Foreclosures in Pleasanton - May 2012 activity

NODs (notice of default) have been declining since March after being on an upward trend for the previous two months. They were down by over 20% as compared to the same time last year. NOS’s (notice of sale) were down from April and the previous year. There were 2 NOS’s and 2 NOD’s in the million plus price range in April.

The number of properties in the preforeclosure (properties that have had a notice of default filed against them) fell by over 60% from the previous month and by over 26% from the same time last year. Properties scheduled for sale and bank owned inventories were down by both comparisons also. There were a total of 66 bank owned properties in Pleasanton.

Wrap-up

Whilst overall sales activity remains strong and open houses are well attended, the pace of sales is beginning to slow down with the approach of summer. The stock market has demonstrated volatility with strong concerns over Europe and consumer confidence has also ebbed from the previous months. National employment gains have been slower than anticipated.

Properties priced all the way up to two million sold quickly in the Pleasanton area. Investors have continued to grab homes in the lower price ranges as rental demand remains strong. Low interest rates and declining foreclosures and overall inventories continue to help home prices. However, the overall economy is giving mixed signals for the present. Let us see how it all plays out.

Please contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com

Pleasanton Homes Sale Activity - May 2012

April home sales were higher than this time last year, even as inventory continued to slide to just over one month. Home prices were up, as home sold close to asking – over 98% of list price. Many 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 April end.

Although 2012 sales to date have been lower than the previous year, this has been due to lower inventory as opposed to lack of buyer demand. The average days on market has fallen to 33 days in April. At current selling rates there is just over one month supply of inventory. Sales have been much higher than 2010, 2009 and 2008.The strongest sales has been in the $400-$2million price range.

For more details or if you thinking of buying or selling your home in Pleasanton, please contact Anju at anju@anju4homes.com or http://www.anju4homes.com/

Ruby Hill Homes - Sales activity for May 2012

The Ruby Hill inventory increased to 22 from the previous month’s 15 active homes. Eleven homes were added to Ruby Hill marketplace in May – two are bank owned and priced at a considerably lower price per square foot as compared to the other equity sales. Nine of the 22 homes have been on the market for over 2 months. Eight homes were under contract after being on the market for less than a month, and all were priced under $2m. The lowest price per foot home is at $280 psf and the highest at $846 psf! The average psf for active homes is currently at $405 psf.


There were 14 pending homes at May end– two of these were short sales. The number of homes which went pending in May was lower than April and more inventory was added, leading to a higher number of active homes. However, this inventory is considered low by Ruby Hill’s past history.

Four more homes closed escrow in May making a total of 15 sold year to date. The distressed component is over 25%. Whilst low inventories places upward pricing pressure, the presence of distressed sales does the opposite. Currently there are 5 properties in Ruby Hill in various stages of foreclosure, not necessarily on the market.

May End                 Total                     Bank owned share               Short Sale Share

Active                      22                               2                                            0

Pending                   14                               0                                            2

Sold to date 2012   15                               1                                            3

For more information or if you are thinking of buying or selling a home in Ruby Hill please contact Anju through http://www.rubyhillliving.com/ or
Anju@RubyHillLiving.com