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

 

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

To see my Real Estate Blogs click:

Mission San Jose Fremont Blog

Five Canyons Homes Blog

Castro Valley Homes Blog