Real Estate Agent in Pleasanton

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

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My Listing in Pleasanton. Just Sold

front1

This highly upgraded Heights home offers 3 bedrooms, 2 bathrooms with 1,852 square feet of living space and a lot size of 7,480 sq ft.
Built in 1965.Two Car attached garage.
Located at the end of a quiet street with privacy and beautiful views of the hills and trees.
Kitchen offers Quartz Counter tops, Tile flooring, 6 burner gas stove, Built-in Microwave and convection Oven Maple cabinets, 2 Lazy Susans, pull out drawers.
Formal Living room with Wood burning fireplace and Plantation wood Shutters.
Work area or Family room with Quartz Counter tops.
Formal Dining Room with a view.
Newer Bamboo flooring, Formal Living room.
Beautifully landscaped Low maintenance Back yard with fruit trees and views.
Travertine at the Entry and around the fireplace.
Dual pane windows throughout.
Fluorescent lights under cabinets.
Low flush toilets.
Water saver shower heads in both Bathrooms.
Solid wood plantation shutters in bright and spacious Master Bedroom.
French drains, Copper piping, and copper wiring.
Switches and outlets upgraded.
Metal roof.
LED Can lights throughout.
Interior doors of solid pine.
Close to downtown Pleasanton.
Neighborhood Homes with character and surrounded by mature trees. Lots of parks.
Excellent Pleasanton schools – Valley View Elementary, PMS Middle School and Amador High School.

Call Meena Gujral at 925-425-9491 or for more information to see how you can save thousands of dollars when buying and selling through Help-U-Sell Achievers Realty.

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

My New Listing in Pleasanton – Open Sat & Sun 1-4 PM

762 Saint Michael Cir, Pleasanton  Front

762 Saint Michael Circle, Pleasanton, Ca. 94566

Open Saturday and Sunday 1-4 PM.

This beautiful highly upgraded Vintage Terrace townhome offers 4 bedrooms, 2.5 baths with 1,611 square feet of living space. Built in 1984.

Dual pane windows, Granite counters, cherrywood cabinets, Newer laminate floors, convection oven, microwave, family room, can ceiling lights, ceiling fans, Large walk in closet, copper plumbing, Large low maintenance yard, stamped patio, Fruit Trees. One car garage and one reserved parking space. HOA Dues 208 p/m. Excellent Pleasanton schools.

http://www.tourfactory.com/1550682/r_Wordpress

Call Meena Gujral at 925-425-9491 or for more information to see how you can save thousands of dollars when buying and selling through Help-U-Sell Achievers Realty.

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

March 2016 State of Market in Ruby Hill, Pleasanton

Active – As of April 1, 2016 there were 12 active properties ranging from $2,138,000 – $4,499,000.

Pending – 8 Properties ranging from $1,469,950 – $3,750,000

Sold/Closed in March, 2016 – 5 Properties $1,500,000-2,555,000.

94566 Zip Code Overview

The Median Listing Price in Ruby Hill is $2.6 M. Price per Square Foot is $447 and the Median Closing Price is $2.1M (as per Realtor.com)

The median home value in 94566 is $1,040,100. 94566 home values have gone up 9.5% over the past year and Zillow predicts they will rise 1.4% within the next year.

Ruby Hill Lake

2016 Is Off to a Good Start in Home Sales

We may be on the verge of spring, but housing and economic reports work on a bit of a lag time. We’ve only just gotten the major data reports for January, and it’s giving us a clear-eyed view of how the real estate market is measuring up this year.

And yeah, things are looking good.

Job creation—arguably the most important factor in housing demand—is moving apace. January saw 151,000 jobs created. That level of employment growth is below 2015’s monthly average, but unemployment is now near 10-year lows and is in line with the current macro forecast from the National Association of Realtors® (NAR). This level of employment growth should translate into the 3% growth in housing sales we are expecting for the year.

Speaking of sales, January’s existing home sales report did not disappoint. Even though sales are taking longer to close, due to the implementation of new disclosure and closing forms and procedures, the pace grew 0.4% in January from December. Granted, that’s not a lot, but analysts had been expecting a decline. And from January 2015 to January 2016, existing home sales grew a solidly impressive 11%

The increase in sales is resulting in continued tighter-than-tight supply—measured by NAR to be four months in January.  For you non-economists out there, that metric measures the number of months it would take to sell the current inventory of available homes, at the current pace. Got it? Six to seven months’ worth of homes on the market is considered normal; four months is cray-cray.

This is driving prices higher and encouraging consumers who hope to buy this year to get started as soon as possible.

January’s new home sales and new home construction remained consistent with the pace of activity of the last several months. Still, the level of new construction still represents solid year-over-year growth, especially in single-family homes. The most encouraging sign: The median price of new homes is finally declining, as a result of the fact that builders are offering more affordable homes.

Finally, the most timely readings we can pass on come from our own observations at realtor.com that confirm that demand is growing rapidly at the start of the year, resulting in an acceleration in inventory movement that we typically do not see until March or April.

OK, not everything is rainbows and unicorns. The biggest negative trend impacting potential demand relates to the January and February declines in stock values, which have taken a toll on consumer confidence. But, even that negative trend has a silver lining: Mortgage rates are now substantially lower. The average 30-year conforming rate has stabilized at under 3.7%, giving buyers almost 5% more buying power than they had at the end of 2015, and strengthening their ability to meet the debt-to-income ratio requirement for a loan.

Net-net, pent-up demand appears stronger than any weakness caused by the financial markets. And the lower rates are encouraging would-be buyers to act sooner rather than later. With this strong start, 2016 should indeed see growth, but the biggest constraint will be the tight supply. 

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.

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

 

 

February 2016 State of Market in Ruby Hill, Pleasanton

Active – As of March 1, 2016 there were 11 active properties ranging from $2,149,000 – $4,499,000.

Pending – 7 Properties ranging from $1,469,950 – $3,199,000

Sold/Closed February, 2016 – 1 Property $2,210,000.

94566 Zip Code Overview

The Median Listing Price in Ruby Hill is $2.6 M. Price per Square Foot is $454 and the Median Closing Price is $2.1M.

The median home value in 94566 is $1,044,200. 94566 home values have gone up 11.4% over the past year and Zillow predicts they will rise 2.1% within the next year.

U.S. housing prices are likely to rise 5 percent in 2016: Poll

Despite expectations of Federal Reserve interest rate hikes, U.S. home prices are likely to rise 5 percent this year, followed by nearly as solid gains in 2017, a Reuters poll found.

The Fed hiked interest rates for the first time in a decade in December but the housing market remained robust, with home resales reaching a six-month high in January.

In 2015, home prices also gained 5 percent, despite widespread expectations of a Fed interest rate rise, according to the S&P/Case Shiller composite index of prices in 20 metropolitan areas.

For 2016, the S&P/Case Shiller index was seen rising 5.0 percent, according to the median expectation in a poll of 24 analysts. That compared with the 4.0 percent forecast in December’s poll.

Nine of the 14 common contributors between the two polls upgraded their forecasts, two left them unchanged while the rest downgraded.

In 2017, home prices will rise 4.0 percent, followed by 3.5 percent in 2018, the poll suggested.

“The housing recovery is quite sustainable in the U.S. and should continue at a moderate rate through this year and next,” said Sal Guatieri, a senior economist at BMO Capital Markets.

“We just don’t see interest rates rising meaningfully to slow the markets that much. Mortgage rates are likely to remain low in even if the Fed raises interest rates slowly,” he added.

Sales of Existing U.S. Homes Rise to Second-Highest Since 2007

Sales of previously owned U.S. homes unexpectedly rose in January to the second-highest pace since early 2007, indicating the industry will keep prospering.

Closings, which usually take place a month or two after a contract is signed, advanced 0.4 percent to a 5.47 million annual rate, the National Association of Realtors reported Tuesday in Washington. Prices climbed from January 2015 as the number of dwellings on the market fell.

Near record-low mortgage rates, steady job gains and better wage growth are helping encourage prospective buyers, including first-time purchasers. Further strengthening in residential real estate will support the economy and make up for weakness in manufacturing tied to weaker global growth.

The January sales pace was the second-strongest since February 2007. The median forecast of economists surveyed by Bloomberg called for a 5.33 million annualized rate, with estimates ranging from 5.08 million to 5.55 million. December’s pace was revised to 5.45 million from an originally reported 5.46 million.

Compared with a year earlier, purchases increased 7.5 percent in January before adjusting for seasonal variations. 

 

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.

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

 

January 2016 State of Market in Ruby Hill, Pleasanton

January 2016 State of Market in Ruby Hill, Pleasanton

Active – As of February 5, 2016 there were 10 active properties ranging from $1,469,950 – $4,499,000.

Pending – 4 Properties ranging from $2,195,000 – $3,199,000

Sold/Closed January 1- February 5, 2016 – 1 Property ranging $2,000,000.

94566 Zip Code Overview

The median home value in 94566 is $1,040,800. 94566 home values have gone up 11.7% over the past year and Zillow predicts they will rise 2.9% within the next year.

December REALTOR® Market Pulse Survey**:

  • Nearly one in five homes (18 percent) closed above asking price in December, and 57 percent closed below asking price. One-fourth (25 percent) closed at asking price.
  • For the one in five homes that sold above asking price, the premium paid over asking price edged up to an average of 9.2 percent, up from November’s 8.9 percent but down from 11 percent in December 2014.
  • The 57 percent of homes that sold below asking price sold for an average of 13 percent below asking price in December, unchanged from November and a year ago.
  • About two-thirds (65 percent) of properties received multiple offers in December, indicating the market remains competitive. Sixty-one percent of properties received multiple offers in December 2014.
  • The average number of offers per property was 2.5 in December, down from 2.7 in November and 2.6 in December 2014.
  • With home prices leveling off in recent months, more sellers are adjusting their listing price to become more in line with buyers’ expectations. About one-third (30 percent) of properties had price reductions in December, down from 31 percent a year ago.
  • REALTOR® respondents reported that listing appointments remained stable, while floor calls and open house traffic were down, mostly due to seasonal factors.
  • When asked what REALTORS®’ biggest concerns are, one in four (25 percent) said thin housing supplies, while 20 percent indicated declining housing affordability, and 14 percent stated overinflated home prices.
  • REALTORS® were optimistic about next year’s housing market, with the vast majority (89 percent) expecting similar or better market conditions in 2016, the highest share since spring 2015.

December 2015 County Sales and Price Activity

December 2015 County Sales and Price Activity

 

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.

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

 

 

September 2015 State of Market in Ruby Hill, Pleasanton

Active – As of October 1, 2015 there were 15 active properties ranging from $1,350,000- $4,250,000.

Pending – 8 Properties ranging from $2,250,000-$5,748,000

Sold/Closed September 1-September 30, 2015 – 4 properties ranging from $1,290,000-$2,800,000

Pleasanton 94566 Overview

 The median sales price for homes in ZIP code 94566 for Jun 15 to Sep 15 was $1,025,000.Sales prices have appreciated 36.2% over the last 5 years in 94566, Pleasanton. The median sales price of $1,025,000 for 94566 is 11.26% higher than the median sales price for Pleasanton CA.

Average price per square foot for homes in 94566 was $487 in the most recent quarter, which is 2.31% higher than the average price per square foot for homes in Pleasanton.

REALTORS® Confidence Index

 Market activity broadly improved in August 2015 compared to a year ago.

  • Compared to July 2015, market activity seasonally slowed down.
  • Sustained job growth and low interest rates, with the 30-year fixed mortgage rate back to less than four percent in August, appear to be boosting demand. Meanwhile, tight inventory and rising home prices are moderating demand.
  • The confidence indices for current conditions and the six-month outlook for single-family, townhome, and condominium properties all increased compared to a year ago.
  • Tight inventories of available homes, decreasing affordability, continued tight mortgage availability, and slow/excessively conservative appraisals were the main issues reported by respondents.
  • Many respondents expressed concern that the new disclosure regulations that take effect on October 3 may delay closings, although nearly 90 percent of respondents reported taking measures to be ready for the implementation, such as attending seminars, coordinating with lenders, and revising model contracts in line with guidelines.S&P/Case-Shiller: July sees amazing annual home-price gains.“Prices of existing homes and housing overall are seeing strong growth and contributing to recent solid growth for the economy,” says David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “The S&P/Case Shiller National Home Price Index has risen at a 4% or higher annual rate since September 2012, well ahead of inflation. Most of the strength is focused on states west of the Mississippi.”
  • The three cities with the largest cumulative price increases since January 2000 are all in California: Los Angeles (138%), San Francisco (116%) and San Diego (115%). The two smallest gains since January 2000 are Detroit (3%) and Cleveland (10%).
  • U.S. National Home Price Index recorded a slightly higher year-over-year gain with a 4.7% annual increase in July 2015 versus a 4.5% increase in June 2015.

Amazing July Sales resized

 

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.helpusellachievers.com

“Dream of Homes, I get you there”

State of Ruby Hill Market for July 2015

Ruby Hill Lake

Here is the July 2015 State of Market in Ruby Hill, Pleasanton

Active – As of August 3rd, 2015 there were 19 active properties in Ruby Hill ranging from $1,399,950- $5,948,000.

Pending – 9 Properties ranging from $1,335,000-$5,399,000

Sold/Closed July 1- July 31, 2015 – 6 properties ranging from $2,062,500-$3,150,000

Pleasanton 94566 Overview

 

The median sales price for homes in ZIP code 94566 in Pleasanton from Apr 15 to Jul 15 was $1,060,000 based on 155 sales. Compared to the same period one year ago, the median sales price increased 17.8%, or $160,000, and the number of sales decreased 14.4%. Average price per square foot for homes in 94566 was $488, an increase of 11.4% compared to the same period last year.

The average listing price for homes for sale in 94566 was $1,516,593 for the week ending Jul 22, which represents a decrease of 4%, or $62,560, compared to the prior week.

REALTORS® Confidence Index

 

  • In June, REALTORS® were by and large “strongly confident” about the outlook over the next six months compared to a year ago, although confidence appears to have eased somewhat compared to May.
  • REALTORS® generally continued to report “strong” local market conditions in June  for single-family and townhome properties.
  • Sustained job creation at a pace of 220 thousand jobs per month in 2015, the reduction in the FHA’s annual mortgage insurance premium rates which took effect January 2015,4 and the acceptance of Fannie Mae and Freddie Mac of three percent down payment loans since early this year appear to be facilitating improved market confidence.June Pending Sales and Market Pulse SurveyCalifornia pending home sales were up 12.5 percent on an annual basis from the revised 107 index recorded in June 2014, marking the seventh straight month of year-to-year gains and the fifth straight month of double-digit advances.A shortage of available homes in the San Francisco Bay Area stifled pending sales in June, pushing the PHSI to 127.9, down 5.3 percent from 135.1 in May and down 0.9 percent from the 129.1 index recorded in June 2014.  Ruby Hill Resident and Home Ownermeenagujral@comcast.net”Dream of Homes, I get you there”
  • http://www.meena.realtor
  • 925-425-9491
  •  Meena Gujral – BRE#00950378
  • This information has been compiled from the CAR website, Redfin, MLS Data,Trulia, Zillow, Bay East Association of Realtors, Helpusellachievers.com and Realtor.com.

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