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