Interestingly, the large homes have done quite well with 11 of the homes which sold/or are pending this year being 8,000 s.f. or more. The largest of these is over $12,000 s.f. on over an acre of land! As fewer homeowners choose to sell their home in this market, the inventory is low whilst sales are continuing at a steady pace with 63 homes having sold or gone pending since the beginning of this year.
October 30, 2010 Total Bank owned share Short Sale Share
Active 18 1 0
Pending 11 0 4
Sold to date 2010* 52 3 8
*COE 01/01/10 or later
1773 Via di Salerno remains the only bank owned property among the 18 active properties in Ruby Hill. A total of 15 homes sold/pending since the start of this year are either bank owned/potential short sales out of a total of 63. The average price per square foot of sold properties this year is $335 and the days on market are approximately 50.
Last year a total of 43 homes sold/went pending. Clearly this year there has seen a significant increase in Ruby Hill sales activity.
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