March 2017 State of Market in Ruby Hill, Pleasanton

Active – As of March 31st, 2017  there were 9 active properties ranging from $1,379,000-$3,749,000.

Pending – 5 Properties ranging from $1,379,888-$2,399,000

Total Closed in March – 5 Properties from $1,936,000-$3,150,000

Overview of Ruby Hill Real Estate

Median Listing Price $2.4 M

Price per Sq Ft $497

Median Closing Price $2.3 M

The median home value in 94566 is $1,077,400. 94566 home values have gone up 4.7% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in 94566 is $495. The median price of homes currently listed in 94566 is $1,198,000

Ruby Hill Real Estate Market Trends Resized

Pending Home Sales Leap 5.5% in February

WASHINGTON (March 29, 2017) — Pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade, according to the National Association of Realtors®. All major regions saw a notable hike in contract activity last month

Lawrence Yun, NAR chief economist, says February’s convincing bump in pending sales is proof that demand is rising with spring on the doorstep. “Buyers came back in force last month as a modest, seasonal uptick in listings were enough to fuel an increase in contract signings throughout the country,” he said. “The stock market’s continued rise and steady hiring in most markets is spurring significant interest in buying, as well as the expectation from some households that delaying their home search may mean paying higher interest rates later this year.”

Added Yun, “Last month being the warmest February in decades also played a role in kick-starting prospective buyers’ house hunt.”

Looking ahead to the busy spring months, Yun expects to see continued ebbs and flows in activity as new supply struggles to replace listings that are going under contract at a very quick pace. This is especially the case at the lower- and mid-market price ranges, where choices are minimal and prices are being bid higher by multiple offers.

“The homes most buyers are in the market for are unfortunately the most difficult to find and ultimately buy,” said Yun. “The country’s healthy labor market is translating to greater job security, but affordability is not improving because home prices in some areas are still outpacing incomes by three times or more because of tight supply. How much new and existing inventory there is on the market this spring will determine if sales can reach their full potential and finally start reversing the nation’s low homeownership rate.”

Existing-home sales are forecast to be around 5.57 million this year, an increase of 2.3 percent from 2016 (5.45 million). The national median existing-home price this year is expected to increase around 4 percent. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.

The index in the West increased 3.1 percent in February to 97.5, but is still 0.2 percent higher than a year ago.

If you need to know more about Ruby Hill Real Estate, 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, Meena Gujral can save you Thousands in commission.

You paid How Much to sell your home

This information has been compiled from the CAR, NAR website, Realtor.com, Redfin, 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

September 2016 State of Market in Ruby Hill, Pleasanton

Active – As of October 1, 2016 there were 13 active properties ranging from $1,352,000-$3,888,888.

Pending – 8 Properties ranging from $1,460,000-$2,850,000

Closed in September – 3 Properties from $1,445,000-$1,757,500

C.A.R. releases its 2017 California Housing Market Forecast

Home sales expected to edge up slightly in 2017, while prices post slowest gain in six years

LOS ANGELES (Sept. 29) – Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity, according to the “2017 California Housing Market Forecast,” released today by CAR.

The C.A.R. forecast sees a modest increase in existing home sales of 1.4 percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold. Sales in 2016 also will be virtually flat at 407,300 existing, single-family home sales, compared with the 408,800 pace of homes sold in 2015.

“Next year, California’s housing market will be driven by tight housing supplies and the lowest housing affordability in six years,” said C.A.R. President Pat “Ziggy” Zicarelli. “The market will experience regional differences, with more affordable areas, such as the Inland Empire and Central Valley, outperforming the urban coastal centers, where high home prices and a limited availability of homes on the market will hamper sales. As a result, the Southern California and Central Valley regions will see moderate sales increases, while the San Francisco Bay Area will experience a decline as home buyers migrate to peripheral cities with more affordable options.”

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.2 percent in 2017, after a projected gain of 1.5 percent in 2016. With California’s nonfarm job growth at 1.6 percent, down from a projected 2.3 percent in 2016, the state’s unemployment rate will reach 5.3 percent in 2017, compared with 5.5 percent in 2016 and 6.2 percent in 2015.

The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.0 percent in 2017, up from 3.6 percent in 2016, but will still remain at historically low levels.

The California median home price is forecast to increase 4.3 percent to $525,600 in 2017, following a projected 6.2 percent increase in 2016 to $503,900, representing the slowest rate of price appreciation in six years.

“With the California economy continuing to outperform the nation, the demand for housing will remain robust even with supply and affordability constraints still very much in evidence. The net result will be California’s housing market posting a modest increase in 2017,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “The underlying fundamentals continue to support overall home sales growth, but headwinds, such as global economic uncertainty and deteriorating housing affordability, will temper stronger sales 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. If you are looking to sell, I can save you Thousands $$$$ in commission

You paid How Much to sell your home

This information has been compiled from the CAR, NAR website, Realtor.com, Redfin, 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

Home sales in Pleasanton California, Ruby Hill Pleasanton statistics.

Sold
As per the Bay East Association of Realtors, Days on Market (DOM) for the Pleasanton area year-to-date is around 75. The median detached home price in Pleasanton for February was $745,000. As of the last day of February there were 116 active homes in Pleasanton. At current selling rates this means there is approximately 3 months of inventory in Pleasanton remaining. By the way, if you haven’t signed up to receive your free list of homes for sale in Ruby Hill, you can do that here: List of Homes For Sale
Active Pending Sold Months Supply
Feb 09 231 23 16 9.2
Mar 09 246 45 24 7.9
Apr 09 230 64 29 5.6
May 09 223 73 45 4.4
Jun 09 207 59 62 3.4
Jul 09 180 78 57 2.6
Aug 09 163 70 62 2.3
Sep 09 142 59 64 2.1
Oct 09 121 51 43 1.9
Nov 09 104 45 39 1.8
Dec 09 99 35 44 2.1
Jan 10 94 51 34 2.1
Feb 10 116 48 31 2.6

Ruby Hill Statistics:

As of April 6, 2010, there were 25 active listings in Ruby Hill Pleasanton in the price range of $969,000-8,888,868.  Two of them were short sales and the rest were regular sales.

There were 16 Pending listings in the price range of $1,030,000-3,750,000. Six of these were short sales and two were foreclosure properties.

For borrowers that have stable incomes, good credit history, and FICO scores of at least 620, now is an opportune time to purchase a home in spite of the market challenges they may have to overcome.

  • Although home prices have stopped declining in most East Bay areas, and even have risen in some markets like Pleasanton, Dublin, San Ramon and Fremont, mortgage rates may rise, offsetting any potential savings in price. The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) projects rates on 30-year fixed-rate mortgages to average 5.6 percent this year.
  • The high end of the market didn’t experience the same price appreciation as the low end. Home prices in this segment have not declined as steeply as homes in the mid- to low-end of the market either.  Many sellers in the high end who do not have to sell their homes are choosing to wait until home prices rise before putting their homes on the market.
  • Another challenge the high end market is facing is with buyers qualifying for financing.  Many lenders are requiring borrowers to provide proof of income, such as W-2s and recent paystubs, as well as demonstrate their ability to meet the monthly mortgage obligation.

If you are looking to sell a home in Pleasanton, California, or sell a short sale property, call Meena Gujral at Help-U-Sell Achievers Realty 510-279-9580 to see how you can save thousands of dollars by selling your home for a low set fee or go to:

http://www.helpusellachievers.com

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Five Canyons Homes Blog

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