Foreclosures in Pleasanton:
There were 7 NODs (Notice of Default) filed in March this year as compared to 22 last year –the
improvement in home values is definitely contributing to fewer homeowner defaults. NOSs (Notices of Sale) were down to 8 from 12 in the
previous month.
The trend in Pleasanton pre-foreclosure
properties (40), bank owned (32) and those scheduled for sale (49) continued
downward.
Wrap-up
Pleasanton
inventories remained slow and prices have increased sharply as compared to the
same time last year with the average sold price up by almost 30%. It is
encouraging to see very healthy activity in the higher end home sales also. The
stock market continues to set new records surpassing the 15,000 mark. Hiring
beat expectations for March and if this trend continues, home prices should
continue to increase if interest rates remain low. Inventory might begin to
pick up once builders ramp up on new home production in response to increased
buyer confidence. The numbers of short sales and foreclosures are becoming
negligible for now
Please
contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com.
Wrap-up
Pleasanton
inventories remained slow and prices have increased sharply as compared to the
same time last year with the average sold price up by almost 30%. It is
encouraging to see very healthy activity in the higher end home sales also. The
stock market continues to set new records surpassing the 15,000 mark. Hiring
beat expectations for March and if this trend continues, home prices should
continue to increase if interest rates remain low. Inventory might begin to
pick up once builders ramp up on new home production in response to increased
buyer confidence. The numbers of short sales and foreclosures are becoming
negligible for now
Please
contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com.
No comments:
Post a Comment