July 2016 State of Market in Ruby Hill, Pleasanton

Active – As of July 31, 2016 there were 15 active properties ranging from $1,355,000-$4,188,888

Pending – 2 Properties ranging from $1,999,950-$2,158,000

Closed in July – 5 Properties ranging from $ $1,115,000-$2,250,000

Ruby Hill and 94566 Zip Code Overview

The Median Listing Price in Ruby Hill is $2.5 M. Price per Square Foot is $459 and the Median Closing Price is $2.2M (as per Realtor.com).

The median home value in 94566 is $1,036,700. 94566 home values have gone up 5.5% over the past year and Zillow predicts they will rise 0.2% within the next year.

California pending home sales post third straight annual increase in June

Pic of home.jpg

LOS ANGELES (July 25) – Led by the San Francisco Bay Area, California pending home sales continued their upward momentum in June to post three straight months of annual increases, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

The California housing market remained very competitive, as C.A.R.’s June Market Pulse Survey** reflected a slight increase in sales with three or more offers over the previous year, particularly in homes priced $300,000-$399,000, which climbed from 8 percent in June 2015 to 18 percent this year.

  • Statewide pending home sales rose in June on an annual basis, with the Pending Home Sales Index (PHSI)* increasing 3.2 percent from 123.4 in June 2015 to 127.3 in June 2016, based on signed contracts. With pending sales on a rising trend in the past couple of months, June’s increase should portend for higher closed transactions in July and August.
  • California pending home sales declined 7.0 percent on a monthly basis compared to May, primarily due to seasonal factors. When adjusting pending sales for typical seasonal patterns, pending sales were down 3.2 percent from May and up 3.0 percent from June 2015.
  • After trailing behind Southern California and the Central Valley since the beginning of this year, the San Francisco Bay Area led the regions, with pending sales increasing on an annual basis across the state.
  • For the Bay Area as a whole, pending sales were up 5.1 percent from June 2015 and down 16.3 percent from May. The June increase in Bay Area pending sales suggests a brighter outlook for the region, which had been trailing behind 2015 in closed sales, primarily due to low affordability and tight inventory. An improvement in housing supply during recent months – especially in Alameda, San Francisco, San Mateo, and Santa Clara counties – should alleviate low housing stock in the upcoming months.

June REALTOR® Market Pulse Survey**:

In a separate study, California REALTORS® responding to C.A.R.’s June Market Pulse Survey reported slower growth in floor calls, listing appointments, and open house traffic, indicating slowing market activity. In a reflection of a slowing market, the proportion of homes selling above asking price declined in June.

  • After reaching an all-time high of 38 percent in May, the share of homes selling above asking price in June dropped to 35 percent, but was up from 33 percent a year ago. Conversely, the share of properties selling below asking price rose to 37 percent from 34 percent in May. The remainder (28 percent) sold at asking price.
  • For the homes that sold above asking price, the premium paid over asking price rose for the first time in three months to an average of 11 percent, up from 9.4 percent in May but was unchanged from a year ago.
  • The 37 percent of homes that sold below asking price sold for an average of 11 percent below asking price in June, which was up from 10 percent in May but unchanged from a year ago.
  • More than seven of 10 properties (72 percent) for sale received multiple offers in June, indicating the market remains competitive. Sixty-five percent of properties received multiple offers in June 2015.
  • The average number of offers per property dipped slightly to 3.0 in June, compared with 3.1 in May and 2.9 in June 2015. Nearly one-half (47 percent) of properties received three or more offers in June. Homes priced between 300,000-$399,000 and $500,000-$999,000 saw the greatest increase in three or more offers compared to a year ago.
  • More than one in five (22 percent) properties had price reductions in June, down from 23 percent in May. Twenty-one percent of properties had price reductions in June 2015.
  • Low inventory, declining housing affordability, and high home prices were the top concerns for about two-thirds (68 percent) of REALTORS®.
  • While still in positive territory, REALTORS®’ optimism of market conditions over the next year has been waning over the past few months, with the index decreasing to 52, down from 54 in May and 64 in June 2015.

 

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, Realtor.com, 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 Full Service Big Savings

State of Ruby Hill Pleasanton Market in June 2015

Here is the Current Properties Status in Ruby Hill, Pleasanton

Active – As of July 1, 2015 there were 24 active properties in Ruby Hill ranging from $1,350,000- $5,948,000.

Pending – 6 Properties ranging from $1,335,000-$3,198,000

Sold/Closed June 1- June 30, 2015 – 9 properties ranging from $1,485,000-$3,300,000

Pleasanton 94566 Overview  

The median sales price for homes in ZIP code 94566 in Pleasanton from Mar 15 to Jun 15 was $985,000 based on 125 sales. Compared to the same period one year ago, the median sales price increased 9.4%, or $85,000, and the number of sales decreased 22.8%. The average listing price for homes for sale in 94566 was $1,607,631 for the week ending Jun 17, which represents an increase of 1.2%, or $18,319, compared to the prior week.

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.

  • For the fifth month in a row, the REALTORS® Confidence Index-Six-Month Outlook was viewed as strong by more respondents than those that viewed the market as weak.
  • First-time homebuyers accounted for 32 percent of sales, up from 27 percent a year ago and 30 percent in April 2015.
  • Inventory, though improving, remained tight relative to demand, so properties typically sold within 40 days nationally.
  • Distressed properties remained at 10 percent of sales, purchases for investment purposes at 14 percent of sales, and cash sales at 24 percent of sales.

Respondents noted several issues weighing down the market’s momentum:

  • Tight inventory
  • Financing issues: difficulty in qualifying for a mortgage due to higher FICO credit score and down payment standards, protracted mortgage approval process
  • Appraisal issues: conservative estimates, use of “out-of-town appraisers,” slow turnaround
  • TRID regulations that may delay closing/settlement of transactions
  • Dampening effect of higher interest rates in the future (although anticipation of higher rates can spur demand in the short-term)
  • Declining demand from international buyers due to a strong U.S. dollar
  • Lack of FHA-approved condominiums

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

925-425-9491

http://www.meena.realtor

“Dream of Homes, I get you there”

meenagujral@comcast.net

Ruby Hill Resident and Home Owner

 

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

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

State of Ruby Hill October- November 2014

Here is the October 2014 Properties Status in Ruby Hill

As of  November 25th, 2014 there were 14 active properties in Ruby Hill ranging from $1,399,000- $5,948,000.

Pending – 4 Properties ranging from $1,439,000-$2,588,888.

Sold/Closed October 1- November 25, 2014 – 6 Properties ranging from $1,250,000-$2,675,000

Pending for Oct Nov

Pleasanton 94566 Overview

The median sales price for homes in ZIP code 94566 in Pleasanton from Aug 14 to Nov 14 was $890,000 based on 115 sales. Average price per square foot for homes in 94566 was $447, an increase of 11.2% compared to the same period last year. The average listing price for homes for sale in 94566 was $1,483,748 for the week ending Nov 12, which represents a decrease of 3.1%, or $47,121, compared to the prior week.

Interesting Facts about Pleasanton (zip 94566), California

As of 2014, Pleasanton (zip 94566)’s population is 41,006 people. Since 2000, it has had a population growth of 13.54 percent.Compared to the rest of the country, Pleasanton (zip 94566)’s cost of living is 132.40% Higher than the U.S. average.Pleasanton (zip 94566) public schools spend $11,249 per student. The average school expenditure in the U.S. is $12,435. There are about 20 students per teacher in Pleasanton (zip 94566).

The unemployment rate in Pleasanton (zip 94566) is 2.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Pleasanton (zip 94566) jobs have Increased by 0.70 percent. 

October home sales and price report 

Low mortgage rates fail to perk California home sales in October

Bay Area continues to experience low inventory and strong price and sales growth

“As we move into the off-peak home buying season, prospective buyers who may have delayed their purchase earlier in the year should take advantage of the current favorable market conditions and resume their home search,” said 2015 C.A.R. President Chris Kutzkey. “With home prices stabilizing and interest rates dropping back down to levels not seen since mid-last year, housing affordability should improve to benefit buyers.”

“While home sales essentially were unchanged statewide, there were pockets of strong sales growth, especially in coastal regions. The Bay Area, for example, continued to exhibit strong price gains, decent sales growth, and extremely low housing inventory,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young.  “If current price and rate conditions persist, overall home sales should improve for the rest of the year.”

 October sales

This information has been compiled from the CAR website, 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

Amador Valley High School in Pleasanton, California

 

Amador Graduation

Today I read an article in the Independent newspaper about Amador Valley High School. 

Pleasanton’s Amador Valley High school has some of the best high-school mathematicians in the country. Several students received individual awards in the 2008 Fall Startup Event, a national mathematics contest administered by National Assessment and Testing therefore achieving the 15th position in the nation.

I was very pleased to read the article since my daughter goes to Amador. She is not one of the mathematicians but I am still proud of her achievements in other areas in the school.  Needless to say, it is an excellent school and I am glad we have the privilege to send our daughter to AVHS.  

AVHS prepares you for college with AP and honor classes with outstanding teachers, has a diverse student population, and provides a friendly and comfortable atmosphere for students. The staff members on campus make an effort to get to know students on a more personal and understanding level. The atmosphere, even when you just walk on campus, is positive and happy. The teachers are dedicated, enthusiastic and professional.