May 2016 State of Market in Ruby Hill, Pleasanton

Active – As of May 31, 2016 there were 15 active properties ranging from $1,398,000 – $4,188,888.

Pending – 8 Properties ranging from $1,150,000 – $2,999,999

Sold/Closed in May, 2016 – 6 Properties $1,515,000 – $3,450,000

94566 Zip Code Overview

The Median Listing Price in Ruby Hill is $2.5 M. Price per Square Foot is $485 and the Median Closing Price is $2.2M (as per Realtor.com)

The median home value in 94566 is $1,053,500. 94566 home values have gone up 8.2% over the past year and Zillow predicts they will rise 0.7% within the next year.

April California pending home sales trend higher but inventory concerns remain

LOS ANGELES (May 23) – Led by the Central Valley, California statewide pending home sales reversed a three-month decline and posted higher in April, but a persistent shortage of homes for sale may dampen the upcoming spring homebuying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said.

C.A.R.’s April Market Pulse Survey** also reflected a slowdown in market activity with a decrease in floor calls, open house traffic, and listing appointments/client presentations, likely due to the tight inventory and low affordability conditions constraining the California housing market.

Pending home sales data:

  • Statewide pending home sales rose in April on an annual basis, with the Pending Home Sales Index (PHSI)* increasing 4.1 percent from 135.9 in April 2015 to 141.6 in April 2016, based on signed contracts. April’s annual increase was the strongest thus far this year, and the PHSI is now at its highest level since March 2012.
  • California pending home sales also rose on a monthly basis more than is typical for April, which average 1.3 percent between 2008 and 2015. The PHSI increased 4.5 percent from an index of 135.4 in March. When adjusting pending sales for typical seasonal patterns, pending sales actually increased 9 percent from March. Despite the uptick, inventory concerns remain as statewide listings are 4.2 percent below where they were a year ago.
  • At the regional level, pending sales were up on an annual basis in all major regions of the state, with the Central Valley Region’s index reaching an all-time high, thanks to its high affordability and ample inventory.
  • For the Bay Area as a whole, pending sales were down 5.1 percent from March and up 1.6 percent from April 2015. Within the core areas of the Bay Area, including San Francisco and Santa Clara counties, pending sales actually saw an increase over last year of 9.4 percent and 15.8 percent, respectively.
  • The pending sales index in Central Valley posted an increase of 35.3 percent from March and 2 percent from April 2015.

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

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State of Ruby Hills Pleasanton in October 2015

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

Active – As of October 26, 2015 there were 13 active properties ranging from $1,295,000- $4,250,000.

Pending – 5 Properties ranging from $2,250,000-$5,399,000

Sold/Closed October 1- October 26, 2015 – 4 properties ranging from $2,349,000-5,948,000

Ruby Hill Pleasanton Overview  

The average home price in Ruby Hills is $2,588,000, which is 17% higher than the average sold price in Ruby Hills ($2,212,500) . The average home price per square foot in Ruby Hills is $446 and about 22% of all homes in Ruby Hills sold in the last 6 months. (Realtor.com)

Zillow predicts homes in the zip code 94566 will rise 4.0% within the next year.

Lifestyle for Ruby Hill Pleasanton

Lifestyle for Ruby Hill Pleasanton resized

California housing market won’t slow down in 2016

California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast.”

  • The C.A.R. forecast sees an increase in existing home sales of 6.3 percent next year to reach 433,000 units, up from the projected 2015 sales figure of 407,500 homes sold.
  • Sales in 2015 also will be up 6.3 percent from the 383,300 existing, single-family homes sold in 2014.
  • C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.7 percent in 2016, after a projected gain of 2.4 percent in 2015.
  • The state’s unemployment rate should decrease to 5.5 percent in 2016 from 6.3 percent in 2015 and 7.5 percent in 2014.
  • The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at historically low levels.
  • The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300.  This is the slowest rate of price appreciation in five years.

C.A.R. Vice President and Chief Economist Leslie Appleton-Young commented, “The foundation for California’s housing market remains strong, with moderating home prices, signs of credit easing, and the state continuing to lead the nation in economic and job growth.”

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 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

Looking to sell your Home? Call Meena to save Thousands

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

 

State of Ruby Hill Pleasanton in April 2015

Active – As of May 1, 2015 there were 13 active properties in Ruby Hill ranging from $1,949,000- $5,948,000.

Pending – 11 Properties ranging from $1,399,950-$2,985,995

Sold/Closed April 1- April 30, 2015 – 6 listings ranging from $1,700,000 – $2,500,000

Pending home sales in April - May 2015

Pleasanton 94566 Overview

 The median home value in 94566 is $963,200. 94566 home values have gone up 6.5% over the past year and Zillow predicts they will rise 3.2% within the next year.

As per Trulia, Average price per square foot for homes in 94566 was $452, an increase of 5.4% compared to the same period last year. The average listing price for homes for sale in 94566 was $1,548,157 for the week ending Apr 22, which represents an increase of 3.2%, or $47,651, compared to the prior week.

Inventory Pending and Units Sold

Pleasanton-94566-1 year The Market Action Index was developed so that you can immediately know if it’s a Buyer’s or Seller’s market. 30+ indicates a Seller’s market.

Median MAI for 94566 Big

Double-digit gain in annual pending home sales suggests market will continue its upswing coming months, C.A.R. reports

Pending sales in San Francisco Bay Area, Southern California, and Central Valley regions jump

LOS ANGELES (April 22) – California pending home sales jumped in March to record three straight month-to-month and year-to-year sales increases, portending a solid upcoming spring home-buying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Pending home sales in the San Francisco Bay Area, Southern California, and Central Valley regions also posted back-to-back, double-digit monthly gains compared to February.

  • California pending home sales propelled higher in March, with the Pending Home Sales Index (PHSI)* increasing 16.3 percent from a revised 111.9 in February to 130.2, based on signed contracts.  The month-to-month increase was essentially unchanged from the long-run average increase of 16.8 percent observed in the last seven years.
  • Statewide pending home sales were up 13.8 percent on an annual basis from the 114.4 index recorded in March 2014.  The yearly increase was the second largest since April 2009 and was the fourth consecutive annual gain.
  • San Francisco Bay Area’s PHSI stood at 146.6 in March, up 17.4 percent from 124.8 in February and up 7.2 percent from 136.7 percent in March 2014.

Lawrence Yun, NAR chief economist, says contract signings picked up in March as more buyers than usual entered this year’s competitive spring market. “Demand appears to be stronger in several parts of the country, especially in metro areas that have seen solid job gains and firmer economic growth over the past year,” he said. “While contract activity being up convincingly compared to a year ago is certainly good news, the increased number of traditional buyers who appear to be replacing investors paying in cash is even better news1. It indicates this year’s activity is being driven by more long-term homeowners.”

Yun expects a gradual improvement in home sales in the months ahead but says insufficient supply and accelerating prices could be a drawback to sales reaching their full potential.

“Demand in many markets is far exceeding supply, and properties in March sold at a faster rate than any month since last summer2,” he said. “This in turn has pushed home prices to unhealthy levels — nearly four or more times above the pace of wage growth in some parts of the country. Simply put, housing inventory for new and existing homes needs to improve measurably to improve affordability.”

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.meena.realtor

State of Ruby Hill September 2014

Here is the current Properties Status in Ruby Hill

As of October 3rd, 2014 there were 14 active properties in Ruby Hill ranging from $1,799,000- $5,948,000.

Pending – 4 Properties ranging from $1,999,999-$2,899,000.

Sold/Closed in September 2014 – 6 Properties ranging from $1,365,000-$2,075,000

Pending sales Graph for October

Pleasanton 94566 Overview

The median home value in 94566 is $917,900. 94566 home values have gone up 1.1% over the past year and Zillow predicts they will fall -0.1% within the next year.

The median list price per square foot in 94566 is $430, which is higher than the Pleasanton average of $423. The median price of homes currently listed in 94566 is $1,049,000 while the median price of homes that sold is $886,950.

Days on Market (DOM) for the Pleasanton area year-to-date is around 25. As of the last day of July there were 75 active homes in Pleasanton. At current selling rates this means there is approximately 1 month of inventory in Pleasanton remaining.

Summary September

Pleasanton Ranks #4 on 24/7 Wall Street’s List of America’s 50 Best Cities to Live In

Pleasanton, California ranked number four in a recent survey of America’s 50 Best Cities to Live In conducted by 24/7 Wall Street, a nationally recognized online website targeting investors and the business community. The list was profiled in an article in the Wednesday, September 17, 2014 edition of USA Today newspaper.

Education in Pleasanton garnered another high score, at 91%, and the survey narrative describes local students as “having access to a high-quality education, with secondary students performing well above the state average in math, language arts, and science last year.”

The website nerdwallet.com ranks Pleasanton Unified School District among the Top Ten School Districts in California, and both of the city’s comprehensive high schools consistently rank among the Top 100 High Schools in California by U.S. News and World Report.

Economic indicators were also factored into the formula to determine America’s 50 Best Cities to Live In, and Pleasanton ranked high in this category, with an 84.7. The median income in Pleasanton ($112,000) is among the highest in the country, and the unemployment rate in the city is just 3.7%, one of the lowest rates nationwide. Several large business parks, including Hacienda, the largest in Northern California, provide employment for more than 40,000 workers in the city.

The high employment is complemented by Pleasanton’s central location, at the axis of Interstates 580 and 680, and with two BART stations, giving it an average commuter travel time of 28.9 minutes.

 

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

 

Meena Gujral

meena.gujral@comcast.net

http://www.helpusellachievers.com

BRE# 00950378

State of Ruby Hill July, 2014

Pending Homes in July Graph

 

As of July 31, 2014 there were 11 active properties in Ruby Hill ranging from $1,399,000-As $5,880,000.

Pending – 5 Properties ranging from $1,199,000-$2,099,000.

Sold/Closed in July 2014 – 8 Properties ranging from $1,287,000-$3,075,000

 

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.

The median home cost in Pleasanton (zip 94566) is $826,500. Home appreciation the last year has been 22.40 percent.

Compared to the rest of the country, Pleasanton (zip 94566)’s cost of living is 132.40% Higher than the U.S. average.

 

 Household Income

Pleasanton 94566 Overview and Household income

The median home value in 94566 is $929,100. 94566 home values have gone up 4.5% over the past year and Zillow predicts they will rise 3.1% within the next year.

The median list price per square foot in 94566 is $421, which is higher than the Pleasanton average of $418. The median price of homes currently listed in 94566 is $989,000 while the median price of homes that sold is $915,000.

Days on Market (DOM) for the Pleasanton area year-to-date is around 24. As of the last day of June there were 81 active homes in Pleasanton. At current selling rates this means there is approximately 1 month of inventory in Pleasanton   remaining.

Summary For July