Foreclosures in Pleasanton, Ca

Foreclosures in Pleasanton: 

There were 7 NODs (Notice of Default) filed in March this year as compared to 22 last year –the improvement in home values is definitely contributing to fewer homeowner defaults. NOSs (Notices of Sale) were down to 8 from 12 in the previous month. 

The trend in Pleasanton pre-foreclosure properties (40), bank owned (32) and those scheduled for sale (49) continued downward.

 

Wrap-up

Pleasanton inventories remained slow and prices have increased sharply as compared to the same time last year with the average sold price up by almost 30%. It is encouraging to see very healthy activity in the higher end home sales also. The stock market continues to set new records surpassing the 15,000 mark. Hiring beat expectations for March and if this trend continues, home prices should continue to increase if interest rates remain low. Inventory might begin to pick up once builders ramp up on new home production in response to increased buyer confidence. The numbers of short sales and foreclosures are becoming negligible for now

 

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

 

 

Wrap-up

Pleasanton inventories remained slow and prices have increased sharply as compared to the same time last year with the average sold price up by almost 30%. It is encouraging to see very healthy activity in the higher end home sales also. The stock market continues to set new records surpassing the 15,000 mark. Hiring beat expectations for March and if this trend continues, home prices should continue to increase if interest rates remain low. Inventory might begin to pick up once builders ramp up on new home production in response to increased buyer confidence. The numbers of short sales and foreclosures are becoming negligible for now

 

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

Pleasanton home sales in March

Pleasanton overview

The number of homes sold in March were in line with the same time last year, however the average sale price was up by almost 30% and the days on market fell to just 20 days as compared to over 40 last year. Inventory remained low at just one month’s supply.

Total closed sales are higher than the same time last year. Year to date sales show the greatest strength in the $600-799k. The $1m-2m price ranges are faring much better than the same time last year – 30 closed sales as compared to 18.

Active listings remained low in March. Homes which came on the market  went under contract quickly leading to a spike in the pending sales.

If you are interested in buying/selling  a home in Pleasanton, please email me at anju@anju4homes.com

 

Ruby Hill Home Sales in April 2013

There were 21 homes on the market by May end– eleven of them have been on the market for over one month and all of these are priced over $2 million. None of the active listings are distressed properties. The price per square foot ranges from $347 psf to over $600 psf averaging at the $400 psf mark.

There were 13 pending homes at this time. Eight homes went under contract in April. It is common for homes priced under $2 million to go pending within two weeks of hitting the market. Homes priced under $1.5m sell even faster with multiple offers. The lone short sale has been pending since last year. The average price per square foot of the pending homes is $372 psf. Five of the pending homes are priced over $2m.

21 homes closed by April end, one was bank owned (3450 Mercato). Seven homes sold at or above asking price . The average price per square foot is around $390 psf for the selling price.

April  End	Total	Bank owned share	Short Sale Share
Active	20	0	0
Pending	13	0	1
Sold to date 2013	21	1	0

If you are intersesting in buying or selling a home in Ruby Hill, Pleasanton, Ca please email me at Anju@RubyHillLiving.com

Foreclosure homes in Pleasanton for period ending February 2013

There were 6 NODs (Notice of Default)filed in February this year as compared to 26 last year – a dramatic decline as homeowners find themselves in a healthier equity position with increasing home values. NOSs (Notices of Sale) were up by one to 12.

Although foreclosure inventories had been falling, last month saw a sudden spike in pre-foreclosure (properties that have a NOD filed against them) inventory in Pleasanton. It appears there might be some mistake in the Foreclosure Radar data shown below as according to the previous chart there was an increase of 6 NOD’s filed in February. There were a total of 32 bank owned properties in Pleasanton at February end and just 58 bank owned homes that will be put up for sale at some stage.
If you are interesting in buying or selling a home in Pleasanton please email me at anju@anju4homes.com

Ruby Hill Home Sales for period ending March 2013

The State of the Ruby Hill Market

By the end of March there were 16 homes on the market – just one priced under $2 million. None of these were distressed properties. Nine of these homes were priced over $2.5 million. Seven of the active homes had been on the market for more than one month.

There were 12 pending homes at this time. Seven homes went pending in March - most of them had accepted offers within two weeks of coming on the market, some with multiple offers. Just one home was a short sale – a home which has had an accepted offer since last year. Demand remains very strong at present for homes priced under $2 million. Banks are considering easing the loan requirements for jumbo loans, which will continue to help the higher priced homes.

15 homes closed by March end, one was bank owned (3450 Mercato). Five of the homes were sold for the asking price or over. The list of 15 homes sold to date shows how quickly these homes have sold been selling.

March End	Total	Bank owned share	Short Sale Share
Active	16	0	0
Pending	12	0	1
Sold to date 2013	15	1	0

Please email me at anju@RubyHillLiving.com if you are interested in buying or selling in Ruby Hill

Foreclosures in Pleasanton 2013

Foreclosures in Pleasanton:

Foreclosure filings have declined dramatically in Pleasanton compared to the same time last year. NODs (Notice of Default) were down to Zero! NOSs (Notices of Sale) were down to seven.

Foreclosure inventories are also falling. There were a total of 33 bank owned properties in Pleasanton at January end and just 68 bank owned homes that will be put up for sale at some stage:

 

Wrap-up

The market has certainly taken a very positive turn with home prices increasing, homes selling quickly at multiple - in the very high end price ranges also. In fact high-end sales hit an all-time record in California. Dataquick reported that 697 homes priced above $5 million were sold in 2012.  A total of 73 homes sold for $1million or higher in the East Bay in January, up sharply from the 40 sold same time last year – the highest priced home was sold in Pleasanton at $2.8 million! This trend continued in February with two homes sold over $2.9 million in Ruby Hill itself. It looks like the luxury home market is definitely back.

I have been up against multiple offers in the million plus price range for my buyers. The economy seems to be doing well with consumer confidence getting stronger, the stock market has seen some all-time highs recently and the employment picture is improving. Once companies start hiring at a faster pace, the real estate market is sure to break a few more records in the time ahead.

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

This information has been compiled through the MLS data and Foreclosure Radar data.

Ruby Hill Real Estate February 2013

The number of active homes in Ruby Hill at February end remained low, at just 12 – none of these were distressed properties. Eight of these homes are priced over $2 million. Six of the active homes have been on the market for more than 3 months.

There were 13 pending homes with one bank owned and one short sale. Seven of these homes went pending in February - four of them in 4 days or less. The price per square foot has been rising steadily with at least six of the pending homes being priced over $400 per square foot. Demand is very strong at present with a combination of low interest rates and low inventory.

Seven homes closed and February end, none of them distressed. Five of the homes sold for $2 million or less. However, the over $2 million homes are definitely selling faster and close to asking.

February End	Total	Bank owned share	Short Sale Share
Active	12	0	0
Pending	13	1	1
Sold to date 2013	7	0	0

If you are interested in buying or selling a home in Ruby Hill, Pleasanton, please contact Anju@RubyHillLiving.com

Foreclosures in Pleasanton in 2012

 Just 10 NODs (notice of default) were filed in November, as compared to 23 the same time last year. NOS’s (notice of sale) went down to 21 this year as compared to 39 the same time last year. There was 1 NOS and 1 NOD filed in the million plus price range in November in Pleasanton. 

Properties scheduled for sale and bank owned inventories were also down as compared to last year. There were a total of 37 bank owned properties in Pleasanton at November end. Banks are collaborating with distressed homeowners to find alternative solutions to foreclosure.

Wrap-up

The real estate market has changed direction in 2012. Inventory declines coupled with increasing buyer confidence led to homes selling quickly, often with multiple offers. Foreclosure activity continued to decline and higher end home sales showed strength as the months passed. Investors played an active part as buyers with the rental market doing well. Low interest rates and an easing in the jumbo loan market contributed significantly to higher sales in all price points. With an improving job market and continuing low interest rates, the real estate market will probably stay on a healthy path in this year to come.

Please contact Anju Bhatia for foreclosure properties: Anju@anju4homes.com or visit www.anju4homes.com

Ruby Hill Home Sales for year ending 2012

The number of active homes in Ruby Hill slipped to just 3 by December end, with no new short sales or bank owned properties. Although it is typical to see an inventory decline during the holiday season, this year’s supply side has been particularly low. There were 6 pending homes – just 2 homes went contract during the month. This was more a reflection of low inventory as opposed to reduced buyer demand.

2012 showed great improvement in higher end home sales. Ruby Hill fared well with a total of 62 homes closing escrow during the year. The highest price home sold for $3.9 million at $433 psf. Twelve of these 62 homes were sold for over $2 million – considerably more than last year. The jumbo loan comeback has contributed to the improved sales at the higher end. The average psf of all homes sold was $341 psf. The distressed home sales share of the market has declined as compared to last year, which bodes well for future pricing.

December End	Total	Bank owned share	Short Sale Share
Active	3	0	0
Pending	12	0	0
Sold to date 2012	62	5	4

If you would like more information, or are thinking of buying or selling a home in Ruby Hill please contact Anju@RubyHillLiving.com

Foreclosures in Pleasanton - November 2012

 Just 10 NODs (notice of default) were filed in November, as compared to 23 the same time last year. NOS’s (notice of sale) went down to 21 this year as compared to 39 the same time last year. There was 1 NOS and 1 NOD filed in the million plus price range in November in Pleasanton.

Properties scheduled for sale and bank owned inventories were also down as compared to last year. There were a total of 37 bank owned properties in Pleasanton at November end. Banks are collaborating with distressed homeowners to find alternative solutions to foreclosure.

Wrap-up

The real estate market has changed direction in 2012. Inventory declines coupled with increasing buyer confidence led to homes selling quickly, often with multiple offers. Foreclosure activity continued to decline and higher end home sales showed strength as the months passed. Investors played an active part as buyers with the rental market doing well. Low interest rates and an easing in the jumbo loan market contributed significantly to higher sales in all price points. With an improving job market and continuing low interest rates, the real estate market will probably stay on a healthy path in this year to come.

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

Pleasanton Home sales in November 2012

Pleasanton November home sales were up by 12.5% as compared to the same time last year and the year before. The market remains price sensitive and the median sale price showed a negligible decline. At current selling levels, the inventory remains at a paltry one month supply.

Inventory has continued to decline since May of this year. More striking is the lack of inventory as compared to the same time last year:

YTD home sales in Pleasanton for the period ending November were 642- approximately 16% higher than the previous year. The bulk of the sales were in the $600-799k range. However the $1-2m range has also done extremely well as compared to previous years.

For more information please visit www;anju4homes.com

Ruby Hill home sales for 2012

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The number of active homes in Ruby Hill slipped to just 3 by December end, with no new short sales or bank owned properties. Although it is typical to see an inventory decline during the holiday season, this year’s supply side has been particularly low. There were 6 pending homes – just 2 homes went contract during the month. This was more a reflection of low inventory as opposed to reduced buyer demand.

2012 showed great improvement in higher end home sales. Ruby Hill fared well with a total of 62 homes closing escrow during the year. The highest price home sold for $3.9 million at $433 psf. Twelve of these 62 homes were sold for over $2 million – considerably more than last year. The jumbo loan comeback has contributed to the improved sales at the higher end. The average psf of all homes sold was $341 psf. The distressed home sales share of the market has declined as compared to last year, which bodes well for future pricing.

December End	Total	Bank owned share	Short Sale Share
Active	3	0	0
Pending	12	0	0
Sold to date 2012	62	5	4