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

 

April 2016 State of Market in Ruby Hill, Pleasanton

You paid How Much to sell your home

 Active – As of May 2nd, 2016 there were  active properties ranging from $1,469,000 – $4,188,888.

Pending – 7 Properties ranging from $1,150,000 – $3,750,000

Sold/Closed in April, 2016 – 5 Properties $1,430,000 – $2,900,000.

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 $2.1M (as per Realtor.com)

The median home value in 94566 is $1,055,700. 94566 home values have gone up 9.7% over the past year and Zillow predicts they will rise 2.0% within the next year.

March pending home sales and Market Pulse Survey

High demand and thin housing supply crimp March California pending home sales

LOS ANGELES (April 25) – Statewide pending home sales in California decreased in March on an annual basis for the third straight month, reflecting high demand for a dearth of homes available for sale on the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Pending home sales data:

  • Statewide pending home sales fell in March on an annual basis, with the Pending Home Sales Index (PHSI)* decreasing 1.7 percent from 138.0 in March 2015 to 135.6 in March 2016, based on signed contracts.
  • On a monthly basis, California pending home sales rose from February, primarily due to seasonal factors. The PHSI increased 12.7 percent from an index of 120.3 in February to 135.6 in March. When adjusting pending sales for typical seasonal patterns, pending sales actually declined 1 percent from February. Tight inventories are expected to continue to impede home sales growth this year.
  • At the regional level, pending sales were down on an annual basis in all major regions of the state, with the San Francisco Bay Area experiencing the largest contraction at 3.7 percent. All major regions experienced double-digit, month-to-month increases in pending sales.
  • 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 8.6 percent and 11.6 percent, respectively.

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.

Highlights:

  • Market conditions vary across local markets, but the REALTORS® confidence and traffic indices indicate that overall market activity picked up slightly in March 2016 compared to one year ago.
  • REALTORS® reported strong demand, but severely low inventory in many states has weighed heavily on sales and has pushed prices up, making homes increasingly unaffordable, especially for first-time buyers.
  • There are reports that the TILA/RESPA disclosure guidelines have led to longer rate lock and escrow periods.
  • Very low supply, steep price increases, and lender processing delays were reported as the key issues affecting sales, especially to first-time homebuyers. 

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 $$$$$

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

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

Try to price my home above market for a few weeks in Ruby Hill, Pleasanton, CA?

Overpricing your home will attract fewer potential buyers and may cause it to sit on the market for longer than desired. To a buyer, too much time on the market indicates an overpriced property that is perceived as an opportunity to negotiate a price lower than the market might typically bear.

Pricing your home competitively at the start will create more activity among brokers and buyers and will decrease the time it takes to sell.

State of Ruby Hill-May 2014

The State of the Ruby Hill Market

Summary analysis

As of June 1, 2014 there were 13 active properties in Ruby Hill on the market ranging from $1,897,000-$5,880,000.
There were 9 Pending properties ranging from $1,185,000-$2,499,000.
Pleasanton Overview
Days on Market (DOM) for the Pleasanton area year-to-date is around 23. As of the last day of April there were 74 active homes in Pleasanton. At current selling rates this means there is approximately 2 months of inventory in Pleasanton remaining.
The median home value in 94566 is $912,500. 94566 home values have gone up 7.7% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in 94566 is $428, which is higher than the Pleasanton average of $419. The median price of homes currently listed in 94566 is $1,049,000 while the median price of homes that sold is $1,036,050.
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.

You can reach Meena at 925-425-9491:
meena.gujral@comcast.net Sellers Save Thousands in Commission
http://www.helpusellachievers.com
BRE# 00950378

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

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

Top 10 Reasons to buy a home in Ruby Hill, Pleasanton today

1. Selection, Selection, Selection in Ruby Hills, Pleasanton

Regardless of the price range a buyer desires, there are plenty of houses from which to choose.  A few years ago a buyer was forced to make   compromises if they were going to locate the home of their dreams. Now there is a great selection of attached homes, condos, townhouses and you can find large lots, small lots and a lot that will accommodate your boat or RV.  There are a lot of options in this market.

2. No Bidding Wars

Previously there was a feeding frenzy and buyers bid the properties up substantially from the original listing price. Buyers had their agents outbid other offers by thousands of dollars.  There is no competitive bidding in this buyer’s market.

3. You Can Make an Offer

Today the sell price vs. list price ration is about 96%.  A seller will not be insulted if you make them an offer they can’t refuse. Your Real Estate Agent can run the comparables and negotiate the best offer possible.

4. Patience is tolerated

Today a buyer can take more time. They can look at several homes and think about their decision for a few hours or days in Ruby Hill, Pleasanton.

5. Due Diligence is Welcomed

In this market, a buyer is encouraged to obtain a home inspection, termite inspection and appraisal.  A couple of years ago, many buyers waived these contingencies in order to gain an advantage with multiple offers.

6. Repair Requests are welcomed

After a buyer completes a home inspection, they are allowed to submit a repair request to the seller.  In the past, sellers might insist the home was sold as is.  Many times, there were back-up buyers waiting for a primary buyer to upset the seller whose home was increasing in value almost daily.

7. Few, if any Investors

It is estimated that one-third of all sales in 2005 were to investors.  These non-owner occupied buyers caused the market to inflate and affordability to decline.  Mortgage fraud became commonplace.  Now it’s a great time to buy without having to compete with hundreds of prospective landlords.

8. Location, Location, Location – Ruby Hill Pleasanton

Today’s buyers can find homes closer to work. Ruby Hill is very central, close to hwy 84 and 680.  In the past, buyers flocked to the outskirts in order to find affordable homes.  In this market, reasonably priced homes are within biking or walking distance to schools, bus and relatives.

9. Real financing is Available

The wink-wink zero down, no doc, adjustable, sub-prime loans are gone.  Fixed rates are back. FHA financing, first-time homeowner bond programs, special loans for teachers and police officers are back in business.

It’s a Great Time to Buy Real Estate!

10. Our Cash at Closing Program where we credit the buyers 1% back provides an incentive for buyers to buy any MLS listing on the market through Help-U-Sell Achievers Realty (call for restrictions). Plus you save money over most ordinary real estate companies. If you are thinking of buying or selling…call me and I will go thru the numbers with you.

 

For a list of Pleasanton Homes for sale, Real Estate listings, California Real Estate go to http://www.helpusellachievers.com or contact Meena at 510-279-9580

To see the real estate blog click Meena’s Pleasanton Blog

 

Click here to see Meena’s Virtual Tours

 

Meena Gujral

Help-U-Sell Achievers Realty

Fremont, Ca 94539

510-279-9580

925-425-9491

http://www.helpusellachievers.com