The State of the Ruby Hill Market
Eight homes were added to Ruby Hill marketplace March making a total of 17 continuing the trend of low inventory. Fortunately none are short sales or bank owned which bodes well for future pricing if this trend continues. Eight of these homes are priced over $2m and six have been on the market for a total of 2 months or more.
Five homes went under contract in March - all of them were on the market for less than one month. All but one of these homes were priced under $2 million. Two of the nine pending homes are short sales. Well priced homes that show well are the ones that are selling quickly.
February end Total Bank owned share Short Sale Share
Active 17 0 0
Pending 9 0 2
Sold to date 2012 6 1 2
For additional information please contact anju at http://www.rubyhillliving.com/
Eight homes were added to Ruby Hill marketplace March making a total of 17 continuing the trend of low inventory. Fortunately none are short sales or bank owned which bodes well for future pricing if this trend continues. Eight of these homes are priced over $2m and six have been on the market for a total of 2 months or more.
Five homes went under contract in March - all of them were on the market for less than one month. All but one of these homes were priced under $2 million. Two of the nine pending homes are short sales. Well priced homes that show well are the ones that are selling quickly.
February end Total Bank owned share Short Sale Share
Active 17 0 0
Pending 9 0 2
Sold to date 2012 6 1 2
For additional information please contact anju at http://www.rubyhillliving.com/
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