Ruby Hill Home Sales March 2011

The spring market has not brought much of an increase in inventory and selling activity remains promising:

February 28, 2011 Total                    Bank owned share              Short Sale Share

Active                      17                              0                                           0

Pending                    7                               0                                            3

Sold to date 2011* 11                              1                                             2

*COE 01/01/10 or later



3 homes went pending this past month – on Piemonte, Campinia and Via di Salerno. 2 of these homes were pending within 2 weeks of being on the market. Currently, 6 of the 17 homes on the market are priced over $2.5 million and been on the market for several months. Fortunately none of the active properties are short sales or bank owned. 2 homes closed escrow in March – 1907 Zenato Place and 473 Sangro Court. The only bank owned property which was on the market this year sold for $1.8 million on 1773 Via di Salerno.

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