The highest priced Ruby Hill home sold in 2010 went for $5.5 million! This gorgeous home on Germano with over 12,000 square feet of living space, built on a lot with over 54,000 square feet closed in late December - showing once again, Ruby Hill is a place that can command record prices even in this slow economy. In fact 24 of the 66 homes which were sold or went pending this year were priced over $2million. Not too shabby by any means.
December 31, 2010 Total Bank owned share Short Sale Share
Active 11 1 0
Pending 7 0 3
Sold to date 2010* 59 4 9
*COE 01/01/10 or later
Inventories remained lower than previous years as some sellers chose to rent their homes rather than sell. Over 10 homes were rented in 2010 – currently there are about 3 homes available for rental. 1773 Via di Salerno remains the only bank owned property among the 11 active properties in Ruby Hill. The average price of the 59 sold homes was approximately $1.7m. at $334 per square foot and 60 days on market on average. Last year a total of 43 homes sold/went pending – a big improvement in total sales even though prices fell.
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