Foreclosures in Pleasanton:
After declining steadily since August 2011, NODs (notice of default) continued an upward trend since January, although they were down by over 11% as compared to the same time last year. NOS’s (notice of sale) were down from January. There were 3 NOS’s and 5 NOD’s in the million plus price range. There are 3 homes in Ruby Hill scheduled for auction.
The number of properties in the preforeclosure (properties that have had a notice of default filed against them) increased by 26.68% over last year, whereas those scheduled for sale fell from the previous month and year. Bank owned properties increased to a total of 76 homes in Pleasanton.
Wrap-up
Low inventories and some very positive news on the employment front – unemployment applications hit a four-year low with figures not seen since the start of the 2007-2009 recession, strong stock market performance continued to buoy home buyer confidence, despite a marginal rise in interest rates. Open houses are being well attended. Many properties priced under $1m are selling very quickly, some with multiple offers. The foreclosure inventory remains a mixed bag with no definite trends emerging. Overall the outlook is a positive one.
Please contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com
After declining steadily since August 2011, NODs (notice of default) continued an upward trend since January, although they were down by over 11% as compared to the same time last year. NOS’s (notice of sale) were down from January. There were 3 NOS’s and 5 NOD’s in the million plus price range. There are 3 homes in Ruby Hill scheduled for auction.
The number of properties in the preforeclosure (properties that have had a notice of default filed against them) increased by 26.68% over last year, whereas those scheduled for sale fell from the previous month and year. Bank owned properties increased to a total of 76 homes in Pleasanton.
Wrap-up
Low inventories and some very positive news on the employment front – unemployment applications hit a four-year low with figures not seen since the start of the 2007-2009 recession, strong stock market performance continued to buoy home buyer confidence, despite a marginal rise in interest rates. Open houses are being well attended. Many properties priced under $1m are selling very quickly, some with multiple offers. The foreclosure inventory remains a mixed bag with no definite trends emerging. Overall the outlook is a positive one.
Please contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com
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