Foreclosures in Pleasanton:
The number of NODs (Notice of Default)issued declined in November – just 5 NODs were filed as compared to 10 this time last year – down by close to 50%. NOSs (Notices of Sale) were down to 4 as compared to 21 the previous year – down over 80%. There were 2 new NOS filings in the million plus price range, however there were no new NOD's in this price range.
Pre-foreclosure inventories increased to 32, lower than the previous year by over 30% at 46 defaults. Bank owned inventories and those scheduled for sale declined compared to the previous year.
Wrap-up
2013 has seen a strong real estate market in Pleasanton with prices rising 20-30% in the under million sector and over 10% in the million plus homes. Interest rates remained low throughout the year and jumbo loans were more easily available than the previous couple of years.Neighboring towns such as San Ramon/Livermore/Dublin are also experiencing strong sales.The stock market continues to break records and the employment numbers are also continuing to improve. The Fed stated it would continue to keep rates low in the foreseeable future which should allow the housing market to continue to strengthen in 2014.
Anju@RubyHillLiving.com or visit www.RubyHillLiving.com
The number of NODs (Notice of Default)issued declined in November – just 5 NODs were filed as compared to 10 this time last year – down by close to 50%. NOSs (Notices of Sale) were down to 4 as compared to 21 the previous year – down over 80%. There were 2 new NOS filings in the million plus price range, however there were no new NOD's in this price range.
Pre-foreclosure inventories increased to 32, lower than the previous year by over 30% at 46 defaults. Bank owned inventories and those scheduled for sale declined compared to the previous year.
Wrap-up
2013 has seen a strong real estate market in Pleasanton with prices rising 20-30% in the under million sector and over 10% in the million plus homes. Interest rates remained low throughout the year and jumbo loans were more easily available than the previous couple of years.Neighboring towns such as San Ramon/Livermore/Dublin are also experiencing strong sales.The stock market continues to break records and the employment numbers are also continuing to improve. The Fed stated it would continue to keep rates low in the foreseeable future which should allow the housing market to continue to strengthen in 2014.
Anju@RubyHillLiving.com or visit www.RubyHillLiving.com
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