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/