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.