Spring came late this year and the Ruby Hill real estate inventory also seems to be lagging! Inventories normally begin to pick up considerably by now. Based on our short history of existence, the inventory appears to be at record lows for this time of the year.
April 2011 Total Bank owned share Short Sale Share
Active 26 0 1
Pending 8 1 3
Sold to date 2011 13 2 1
3 more homes went pending in the month of April. Approximately half the active homes have been on the market for over 2 months or made their way back to the market after being off for a short while. For the well priced homes that show well, the demand seems to be extremely strong. Consider the bank owned home on Torlano which received multiple offers within a few days of being on the market. In fact the same seems to be true in all Pleasanton and surrounding cities. Multiple offers are commonplace again as sellers/short sales/bank owned adopt a more aggressive pricing approach and buyers are beginning to sense that this market is beginning to show signs of strength and they better grab the good deals.
Please contact Anju at http://www.rubyhillliving.com/ for more information
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