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/