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/
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/
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