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