Foreclosure homes in Pleasanton

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

Pleasanton Homes for sale

Pleasanton overview
Fifty homes were sold in November 2013, up by 11% compared to the same time last year.The average list price was up by almost 30%! The average sale price was up by over 32%. The average days on market fell to 38 days as compared to 62 days in November last year. Clearly, demand is strong.


Total sales are down as compared to last year as inventory has not kept up with demand. Million plus priced homes have sold in much greater numbers than the past five years, and the $2 million plus home sales have more than tripled compared to 2012. Sales of homes priced above $700k have all fared exceedingly well.


There were just 47 homes for sale in November, approximately one month's supply based on current absorption rates.

If you are interested in buying or selling a home in Pleasanton, please contact Anju at anju4homes@yahoo.com or www.anju4homes.com

Ruby Hill homes sell well in 2013

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 you are interested in learning more about buying/selling a home in Ruby Hill please contact Anju@RubyHillLiving.com

Foreclosures in Pleasanton, Ca

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.

Pleasanton home sales in March

Pleasanton overview

The number of homes sold in March were in line with the same time last year, however the average sale price was up by almost 30% and the days on market fell to just 20 days as compared to over 40 last year. Inventory remained low at just one month’s supply.

Total closed sales are higher than the same time last year. Year to date sales show the greatest strength in the $600-799k. The $1m-2m price ranges are faring much better than the same time last year – 30 closed sales as compared to 18.

Active listings remained low in March. Homes which came on the market  went under contract quickly leading to a spike in the pending sales.

If you are interested in buying/selling  a home in Pleasanton, please email me at anju@anju4homes.com

 

Ruby Hill Home Sales in April 2013

There were 21 homes on the market by May end– eleven of them have been on the market for over one month and all of these are priced over $2 million. None of the active listings are distressed properties. The price per square foot ranges from $347 psf to over $600 psf averaging at the $400 psf mark.

There were 13 pending homes at this time. Eight homes went under contract in April. It is common for homes priced under $2 million to go pending within two weeks of hitting the market. Homes priced under $1.5m sell even faster with multiple offers. The lone short sale has been pending since last year. The average price per square foot of the pending homes is $372 psf. Five of the pending homes are priced over $2m.

21 homes closed by April end, one was bank owned (3450 Mercato). Seven homes sold at or above asking price . The average price per square foot is around $390 psf for the selling price.

April  End	Total	Bank owned share	Short Sale Share
Active	20	0	0
Pending	13	0	1
Sold to date 2013	21	1	0

If you are intersesting in buying or selling a home in Ruby Hill, Pleasanton, Ca please email me at Anju@RubyHillLiving.com

Foreclosure homes in Pleasanton for period ending February 2013

There were 6 NODs (Notice of Default)filed in February this year as compared to 26 last year – a dramatic decline as homeowners find themselves in a healthier equity position with increasing home values. NOSs (Notices of Sale) were up by one to 12.

Although foreclosure inventories had been falling, last month saw a sudden spike in pre-foreclosure (properties that have a NOD filed against them) inventory in Pleasanton. It appears there might be some mistake in the Foreclosure Radar data shown below as according to the previous chart there was an increase of 6 NOD’s filed in February. There were a total of 32 bank owned properties in Pleasanton at February end and just 58 bank owned homes that will be put up for sale at some stage.
If you are interesting in buying or selling a home in Pleasanton please email me at anju@anju4homes.com

Ruby Hill Home Sales for period ending March 2013

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

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.

Ruby Hill Real Estate February 2013

The number of active homes in Ruby Hill at February end remained low, at just 12 – none of these were distressed properties. Eight of these homes are priced over $2 million. Six of the active homes have been on the market for more than 3 months.

There were 13 pending homes with one bank owned and one short sale. Seven of these homes went pending in February - four of them in 4 days or less. The price per square foot has been rising steadily with at least six of the pending homes being priced over $400 per square foot. Demand is very strong at present with a combination of low interest rates and low inventory.

Seven homes closed and February end, none of them distressed. Five of the homes sold for $2 million or less. However, the over $2 million homes are definitely selling faster and close to asking.

February End	Total	Bank owned share	Short Sale Share
Active	12	0	0
Pending	13	1	1
Sold to date 2013	7	0	0

If you are interested in buying or selling a home in Ruby Hill, Pleasanton, please contact Anju@RubyHillLiving.com

Foreclosures in Pleasanton in 2012

 Just 10 NODs (notice of default) were filed in November, as compared to 23 the same time last year. NOS’s (notice of sale) went down to 21 this year as compared to 39 the same time last year. There was 1 NOS and 1 NOD filed in the million plus price range in November in Pleasanton. 

Properties scheduled for sale and bank owned inventories were also down as compared to last year. There were a total of 37 bank owned properties in Pleasanton at November end. Banks are collaborating with distressed homeowners to find alternative solutions to foreclosure.

Wrap-up

The real estate market has changed direction in 2012. Inventory declines coupled with increasing buyer confidence led to homes selling quickly, often with multiple offers. Foreclosure activity continued to decline and higher end home sales showed strength as the months passed. Investors played an active part as buyers with the rental market doing well. Low interest rates and an easing in the jumbo loan market contributed significantly to higher sales in all price points. With an improving job market and continuing low interest rates, the real estate market will probably stay on a healthy path in this year to come.

Please contact Anju Bhatia for foreclosure properties: Anju@anju4homes.com or visit www.anju4homes.com

Ruby Hill Home Sales for year ending 2012

The number of active homes in Ruby Hill slipped to just 3 by December end, with no new short sales or bank owned properties. Although it is typical to see an inventory decline during the holiday season, this year’s supply side has been particularly low. There were 6 pending homes – just 2 homes went contract during the month. This was more a reflection of low inventory as opposed to reduced buyer demand.

2012 showed great improvement in higher end home sales. Ruby Hill fared well with a total of 62 homes closing escrow during the year. The highest price home sold for $3.9 million at $433 psf. Twelve of these 62 homes were sold for over $2 million – considerably more than last year. The jumbo loan comeback has contributed to the improved sales at the higher end. The average psf of all homes sold was $341 psf. The distressed home sales share of the market has declined as compared to last year, which bodes well for future pricing.

December End	Total	Bank owned share	Short Sale Share
Active	3	0	0
Pending	12	0	0
Sold to date 2012	62	5	4

If you would like more information, or are thinking of buying or selling a home in Ruby Hill please contact Anju@RubyHillLiving.com

Foreclosures in Pleasanton - November 2012

 Just 10 NODs (notice of default) were filed in November, as compared to 23 the same time last year. NOS’s (notice of sale) went down to 21 this year as compared to 39 the same time last year. There was 1 NOS and 1 NOD filed in the million plus price range in November in Pleasanton.

Properties scheduled for sale and bank owned inventories were also down as compared to last year. There were a total of 37 bank owned properties in Pleasanton at November end. Banks are collaborating with distressed homeowners to find alternative solutions to foreclosure.

Wrap-up

The real estate market has changed direction in 2012. Inventory declines coupled with increasing buyer confidence led to homes selling quickly, often with multiple offers. Foreclosure activity continued to decline and higher end home sales showed strength as the months passed. Investors played an active part as buyers with the rental market doing well. Low interest rates and an easing in the jumbo loan market contributed significantly to higher sales in all price points. With an improving job market and continuing low interest rates, the real estate market will probably stay on a healthy path in this year to come.

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

Pleasanton Home sales in November 2012

Pleasanton November home sales were up by 12.5% as compared to the same time last year and the year before. The market remains price sensitive and the median sale price showed a negligible decline. At current selling levels, the inventory remains at a paltry one month supply.

Inventory has continued to decline since May of this year. More striking is the lack of inventory as compared to the same time last year:

YTD home sales in Pleasanton for the period ending November were 642- approximately 16% higher than the previous year. The bulk of the sales were in the $600-799k range. However the $1-2m range has also done extremely well as compared to previous years.

For more information please visit www;anju4homes.com

Ruby Hill home sales for 2012

\

The number of active homes in Ruby Hill slipped to just 3 by December end, with no new short sales or bank owned properties. Although it is typical to see an inventory decline during the holiday season, this year’s supply side has been particularly low. There were 6 pending homes – just 2 homes went contract during the month. This was more a reflection of low inventory as opposed to reduced buyer demand.

2012 showed great improvement in higher end home sales. Ruby Hill fared well with a total of 62 homes closing escrow during the year. The highest price home sold for $3.9 million at $433 psf. Twelve of these 62 homes were sold for over $2 million – considerably more than last year. The jumbo loan comeback has contributed to the improved sales at the higher end. The average psf of all homes sold was $341 psf. The distressed home sales share of the market has declined as compared to last year, which bodes well for future pricing.

December End	Total	Bank owned share	Short Sale Share
Active	3	0	0
Pending	12	0	0
Sold to date 2012	62	5	4

Foreclosures in Pleasanton

Foreclosures in Pleasanton:


NODs (notice of default) were up 37% from the previous month after declining since February.

NOS’s (notice of sale) were up 58% from April but lower by over 20%from the previous year. There were 6 NOS’s and 2 NOD’s in the million plus price range in May.

The number of properties in the pre-foreclosure (properties that have had a notice of default filed against them) fell by over 10% from the previous month and by almost 56% from the same time last year. At 99, properties scheduled for sale and bank owned inventories were down by both comparisons also. There were a total of 59 bank owned properties in Pleasanton in May.


Wrap-up

Buyer remains strong and open houses are well attended. Well priced homes are selling quickly in all price points except the very high end. Investors are still playing a large role in home sales as the rental market continues to show strength. The inventory of active homes remains very low due to a variety of reason. Firstly, bank owned properties are barely trickling to the marketplace due to strategic/political reasons. Secondly, many homeowners who are behind with their mortgage payments are continuing to stay in their homes for extensive periods, without any pressure to sell their home from banks. Lastly, those who have equity in their homes are refusing to sell whilst prices remain depressed, unless they have to. The job market is not showing much strength and the stock market remains volatile with continued uncertainty over the European economy and weak projected consumer demand worldwide. Hard to tell what the future holds, however for now, the real estate market seems to be showing strength.

For more information contact anju@anju4homes.com or visit http://www.anju4homes.com/

Pleasanton Home Sales in June 2012

Pleasanton overview


May home sales were 50% higher than this time last year with the median home price going up marginally and the average days on market falling to 47 days with continuing low inventories. With 102 active homes at May end, there was only one month of supply based on current absorption rates!


Although 2012 sales to date have been lower than the previous year, this can still be attributed to lower inventory as opposed to lack of buyer demand. The average days on market crept up to 47 days in May from 33 days in April. Sales are significantly higher than 2010, 2009 and 2008.The strongest sales has been in the $400-$2million price range, whilst the $2m plus range is weak:

Contact anju@anju4homes.com or visit http://www.anju4homes.com/

Ruby Hill Real Estate - June 2012

The State of the Ruby Hill Market


The Ruby Hill inventory declined to 21 from the previous month’s 22 active homes. Nine homes were added to Ruby Hill marketplace in June – two are bank owned and priced at a considerably lower price per square foot as compared to the other equity sales. Seven of the 21 homes have been on the market for over 3 months – all but two are priced over $2.5m. Only eight active homes are priced under $2m – the most popular price range. The lowest price per foot home is at $263 psf and the highest at $731psf, averaging at $407 psf for the active inventory.

There were 10 pending homes at June end – one was a short sale. Six homes went under contract in June, a slightly slower pace than the previous month as the summer slowdown set in. Two of these homes had been on the market for under a week. Just three of the pending homes are priced over $2.5m. All pending homes are priced in the $300’s price per sq. foot.

Nine more homes closed escrow in June making a total of 24 sold year to date this year. The distressed component is falling as a percentage of total sales. The lowest psf property sold this year is at $285 (short sale) and the highest is $390psf, averaging at $325 psf for sold homes to date.

Based on published data, there are currently there are 6 properties in Ruby Hill in various stages of foreclosure, not necessarily on the market.

June End                       Total            Bank owned share                      Short Sale Share

Active                             21                    2                                                0

Pending                          11                    0                                                 1

Sold to date 2012          24                    1                                                  3


For more information visit http://www.rubyhillliving.com/ or contact anju@RubyHillLiving.com