Foreclosure homes in Pleasanton

Foreclosures in Pleasanton:
The number of NODs (Notice of Default)issued declined in November – just 5 NODs were filed as compared to 10 this time last year – down by close to 50%.  NOSs (Notices of Sale) were down to 4 as compared to 21 the previous year – down over 80%. There were 2 new NOS filings in the million plus price range, however there were no new NOD's in this price range.

Pre-foreclosure inventories increased to 32, lower than the previous year by over 30% at 46 defaults. Bank owned inventories and those scheduled for sale declined compared to the previous year.


Wrap-up
2013 has seen a strong real estate market  in Pleasanton with prices rising 20-30% in the under million sector and over 10% in the million plus homes. Interest rates remained low throughout the year and jumbo loans were more easily available than the previous couple of years.Neighboring towns such as San Ramon/Livermore/Dublin are also experiencing  strong sales.The stock market continues to break records and the employment numbers are also continuing to improve.  The Fed stated it would continue to keep rates low in the foreseeable future which should allow the housing market to continue to strengthen in 2014.

Anju@RubyHillLiving.com or visit www.RubyHillLiving.com

Pleasanton Homes for sale

Pleasanton overview
Fifty homes were sold in November 2013, up by 11% compared to the same time last year.The average list price was up by almost 30%! The average sale price was up by over 32%. The average days on market fell to 38 days as compared to 62 days in November last year. Clearly, demand is strong.


Total sales are down as compared to last year as inventory has not kept up with demand. Million plus priced homes have sold in much greater numbers than the past five years, and the $2 million plus home sales have more than tripled compared to 2012. Sales of homes priced above $700k have all fared exceedingly well.


There were just 47 homes for sale in November, approximately one month's supply based on current absorption rates.

If you are interested in buying or selling a home in Pleasanton, please contact Anju at anju4homes@yahoo.com or www.anju4homes.com

Ruby Hill homes sell well in 2013

Happy 2014.
If last year's pricing trend continues, this should be a good year for Ruby Hill home sellers. There were 4 active homes on the market at year end, all priced over $2million. Fresh inventory should begin to appear as the new year progresses.
There were 5 pending homes at year's end - a reflection of limited inventory at this time and slower buyer demand during this holiday month. Two homes went pending in December.
A total of 69 homes changed hands in 2013 - a very healthy market for Ruby Hill. Prices have been increasing through the year- starting around the mid $300s psf to the $400s psf. The average price per square foot of the sold homes was $384 for the year. The average DOM for the sold homes was just 29 days. Compare this to 62 homes  sold in 2012 at $340 psf - over 10% increase in the psf price in 2013 .

December End          Total              Bank owned share          Short Sale Share  
Active                     3                          0                                           0  
Pending                     5                          0                                           0  
Sold to date 2013    69                          1                                           5

If you are interested in learning more about buying/selling a home in Ruby Hill please contact Anju@RubyHillLiving.com