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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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

 

State of Ruby Hill June 2014

Here are the current Pending Properties in Ruby Hill

As of  June 30, 2014 there were 11 active properties in Ruby Hill ranging from $1,895,000-$5,880,000.

Pending sales in Ruby Hill

Pending-8 Properties ranging from $1,250,000-$2,615,000.

Sold in June 2014 – 5 Properties ranging from $1,175,000-$2,280,000

Pleasanton Overview

94566 home values have gone up 5.8% over the past year and Zillow predicts they will rise 4.5% within the next year. The median list price per square foot in 94566 is $424, which is higher than the Pleasanton average of $413.

Days on Market (DOM) for the Pleasanton area year-to-date is around 23. The median detached home price in Pleasanton for May was $953,000 As of the last day of May there were 78 active homes in Pleasanton. At current selling rates this means there is approximately 2 months of inventory in Pleasanton remaining.

 

Sales in Pleasanton 2013-2014

 

Consumer Confidence Improves in May

The Conference Board Consumer Confidence Index, which had decreased in April, improved moderately in May, and now stands at 83 (1985=100), up from 81.7 in April. The Present Situation Index increased to 80.4 from 78.5, while the Expectations Index edged up to 84.8 from 83.9 in April.

Mortgage Rates Fall to Lower Point Than 12 Months Ago (Mortgage Rates June 26th news By: Rachel Stults)

Fixed mortgage rates across the United States are lower than at this time last year. The average rate on a 30-year fixed mortgage dropped to 4.14% from 4.17% last week, according to the latest survey from mortgage buyer Freddie Mac. At this time last year, the average was 4.46%.

             Housing Income Levels in the 94566 Zip Code

      Demographics in Pleasanton

 

 

You can reach Meena at 925-425-9491

meena.gujral@comcast.net

Sell your Home For a LOW SET FEE

http://www.helpusellachievers.com

BRE# 00950378

 

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

 

 

 

 

 

 

Are the Pleasnton schools better than Dublin? Can I send my child to the better school?

School kid

Dublin and Pleasanton both have good schools, but if you are looking for the better of the two, based on the Great Schools score, Pleasanton is better than Dublin.


Follow the link below to see the comparison of two of the best schools in Pleasanton and Dublin.
http://www.greatschools.net/cgi-bin/cs_compare/ca/?level=e&a…

If you live in Dublin, you cannot send your child to Pleasanton unless you qualify for an inter district transfer and not all schools allow that. You need to check with the school district.

 If you are looking for Pleasanton homes for sale, Homes for sale in Dublin Ca., or a real estate agent specializing in the East Bay, please call Meena Gujral at 510-279-9580.

 

Homes sold and listed by Meena in Pleasanton

 

http://www.helpusellachievers.com

 

To see all my virtual tours click:

Meena’s Virtual Tours

Is it the right time to buy a home in Ruby Hill, Pleasanton, California?

Ruby Hill home

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

April Housing statistics in Pleasanton California

HUS

As per the Bay East Association of Realtors, days on Market (DOM) for the Pleasanton area year-to-date is around 97. The median single family home price in Pleasanton for April was $665,000. As of the last day of April there were 230 active homes in Pleasanton. At current selling rates this means there is approximately 6 months of inventory in Pleasanton remaining.

Homes sold and listed by Meena in Pleasanton

http://www.helpusellachievers.com

Statistics for home sales in Pleasanton in February 2009

As per information gathered from the Bay East Association of realtors, Days on Market (DOM) for the Pleasanton area year-to-date is around 120. The median single family home price in Pleasanton for February was $752,107. As of the last day of February there were 231 active homes in Pleasanton. At current selling rates this means there is approximately 9 months of inventory in Pleasanton remaining.

http://www.helpusellachievers.com

Is it a good time to buy in Ruby Hill, Pleasanton?

 

Happy family

Many people still aren’t sure if homeownership is feasible. Prices, interest rates, mortgage lenders and market speculation are just a few of the things that are cause for concern among those looking to buy a home.

 

This recent downturn is allowing the California real estate market to correct itself to more affordable levels. Real estate especially in Ruby Hill Pleasanton, California should be seen as a minimum five- to seven-year investment in order to give your home time to gain equity. With that average in mind, real estate is a solid investment.

 

But beyond investment and tax benefits is the security and enjoyment a new home can bring in an exclusive area with pristine estate homes built around the Ruby Hill Golf Course.

 

The truth is homeownership is within grasp of more prospective new buyers looking in Ruby Hill, Pleasanton in today’s new home market with prices at their lowest levels since 2004, and relatively low interest rates make real estate investment a very good idea right now.

 

How long is this “Buyers Market” going to last? No one can actually predict, however the typical cycle in real estate starts to change when inventory shrinks below demand, driving up prices.

 

If you are looking for Pleasanton homes for sale, Homes for sale in Ruby Hill Pleasanton Ca., or a real estate agent specializing in Ruby Hill, please call Meena Gujral at

510-279-9580. 

 

Homes sold and listed by Meena in Pleasanton

 

http://www.helpusellachievers.com

 

 

 

 

 

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.