Foreclosures in Pleasanton

Foreclosures in Pleasanton:


NODs (notice of default) were up 37% from the previous month after declining since February.

NOS’s (notice of sale) were up 58% from April but lower by over 20%from the previous year. There were 6 NOS’s and 2 NOD’s in the million plus price range in May.

The number of properties in the pre-foreclosure (properties that have had a notice of default filed against them) fell by over 10% from the previous month and by almost 56% from the same time last year. At 99, properties scheduled for sale and bank owned inventories were down by both comparisons also. There were a total of 59 bank owned properties in Pleasanton in May.


Wrap-up

Buyer remains strong and open houses are well attended. Well priced homes are selling quickly in all price points except the very high end. Investors are still playing a large role in home sales as the rental market continues to show strength. The inventory of active homes remains very low due to a variety of reason. Firstly, bank owned properties are barely trickling to the marketplace due to strategic/political reasons. Secondly, many homeowners who are behind with their mortgage payments are continuing to stay in their homes for extensive periods, without any pressure to sell their home from banks. Lastly, those who have equity in their homes are refusing to sell whilst prices remain depressed, unless they have to. The job market is not showing much strength and the stock market remains volatile with continued uncertainty over the European economy and weak projected consumer demand worldwide. Hard to tell what the future holds, however for now, the real estate market seems to be showing strength.

For more information contact anju@anju4homes.com or visit http://www.anju4homes.com/

Pleasanton Home Sales in June 2012

Pleasanton overview


May home sales were 50% higher than this time last year with the median home price going up marginally and the average days on market falling to 47 days with continuing low inventories. With 102 active homes at May end, there was only one month of supply based on current absorption rates!


Although 2012 sales to date have been lower than the previous year, this can still be attributed to lower inventory as opposed to lack of buyer demand. The average days on market crept up to 47 days in May from 33 days in April. Sales are significantly higher than 2010, 2009 and 2008.The strongest sales has been in the $400-$2million price range, whilst the $2m plus range is weak:

Contact anju@anju4homes.com or visit http://www.anju4homes.com/

Ruby Hill Real Estate - June 2012

The State of the Ruby Hill Market


The Ruby Hill inventory declined to 21 from the previous month’s 22 active homes. Nine homes were added to Ruby Hill marketplace in June – two are bank owned and priced at a considerably lower price per square foot as compared to the other equity sales. Seven of the 21 homes have been on the market for over 3 months – all but two are priced over $2.5m. Only eight active homes are priced under $2m – the most popular price range. The lowest price per foot home is at $263 psf and the highest at $731psf, averaging at $407 psf for the active inventory.

There were 10 pending homes at June end – one was a short sale. Six homes went under contract in June, a slightly slower pace than the previous month as the summer slowdown set in. Two of these homes had been on the market for under a week. Just three of the pending homes are priced over $2.5m. All pending homes are priced in the $300’s price per sq. foot.

Nine more homes closed escrow in June making a total of 24 sold year to date this year. The distressed component is falling as a percentage of total sales. The lowest psf property sold this year is at $285 (short sale) and the highest is $390psf, averaging at $325 psf for sold homes to date.

Based on published data, there are currently there are 6 properties in Ruby Hill in various stages of foreclosure, not necessarily on the market.

June End                       Total            Bank owned share                      Short Sale Share

Active                             21                    2                                                0

Pending                          11                    0                                                 1

Sold to date 2012          24                    1                                                  3


For more information visit http://www.rubyhillliving.com/ or contact anju@RubyHillLiving.com