estate - January 2012

The State of the Ruby Hill Market


Reflecting the situation of the Bay Area real estate market generally, the inventory in Ruby Hill remains tight at this point with only 12 homes on the market. Fresh inventory is scant, with the bulk of these homes having been on the market for over 100 days cumulatively, and priced over $2 million. Over half of the pending home sales are currently troubled properties, which keeps the pressure on pricing. All these pending properties went under contract within 60 days of being on the market. Only 2 of the 7 pending properties are priced over $2 million, although one of these has been pending since 2009! The only home that closed in January is a short sale property on Parma Ct.

December end          Total            Bank owned share                   Short Sale Share

Active                       12                       0                                         2

Pending                     7                        1                                          3

Sold to date 2012     1                        0                                           1

Considering selling your home? Email me at anju@RubyHillLiving.com or visit http://www.rubyhillliving.com/

Foreclosures in Pleasanton

Foreclosures in Pleasanton:

NODs (notice of default) continued their decline since September 2011 with only 26 being issued in November. This number was 17.86% lower than the previous year at this time and over 34% lower than the previous month. NOS’s (notice of sale) were higher in both instances. The highest foreclosure filings were for loan amounts in the $600k plus range.

All foreclosure inventories have declined as compared to the previous year.

Wrap-up

Declining inventories and notices of default, improving employment, historically low interest rates, increasing demand for rental properties, and healthy sales data for 2011 all bode well for the Pleasanton real estate market as we enter 2012. Let us see how it all plays out as the months unfold.

For additional information please visit www.anju4homes.com

Pleasanton Home Sales Activity

November 2011 home sales were marginally higher in Pleasanton than in 2010, however prices were just a little softer.

Overall 2011 continued to show impressive activity in many price ranges – especially homes priced between $400-700k. The $2m plus home sales were hardest hit with only 8 recorded home sales as compared to 40 in 2007! 

The inventory has fallen below a steady 2 month supply with the average days on market hovering around 71 days.

For more information on homes for sale in Pleasanton please visit www.anju4homes.com

Ruby Hill Home Sales Activity -2011

The State of the Ruby Hill Market

50 homes were sold in Ruby Hill in 2011 – a very healthy level of activity given higher end home sales have declined considerably this year nationwide. The average list price was $361 psf and the average sold was approximately $345 psf. The average days on market stood at just 46 days. This past year, just 20% of the homes that changed hands were short sales or bank owned suggesting that Ruby Hill is in pretty good shape compared to most luxury neighborhoods. In 2010, 59 homes were sold and of these, 12 were either bank owned or short sales. The average sold price was much lower at $310 psf with at least 10 homes being priced at under $300 psf. It is heartening to see that Ruby Hill prices found a more stable footing in 2011 as inventories remained fairly low through the year compared to previous years. As is customary at this time of the year, the inventory was at its lowest point in December with only 11 active homes. Only 4 are priced under $2.5m and the price per square foot is ranging from $304 psf to $544 psf. The larger homes continue to stay on the market for long periods as jumbo loans remain restrictive. Of the 6 pending homes, 4 are short sales.

December end	Total	Bank owned share	Short Sale Share
Active	11	1	1
Pending	6	0	4
Sold to date 2011	50	2	8

for more information on Ruby Hill homes for sale please visit www.RubyHillLiving.com

Foreclosures in Pleasanton, CA

Foreclosures in Pleasanton:

NODs (notice of default) reversed the upward trend and went down to 35 in September as compared to 52 in August. This number was 2.9% higher than the previous year at this time. NOS’s (notice of sale) were down in both instances with more short sales being approved as opposed to banks foreclosing on properties. The number of NOD’s issued to properties priced over $1 million were the highest in September.

Although NODs have increased this year leading to a spike in the pre-foreclosure inventory, properties scheduled for sale and bank owned inventory have fallen significantly.

Real Estate Wrap-up

On the positive side, there has been a spike in rents is leading to a boom in apartment construction nationwide. Alameda County saw a 1.8% increase in rents over the previous quarter and 8.7% over the previous year. Foreign buyers are seeing the opportunities in the real estate market and have bought $82 billion worth of homes in the first quarter of this year (this figure takes longer to calculate) or 8% of total US home sales, up 24% from a year ago. Mortgage interest rates remain affordably low.  The stock market continues to experience great volatility with questions over the international economy remaining. Declining inventories, low mortgage rates, higher rents all bode well for the housing market, but we also need to see some improvement in the unemployment rate and notice of defaults being issued to keep down the foreclosure inventory.

for more information on foreclosure homes for sale in Pleasanton please visit www.anju4homes.com

Pleasanton Home Sales

Pleasanton overview

As in previous months, the trend in total homes sales has continued upward in many price ranges. Home sales in the $400k-799k have increased, outpacing sales in the last 2 years. The $2 million plus range continues to be soft, a segment which has been most severely affected by the jumbo loans and poor economy.

September sales were higher in Pleasanton by 4.4% as compared to last year; and both, the average and median prices were higher than this time last year.

The inventory has remained at a steady 3 month supply for most of the year in Pleasanton. The average days on market increased from the previous month to 74 days.

For more information visit www.anju4homes.com

Ruby Hill Sales activity

Ruby Hill has continued to fare reasonably well this year. At present only two of the 19 active homes are short sales. There is a big spread in the price per square foot – from $315 psf to $544 psf. Of the 9 homes which are currently pending, 4 are short sales. Two homes went under contract in October – a slower month, however not so unusual given that the inventory is so low. Only nine of the 19 active homes are priced under $2 million. About half the active inventory has been on the market for over three months. Of the 42 homes which have closed escrow this year, 7 have been short sales or bank owned, keeping the pressure on pricing.

October end	Total	Bank owned share	Short Sale Share
Active	19	0	2
Pending	9	0	4
Sold to date 2011	42	2	5

For more information visit visit www.anju4homes.com or email anju@rubyhillLiving.com