Happy 2014.
If last year's pricing trend continues, this should be a good year for Ruby Hill home sellers. There were 4 active homes on the market at year end, all priced over $2million. Fresh inventory should begin to appear as the new year progresses.
There were 5 pending homes at year's end - a reflection of limited inventory at this time and slower buyer demand during this holiday month. Two homes went pending in December.
A total of 69 homes changed hands in 2013 - a very healthy market for Ruby Hill. Prices have been increasing through the year- starting around the mid $300s psf to the $400s psf. The average price per square foot of the sold homes was $384 for the year. The average DOM for the sold homes was just 29 days. Compare this to 62 homes sold in 2012 at $340 psf - over 10% increase in the psf price in 2013 .
December End Total Bank owned share Short Sale Share
Active 3 0 0
Pending 5 0 0
Sold to date 2013 69 1 5
If last year's pricing trend continues, this should be a good year for Ruby Hill home sellers. There were 4 active homes on the market at year end, all priced over $2million. Fresh inventory should begin to appear as the new year progresses.
There were 5 pending homes at year's end - a reflection of limited inventory at this time and slower buyer demand during this holiday month. Two homes went pending in December.
A total of 69 homes changed hands in 2013 - a very healthy market for Ruby Hill. Prices have been increasing through the year- starting around the mid $300s psf to the $400s psf. The average price per square foot of the sold homes was $384 for the year. The average DOM for the sold homes was just 29 days. Compare this to 62 homes sold in 2012 at $340 psf - over 10% increase in the psf price in 2013 .
December End Total Bank owned share Short Sale Share
Active 3 0 0
Pending 5 0 0
Sold to date 2013 69 1 5
If you are interested in learning more about buying/selling a home in Ruby Hill please contact Anju@RubyHillLiving.com
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