Pleasanton Home Sales for Period ending February 2011

Pleasanton overview


Year to date sales for Pleasanton home sales continue to compare well to last year in all price points. The average list price is up by 15.42% compared to last year to $960,390, and the average sale price is up by 13.52%. January end showed a 3 month supply of homes as current rates of absorption, which is continues to be encouraging.
Contact Anju Bhatia through http://www.anju4homes.com/ for your if you looking for a home to purchase in Pleasanton, Dublin, San Ramon or Livermore

Ruby Hill Home Sales for period end February 2011

Inventories remain low and activity remains encouraging. A couple more short sales have made their way to the active inventory:


February 28, 2011           Total                   Bank owned share                      Short Sale Share

Active                                15                            0                                                2

Pending                              7                              1                                               1

Sold to date 2011*            8                              0                                               2

*COE 01/01/10 or later



3 more homes went pending this past month – very soon after coming on the market, ranging from 12 to 42 days. It is interesting to note that more than half the active inventory comprises of homes that have been on the market for rather a long time or have come back on the market after being taken off for a period. Fresh inventory which is well priced was picked up quickly!

visit http://www.rubyhillliving.com/ for information on Ruby Hill homes for sale or if you need a realtor for your next Pleasanton, San Ramon, Dublin, Livermore home purchase

Home Construction up in January

Housing starts saw the biggest jump in 20 months nationwide, largely due to apartment construction. Construction of single family homes declined due to continued weak and unpredictable demand.
Visit http://www.anju4homes.com/ to begin your home search in the east bay.

January home sales up, prices down

As compared to January 2010, home sales were up by 3.5% in Alameda county and by 1.3% in Contra Costa County, but prices went down by 9.6% and 6.7% respectively. Foreclosure sales as a percentage of total sales were 32.7% (36 % last year) in Alameda County and 44.9% (49.7% last year) in Contra Costa County.
Pending home sales were up by 34% in January this year as compared to last year in both counties, which is a very encouraging sign for the housing market.

Bay Area Foreclosure Notices Up in January

There was a 40% spike in the foreclosure notices sent out in January over last year in the Bay Area. In Alameda County the increase was 30.1% over last year. According to RealtyTrac a total of 2,615 homes received a notice of default in January. Nationwide there was a decline of 27% from a year ago - the 12th consecutive year on year decline. Delinquency rates in California seem to be bucking the trend.
In Contra Costa the NOD's for January were up by 51.3% over last year!
Visit http://www.anju4homes.com/ for a list of foreclosure/short sale homes.

Pleasanton home Sales overview

Pleasanton home sales in the $1m - $1.5m were close to the peak years of 2006/7 – very encouraging indeed. All other price ranges fared quite well also, although the total number homes priced under $700k sold in 2010 were lower than the previous year. Homes priced over $700k all sold in greater numbers. Inventory levels in December 2010 remained at a 3 month supply – healthy level.
Go to http://www.anju4homes.com/ to start your home search in Pleasanton

Ruby Hill Home Sales in January 2011

Low inventories and a shaking out of the bank owned and short sales should bode well for Ruby Hill home sales and prices this year:

January 31, 2011                 Total           Bank owned share                       Short Sale Share

Active                                     11                  0                                                     0

Pending                                    7                   1                                                     0

Sold to date 2011*                  5                   0                                                     2

*COE 01/01/10 or later



Both of the short sale homes which closed escrow recently came on the market last year. 1026 Pineto sold for $2.95 million – it has 9,900 square feet of living space and a 35,000 square foot lot . The other short sale home on 3365 East Ruby Hill Drive sold for $3 million. Built by Doble and Son, it has 9,100 square feet of living space on a 27,000 square foot lot. The only bank owned home which was on the market since last year went pending – located at 1773 Via di Salerno! It looks like the short sales and bank owned homes are now gone from the inventory and will hopefully stay away!