The State of the Ruby Hill Market
By the end of
March there were 16 homes on the market – just one priced under $2 million. None
of these were distressed properties. Nine of these homes were priced over $2.5
million. Seven of the active homes had been on the market for more than one
month.
There were 12
pending homes at this time. Seven homes went pending in March - most of them
had accepted offers within two weeks of coming on the market, some with
multiple offers. Just one home was a short sale – a home which has had an
accepted offer since last year. Demand remains very strong at present for homes
priced under $2 million. Banks are considering easing the loan requirements for
jumbo loans, which will continue to help the higher priced homes.
15 homes closed
by March end, one was bank owned (3450 Mercato). Five of the homes were sold
for the asking price or over. The list of 15 homes sold to date shows how
quickly these homes have sold been selling.
|
March End
|
Total
|
Bank owned share
|
Short Sale Share
|
|
Active
|
16
|
0
|
0
|
|
Pending
|
12
|
0
|
1
|
|
Sold to date 2013
|
15
|
1
|
0
|
Please email me at anju@RubyHillLiving.com if you are interested in buying or selling in Ruby Hill
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