Foreclosures in Pleasanton 2013

Foreclosures in Pleasanton:

Foreclosure filings have declined dramatically in Pleasanton compared to the same time last year. NODs (Notice of Default) were down to Zero! NOSs (Notices of Sale) were down to seven.

Foreclosure inventories are also falling. There were a total of 33 bank owned properties in Pleasanton at January end and just 68 bank owned homes that will be put up for sale at some stage:

 

Wrap-up

The market has certainly taken a very positive turn with home prices increasing, homes selling quickly at multiple - in the very high end price ranges also. In fact high-end sales hit an all-time record in California. Dataquick reported that 697 homes priced above $5 million were sold in 2012.  A total of 73 homes sold for $1million or higher in the East Bay in January, up sharply from the 40 sold same time last year – the highest priced home was sold in Pleasanton at $2.8 million! This trend continued in February with two homes sold over $2.9 million in Ruby Hill itself. It looks like the luxury home market is definitely back.

I have been up against multiple offers in the million plus price range for my buyers. The economy seems to be doing well with consumer confidence getting stronger, the stock market has seen some all-time highs recently and the employment picture is improving. Once companies start hiring at a faster pace, the real estate market is sure to break a few more records in the time ahead.

Please contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com

This information has been compiled through the MLS data and Foreclosure Radar data.