Ruby Hill home prices too have made an adjustment just as all of California. For example, homes that were selling for $2.5 Million are now selling less than 2 million. Interest rates are still very low. I would say it is a great time to buy in Ruby Hill.
As of July 7, 2009, there were 36 active listings in Ruby Hills. What that means is that buyers have a huge selection of homes ranging from $969,000-$10,000,000.
The Real Estate activity has always been good in Ruby Hill, Pleasanton. There are 6 pending listings and 17 homes have closed escrow since January 1, 2009. These numbers may not seem to be too high, however upper end properties have a limited pool of buyers, therefore they take longer to sell.
The sold numbers were about the same from January- July 2008 and from July-December 2008. In other words, the activity in Ruby Hill has been the same for a long time in spite of the market conditions. There were only 2 short sales and 2 REO (foreclosure) properties in the last six months.
Ask yourself these questions:
Would buying a home in Ruby Hill mean stretching your financial limits? Will you still have enough left over for unexpected emergencies? What can you afford comfortably?
When pre qualifying you for a loan, lenders look for three main areas: income and expenses, credit score, down payment including closing costs.
As a general rule, your credit score should be above 700 to get a good interest rate on a conventional loan in Ruby Hill. You should also be looking at having at least 30% for a down payment.
As far as financial benefits of homeownership in Ruby Hill are concerned, tax advantages are one of the biggest financial benefits of homeownership. As a general rule, most homeowners can deduct most or all of their interest payments on their home loan, property taxes and loan points, but check with your tax advisor to be sure. As you know Ruby Hill has so much to offer with the exclusive estate homes, the beautiful Golf Course, the club house, best Pleasanton schools, the Pleasanton and Livermore wineries and close proximity to downtown and major freeways.
Now you tell me…. Is it the right time for You?
If there is anything you need to know about Ruby Hill or Pleasanton you can reach me at 510-279-9580. You can also go to my website at http://www.helpusellachievers.com
Meena Gujral
Help-U-Sell Achievers Realty
510-279-9580 / 925-425-9491
This was really helpful! I am looking for a house in Ruby Hill and would like to work with you.
Great article. Me too @Sarah