Real Estate Agent in Pleasanton

June 2016 State of Market in Ruby Hill, Pleasanton

Active – As of June 30, 2016 there were 12 active properties ranging from $1,349,900-$4,188,888.

Pending – 7 Properties ranging from $1,150,000-$2,548,000

Closed in June – 5 Properties ranging from $ $2,199,000-$3,499,000.

94566 Zip Code Overview

The Median Listing Price in Ruby Hill is $2.2 M. Price per Square Foot is $464 and the Median Closing Price is $2.3M (as per Realtor.com)

The median home value in 94566 is $1,034,400. 94566 home values have gone up 6.2% over the past year and Zillow predicts they will rise 0.3% within the next year.

California pending home sales hold pace in May Housing supply on the rise but low affordability to cut into demand

LOS ANGELES (June 23) – Building on April’s gain, California pending home sales continued to rebound on a year-to-year basis, as listings increased, primarily in seven of nine Bay Area counties, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.   With an increase in housing supply, C.A.R.’s May Market Pulse Survey** also reflected a closing gap between REALTORS®’ concern of low inventory and low housing affordability – fewer REALTORS® were concerned about low inventory, but more REALTORS® were concerned with a decline in housing affordability.

Pending home sales data:

  • Statewide pending home sales rose in May on an annual basis, with the Pending Home Sales Index (PHSI)* increasing 3.8 percent from 131.4 in May 2015 to 136.5 in May 2016, based on signed contracts. May’s increase comes as welcome news since closed transactions declined in May despite low interest rates and high housing demand.
  • California pending home sales declined 3.6 percent on a monthly basis compared to April, which was almost entirely due to seasonal factors. When adjusting pending sales for typical seasonal patterns, pending sales actually edged up 0.1 percent from April and 3.1 percent from May 2015.
  • Led by Southern California, pending sales were up last month on an annual basis across the state on a regional level, with the exception of the San Francisco Bay Area, which saw pending sales contract from the previous year.
  • For the Bay Area as a whole, pending sales were up 4.6 percent from April and down 1.6 percent from May 2015. Perhaps counterintuitively, within the core areas of the Bay Area, San Francisco and Santa Clara counties, pending sales actually saw an increase over last year of 40.5 percent and 0.4 percent, respectively. The surge in San Francisco was exaggerated by the monthly decline in the county pending sales level a year ago, when it hit the bottom in the last 10 years.  Pending sales typically increase from April to May.
  • Pending sales in the more affordable areas of the Bay Area, where inventory is less constrained, have experienced a decrease in pending sales as a disproportionate increase in home prices has eroded housing affordability.
  • The pending sales in Central Valley posted a gain of 3.8 percent from the previous year and were down 14.5 percent on a month-to-month basis, following a particularly strong April increase.
  • Pending home sales in Southern California as a whole rose 5.6 percent from May 2015 and 2.4 percent from April, thanks to year-over-year gains of 6.9 percent in Los Angeles County and 6.2 percent in San Diego County. Orange County experienced a 1.8 percent decrease from the previous year.

Year-to-Year Change in Pending Sales by County/Region

Year-to-Year Change in Pending Sales

If you need to know more about Ruby Hill Real Estate or Homes for sale in Ruby Hill Pleasanton, please feel free to reach out to me and I would be happy to help answer all your questions. If you are looking to sell, I can save you Thousands $$$$$

You paid How Much to sell your home

This information has been compiled from the CAR, NAR website, MLS Data, Zillow, Bay East Association of Realtors, Helpusellachievers.com 

Meena Gujral – BRE#00950378

Ruby Hill Resident and Home Owner

925-425-9491

meenagujral@comcast.net

http://www.helpusellachievers.com

Looking to sell your Home? Call Meena to save Thousands in Commission

 

May 2016 State of Market in Ruby Hill, Pleasanton

Active – As of May 31, 2016 there were 15 active properties ranging from $1,398,000 – $4,188,888.

Pending – 8 Properties ranging from $1,150,000 – $2,999,999

Sold/Closed in May, 2016 – 6 Properties $1,515,000 – $3,450,000

94566 Zip Code Overview

The Median Listing Price in Ruby Hill is $2.5 M. Price per Square Foot is $485 and the Median Closing Price is $2.2M (as per Realtor.com)

The median home value in 94566 is $1,053,500. 94566 home values have gone up 8.2% over the past year and Zillow predicts they will rise 0.7% within the next year.

April California pending home sales trend higher but inventory concerns remain

LOS ANGELES (May 23) – Led by the Central Valley, California statewide pending home sales reversed a three-month decline and posted higher in April, but a persistent shortage of homes for sale may dampen the upcoming spring homebuying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said.

C.A.R.’s April Market Pulse Survey** also reflected a slowdown in market activity with a decrease in floor calls, open house traffic, and listing appointments/client presentations, likely due to the tight inventory and low affordability conditions constraining the California housing market.

Pending home sales data:

  • Statewide pending home sales rose in April on an annual basis, with the Pending Home Sales Index (PHSI)* increasing 4.1 percent from 135.9 in April 2015 to 141.6 in April 2016, based on signed contracts. April’s annual increase was the strongest thus far this year, and the PHSI is now at its highest level since March 2012.
  • California pending home sales also rose on a monthly basis more than is typical for April, which average 1.3 percent between 2008 and 2015. The PHSI increased 4.5 percent from an index of 135.4 in March. When adjusting pending sales for typical seasonal patterns, pending sales actually increased 9 percent from March. Despite the uptick, inventory concerns remain as statewide listings are 4.2 percent below where they were a year ago.
  • At the regional level, pending sales were up on an annual basis in all major regions of the state, with the Central Valley Region’s index reaching an all-time high, thanks to its high affordability and ample inventory.
  • For the Bay Area as a whole, pending sales were down 5.1 percent from March and up 1.6 percent from April 2015. Within the core areas of the Bay Area, including San Francisco and Santa Clara counties, pending sales actually saw an increase over last year of 9.4 percent and 15.8 percent, respectively.
  • The pending sales index in Central Valley posted an increase of 35.3 percent from March and 2 percent from April 2015.

You paid How Much to sell your home

This information has been compiled from the CAR, NAR website, MLS Data, Zillow, Bay East Association of Realtors, Helpusellachievers.com 

Meena Gujral – BRE#00950378

Ruby Hill Resident and Home Owner

925-425-9491

meenagujral@comcast.net

http://www.helpusellachievers.com

Looking to sell your Home? Call Meena to save Thousands in Commission

HUS Logo

April 2016 State of Market in Ruby Hill, Pleasanton

You paid How Much to sell your home

 Active – As of May 2nd, 2016 there were  active properties ranging from $1,469,000 – $4,188,888.

Pending – 7 Properties ranging from $1,150,000 – $3,750,000

Sold/Closed in April, 2016 – 5 Properties $1,430,000 – $2,900,000.

94566 Zip Code Overview

The Median Listing Price in Ruby Hill is $2.5 M. Price per Square Foot is $485 and the Median Closing Price is $2.1M (as per Realtor.com)

The median home value in 94566 is $1,055,700. 94566 home values have gone up 9.7% over the past year and Zillow predicts they will rise 2.0% within the next year.

March pending home sales and Market Pulse Survey

High demand and thin housing supply crimp March California pending home sales

LOS ANGELES (April 25) – Statewide pending home sales in California decreased in March on an annual basis for the third straight month, reflecting high demand for a dearth of homes available for sale on the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Pending home sales data:

  • Statewide pending home sales fell in March on an annual basis, with the Pending Home Sales Index (PHSI)* decreasing 1.7 percent from 138.0 in March 2015 to 135.6 in March 2016, based on signed contracts.
  • On a monthly basis, California pending home sales rose from February, primarily due to seasonal factors. The PHSI increased 12.7 percent from an index of 120.3 in February to 135.6 in March. When adjusting pending sales for typical seasonal patterns, pending sales actually declined 1 percent from February. Tight inventories are expected to continue to impede home sales growth this year.
  • At the regional level, pending sales were down on an annual basis in all major regions of the state, with the San Francisco Bay Area experiencing the largest contraction at 3.7 percent. All major regions experienced double-digit, month-to-month increases in pending sales.
  • Within the core areas of the Bay Area, including San Francisco and Santa Clara counties, pending sales actually saw an increase over last year of 8.6 percent and 11.6 percent, respectively.

Realtors Confidence Index

The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. In addition, the “Questions of the Month,” feature results of a timely aspect of the housing market.

Highlights:

  • Market conditions vary across local markets, but the REALTORS® confidence and traffic indices indicate that overall market activity picked up slightly in March 2016 compared to one year ago.
  • REALTORS® reported strong demand, but severely low inventory in many states has weighed heavily on sales and has pushed prices up, making homes increasingly unaffordable, especially for first-time buyers.
  • There are reports that the TILA/RESPA disclosure guidelines have led to longer rate lock and escrow periods.
  • Very low supply, steep price increases, and lender processing delays were reported as the key issues affecting sales, especially to first-time homebuyers. 

If you need to know more about Ruby Hill Real Estate or Homes for sale in Ruby Hill Pleasanton, please feel free to reach out to me and I would be happy to help answer all your questions. If you are looking to sell, I can save you Thousands $$$$$

To see virtual Tours on all my listings click on the link:http://tours.tourfactory.com/results.asp?u=22865&p=1&status=public&m=1

This information has been compiled from the CAR, NAR website,MLS Data, Zillow, Bay East Association of Realtors, Helpusellachievers.com

  Meena Gujral – BRE#00950378

Ruby Hill Resident and Home Owner

925-425-9491

meenagujral@comcast.net

http://www.helpusellachievers.com

Looking to sell your Home? Call Meena to save Thousands in Commission

State of Ruby Hill market in May 2015

Active – As of June 1, 2015 there were 22 active properties in Ruby Hill ranging from $1,335,000- $5,948,000.

Pending – 8 Properties ranging from $1,440,000-$2,850,000

Sold/Closed May 1- May 31, 2015 – 3 properties ranging from $2,099,000-$2,599,000

Pleasanton 94566 Overview  

The median sales price for homes in ZIP code 94566 in Pleasanton from Feb 15 to May 15 was $975,000 based on 97 sales. Compared to the same period one year ago, the median sales price increased 10.5%, or $92,250, and the number of sales decreased 28.7%. Average price per square foot for homes in 94566 was $463, an increase of 4.8% compared to the same period last year. The average listing price for homes for sale in 94566 was $1,692,441 for the week ending May 27, which represents a decrease of 4%, or $71,266, compared to the prior week.

Market Activity Summary for May 2015

Luxury Home Prices Exhibit Little Growth in Q1

Los Angeles, Miami Beach and San Francisco Lead the Top 20 Areas for Most Expensive Properties

In San Francisco Luxury Prices Are Just 4 times above the Rest of the Market

Sales of million-dollar-plus homes surged in the first three months of the year, holding their ground against a slumping economy.  But the luxury market, which Redfin defines as the priciest 5 percent of properties, didn’t see a corresponding jump in values. Luxury home prices grew at their slowest pace in three years, rising less than 1 percent from the same period a year ago. For the bottom 95 percent of homes, values advanced at a steady 4.3 percent.

Posh properties took longer to sell, too. The average luxury home sat on the market 96 days, up from 92 in the first quarter of 2014. For the rest of the market, houses took an average of 72 days to sell, the same as last year. While it’s normal for high-end homes to go unsold longer due to their weighty price tags, demand for those properties is slowing as price-conscious and first-time buyers make up a greater share of house hunters.

Housing Affordability Is Up As National Homeownership Month Begins

Housing affordability is up nationwide due to low interest rates and home prices as National Homeownership Month begins in June, according to a recent release from the National Association of Home Builders (NAHB).

The latest NAHB/Wells Fargo Housing Opportunity Index released in mid-May reports that about two-thirds of new and existing homes sold in the first quarter of 2015 were affordable to families that earned $65,800, which is the U.S. median yearly income, according to NAHB. Meanwhile, the median home price nationwide dropped by $5,000 from the fourth quarter of last year to the first quarter of 2015 (from $215,000 down to $210,000) while interest rates dropped from 4.29 percent down to 4.03 percent during the same time frame.

In addition to lower prices and interest rates, low-down payment programs offered by Fannie Mae and Freddie Mac can help creditworthy borrowers who cannot afford a large downpayment qualify for a mortgage. These programs offer downpayments as low as 3 percent for eligible first-time homebuyers.

“Now is a great time for consumers to buy homes,” said NAHB Chairman Tom Woods, a home builder from Blue Springs, Missouri. “Both first-time and move-up buyers can take advantage of these favorable market conditions and start building their American Dream.”

Homeownership carries with it financial benefits, according to the NAHB, since it is often a primary source of net worth and a step toward accumulating long-term personal financial assets. Homeowners can also deduct mortgage interest and property taxes paid from their taxable income, which can result in thousands of dollars in savings, particularly in the first few years of a mortgage when the largest percentage of the monthly mortgage payment is made up of interest.

Benefits of homeownership are not just financial, however, according to Woods.

“Homeownership builds stronger communities, provides a solid foundation for family and personal achievement and improves the quality of life for millions of people,” Woods said.

This information has been compiled from the CAR website, Redfin, MLS Data,Trulia, Zillow, Bay East Association of Realtors ,Helpusellachievers.com and Realtor.com. 

Meena Gujral – BRE#00950378

Ruby Hill Resident and Home Owner

925-425-9491

State of Ruby Hill Pleasanton in April 2015

Active – As of May 1, 2015 there were 13 active properties in Ruby Hill ranging from $1,949,000- $5,948,000.

Pending – 11 Properties ranging from $1,399,950-$2,985,995

Sold/Closed April 1- April 30, 2015 – 6 listings ranging from $1,700,000 – $2,500,000

Pending home sales in April - May 2015

Pleasanton 94566 Overview

 The median home value in 94566 is $963,200. 94566 home values have gone up 6.5% over the past year and Zillow predicts they will rise 3.2% within the next year.

As per Trulia, Average price per square foot for homes in 94566 was $452, an increase of 5.4% compared to the same period last year. The average listing price for homes for sale in 94566 was $1,548,157 for the week ending Apr 22, which represents an increase of 3.2%, or $47,651, compared to the prior week.

Inventory Pending and Units Sold

Pleasanton-94566-1 year The Market Action Index was developed so that you can immediately know if it’s a Buyer’s or Seller’s market. 30+ indicates a Seller’s market.

Median MAI for 94566 Big

Double-digit gain in annual pending home sales suggests market will continue its upswing coming months, C.A.R. reports

Pending sales in San Francisco Bay Area, Southern California, and Central Valley regions jump

LOS ANGELES (April 22) – California pending home sales jumped in March to record three straight month-to-month and year-to-year sales increases, portending a solid upcoming spring home-buying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Pending home sales in the San Francisco Bay Area, Southern California, and Central Valley regions also posted back-to-back, double-digit monthly gains compared to February.

  • California pending home sales propelled higher in March, with the Pending Home Sales Index (PHSI)* increasing 16.3 percent from a revised 111.9 in February to 130.2, based on signed contracts.  The month-to-month increase was essentially unchanged from the long-run average increase of 16.8 percent observed in the last seven years.
  • Statewide pending home sales were up 13.8 percent on an annual basis from the 114.4 index recorded in March 2014.  The yearly increase was the second largest since April 2009 and was the fourth consecutive annual gain.
  • San Francisco Bay Area’s PHSI stood at 146.6 in March, up 17.4 percent from 124.8 in February and up 7.2 percent from 136.7 percent in March 2014.

Lawrence Yun, NAR chief economist, says contract signings picked up in March as more buyers than usual entered this year’s competitive spring market. “Demand appears to be stronger in several parts of the country, especially in metro areas that have seen solid job gains and firmer economic growth over the past year,” he said. “While contract activity being up convincingly compared to a year ago is certainly good news, the increased number of traditional buyers who appear to be replacing investors paying in cash is even better news1. It indicates this year’s activity is being driven by more long-term homeowners.”

Yun expects a gradual improvement in home sales in the months ahead but says insufficient supply and accelerating prices could be a drawback to sales reaching their full potential.

“Demand in many markets is far exceeding supply, and properties in March sold at a faster rate than any month since last summer2,” he said. “This in turn has pushed home prices to unhealthy levels — nearly four or more times above the pace of wage growth in some parts of the country. Simply put, housing inventory for new and existing homes needs to improve measurably to improve affordability.”

This information has been compiled from the CAR website, Redfin, MLS Data,Trulia, Zillow, Bay East Association of Realtors, Helpusellachievers.com and Realtor.com.

 

Meena Gujral – BRE#00950378

Ruby Hill Resident and Home Owner

925-425-9491

meenagujral@comcast.net

http://www.meena.realtor

State Of Ruby Hill Pleasanton Market in March 2015

Active – As of April 1, 2015 there were 11 active properties in Ruby Hill ranging from $1,399,950- $5,948,000.

Pending – 10 Properties ranging from $1,699,950-$2,850,000

Sold/Closed March 1- March 31, 2015 – 4 listings ranging from $1,499,000 – $2,850,000

Pending Properties in Ruby Hill

February 2014-2015 Market Statistics for Pleasanton

Monthly Market Activity Feb 2014-Feb 2015 Resized

 

Pleasanton 94566 Overview

The median sales price for homes in ZIP code 94566 in Pleasanton from Dec 14 to Mar 15 was $935,000 based on 61 sales. Compared to the same period one year ago, the median sales price increased 8.3%, or $72,000, and the number of sales decreased 31.5%. Average price per square foot for homes in 94566 was $449, an increase of 5.4% compared to the same period last year.

The average listing price for homes for sale in 94566 was $1,817,614 for the week ending Mar 04, which represents a decrease of 3.5%, or $66,899, compared to the prior week.

California pending home sales climb in February to post biggest annual increase in nearly six years

California pending home sales jumped in February, with the Pending Home Sales Index (PHSI)* increasing 24.8 percent from a revised 89.9 in January to 112.2, based on signed contracts.  The month-to-month increase easily topped the long-run average increase of 17.9 percent observed in the last seven years.

Statewide pending home sales were up 15.6 percent on an annual basis from the 97.1 index recorded in February 2014.  The yearly increase was the largest since April 2009 and was the first double-digit gain since April 2012.

San Francisco Bay Area’s PHSI stood at 124.8 in February, up 23.3 percent from 101.2 in January and 13.1 percent from 110.3 percent in February 2014.

This information has been compiled from the CAR website, Redfin, MLS Data,Trulia, Zillow, Bay East Association of Realtors ,Helpusellachievers.com and Realtor.com.

 

Meena Gujral – BRE#00950378

meena.gujral@comcast.net

http://www.meena.realtor

State of Ruby Hill Pleasanton market for February 2015

Active – As of March 1, 2015 there were 4 active properties in Ruby Hill ranging from $1,635,000- $5,948,000.

Pending – 7 Properties ranging from $1,499,000-$2,885,000

Sold/Closed February 1- February 28, 2015 – 4 listings ranging from $1,299,000 – $2,699,000

February 2014-2015 Market Statistics for Pleasanton

Inventory Pending and Units sold Feb 2014-2015 Big

Pleasanton 94566 Overview

The median sales price for homes in ZIP code 94566 in Pleasanton from Nov 14 to Feb 15 was $940,000 based on 77 sales. Compared to the same period one year ago, the median sales price increased 7.1%, or $62,500, and the number of sales decreased 18.9%. Average price per square foot for homes in 94566 was $450, an increase of 7.7% compared to the same period last year. The average listing price for homes for sale in 94566 was $1,536,038 for the week ending Feb 11, which represents an increase of 8.5%, or $120,639, compared to the prior week.

 2015 Could Be the Biggest Year for Housing Since the Bust

6.3% Growth in New Listings and Record-Setting Buyer Demand Indicate Strongest Start to the Housing Market in Six Years

 More sellers are putting properties on the market. The number of homes listed for sale increased 6.3 percent in January from a year earlier. More homes went on the market in January than any other month since August 2013.

Fresno, California, saw stronger year-over-year price growth than any other market at 14.2%, along with higher sales and more new listings. The median sale price in Fresno was $211,200 in January

Biggest Obstacle from buying a home Big

This information has been compiled from the CAR website, Redfin, MLS Data, Trulia, Zillow, Bay East Association of Realtors website and Realtor.com.

 

Meena Gujral – BRE#00950378

meena.gujral@comcast.net

http://www.meena.realtor

Agent specializing in the East Bay – Pleasanton, Ruby Hill, Fremont, Castro Valley, Dublin, San Ramon

Ruby Hill Spring Mela Learning Dandiya

Living in Ruby Hill is so much fun. We just had a spring Mela at the Community Center and here is a Dandiya dance lesson the residents were given.

Would you like to live in our beautiful Community too? Call Meena Gujral (Ruby Hill Resident and Homeowner) at 925-425-9491

Meena Gujral

Realtor / Broker

Achievers Realty

BRE # 00950378

925-425-9491

March 2015 Pending Home Sales

Pending Home Sales Increase in March for Third Consecutive Month

Pending home sales in March continued their recent momentum, rising for the third straight month and remaining at their highest level since June 2013, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, climbed 1.1 percent to 108.6 in March from an upward revision of 107.4 in February and is now 11.1 percent above March 2014 (97.7). The index has now increased year-over-year for seven consecutive months and is at its highest level since June 2013 (109.4).

Lawrence Yun, NAR chief economist, says contract signings picked up in March as more buyers than usual entered this year’s competitive spring market. “Demand appears to be stronger in several parts of the country, especially in metro areas that have seen solid job gains and firmer economic growth over the past year,” he said. “While contract activity being up convincingly compared to a year ago is certainly good news, the increased number of traditional buyers who appear to be replacing investors paying in cash is even better news1. It indicates this year’s activity is being driven by more long-term homeowners.”

Yun expects a gradual improvement in home sales in the months ahead but says insufficient supply and accelerating prices could be a drawback to sales reaching their full potential.

“Demand in many markets is far exceeding supply, and properties in March sold at a faster rate than any month since last summer2,” he said. “This in turn has pushed home prices to unhealthy levels — nearly four or more times above the pace of wage growth in some parts of the country. Simply put, housing inventory for new and existing homes needs to improve measurably to improve affordability.”