Ruby Hill Homes Sales

Twelve homes were added to Ruby Hill marketplace in April, and eight of them were under contract within weeks, leaving an active inventory of only 15. Eight of the newly added homes were priced over $2m. Of the 15 active homes only 6 are priced under $2m, where demand is stronger. Eleven of the active homes are priced at over $350 psf – clearly there is an upward pressure on pricing. Once again none are short sales or bank owned which helps in keeping the pricing stronger. Only 5 have been on the market for more than 2 months cumulatively. Homes are moving.


Eleven homes went pending in April and eight of them were priced under $1.8 million. A few of the homes that went under contract this past month had been on the market earlier and failed to sell, faring better given the low inventory at present.

April end                        Total                     Bank owned share                Short Sale Share

Active                               15                                0                                          0

Pending                            14                                 0                                          1

Sold to date 2012             11                                1                                           3

If you are thinking of selling your home in Ruby Hill please contact Anju at anju@RubyHillLiving.com or visit http://www.rubyhillliving.com/ for more information about buying or selling your home.