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