Real Estate Agent in Pleasanton

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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Perfect for investor or 1st time Buyer in Pleasanton

3287 Pueblo Way, Pleasanton, Ca Listed for $439,000

  • Perfect for first time home buyer or investor.
  • 2 br/1 bath 884 sq foot with 2 space Carport. Built in the year 1976.
  • Rarely available townhouse – very desirable single level end unit townhouse with only one shared wall with neighbor.  in highly sought after Las Positas Gardens neighborhood.
  • Granite counter top, stainless steel sink, Gas Stove and newer appliances in kitchen.
  • 9 foot ceiling in living room
  • Tiled bathroom..
  • Ceiling fans
  • Two Covered parking spots.
  • Private patio with storage.
  • Close to 580 freeway, school, shopping, restaurants, bus, bike to BART.
  • Top rated Pleasanton schools. Low HOA Dues $270 p/m.

Call Meena Gujral at 925-425-9491 or for more information to see how you can save thousands of dollars when buying and selling through Help-U-Sell Achievers Realty.

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

 

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

 

November 2015 State of Market in Ruby Hill, Pleasanton

Active – As of November 23, 2015 there were 6 active properties ranging from $1469,950-$3995,000.

Pending – 4 Properties ranging from $1469,950-$3995,000

Sold/Closed November 1-November 23, 2015 – During these dates in November there were no reported closings.

Ruby Hill Pleasanton Overview  

The average home price in Ruby Hills is $2,599,999, which is 19.1% higher than the average sold price in Ruby Hills ($2,182,500) . The average home price per square foot in Ruby Hills is $448 and about 21% of all homes in Ruby Hills sold in the last 6 months.

Zillow predicts homes in the 94666 Zip Code will rise 2.6% within the next year.

One in Five Home Sellers Is Listing Now in Order to Pull Out a Profit

Here’s a sign that the housing market is approaching something that resembles normalcy: When asked why they’re selling their homes now, respondents to Redfin’s latest survey of 730 home sellers were more likely to cite typical life-cycle motivators like upgrading or downsizing than wanting to get another home under contract before a looming mortgage rate hike.

Last year, 59 percent of sellers cited buying another house before prices or interest rates rise as a top reason to sell. This October, just 16 percent of sellers listed that reason, reflecting the fact that interest rates remain at historically low levels and they have been low on buyers’ list of worries this year. Sellers’ most common answers were wanting a larger or nicer home (29%), relocating to a new city (27%) and wanting a smaller home (21%). This is a big change in sentiment from our October 2014 seller survey, when concern that mortgage rates and home prices would soon rise was home-sellers’ most common motivation.

After the aforementioned life-cycle drivers, sellers’ most common reason for listing now was to pull out the profit they’ve made on their home, with one in five sellers choosing that response. Home sellers in Denver reported using the money they made on homes they bought two to three years ago to pay for graduate school and start small businesses.

“Seller optimism is flying high right now,” Redfin chief economist Nela Richardson said. “But buyers are more grounded now and pricing a home too high is risky. More sellers are having to drop their initial asking price this fall than a year ago. ”

Sellers this year are more confident than last year that the market is in their favor. When asked to describe the current balance of power in the market, 60 percent of respondents said sellers had the power, up from 46 percent last year. Asked to predict where prices will go in 2016, 63 percent said up. Among respondents who are waiting to sell, 27 percent said they aren’t listing quite yet because they think home prices will rise more.

All this positivity is enticing sellers to list at higher prices.

“Many sellers are coming to the market with an expectation that their home will sell for the same amount their neighbor’s did three months ago, but that’s no longer an accurate reflection of the market,” said Boston Redfin agent Scott Driscoll. “Even more than normal for this time of year, I’m frequently reining in seller’s expectations, advising them to consider the very latest data on nearby sales and homebuyer demand.”

Reasons for selling Resized

Sellers Have Concerns Too

It wasn’t all optimism from sellers last month. Respondents voiced general economic conditions discouraging buyers (32%), not finding another home they want (28%) and prices falling before their home sells (28%) as their most common concerns about selling.

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, 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

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.

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

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