December 2016 and January 2017 State of Market in Ruby Hill, Pleasanton

Active – As of February 3, 2017  there were 8 active properties ranging from $1,394,000-$3,400,000.

Pending – 6 Properties ranging from $1,349,000-$3,395,000

Total Closed in December and January – 8 Properties from $1,350,000-$3,300,000

Overview of Ruby Hill and zip code 94566 Real Estate

Median Listing Price $2.6 M

Price per Sq Ft $480

Median Closing Price $1.9M

The median home value in 94566 is $1,065,200. 94566 home values have gone up 4.7% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in 94566 is $497. The median price of homes currently listed in 94566 is $1,025,000.

Existing-Home Sales Slide in December; 2016 Sales Best Since 2006

WASHINGTON (January 24, 2017) — Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors®.

Total existing-home sales which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, finished 2016 at 5.45 million sales and surpassed 2015 (5.25 million) as the highest since 2006 (6.48 million).

In December, existing sales decreased 2.8 percent to a seasonally adjusted annual rate of 5.49 million in December from an upwardly revised 5.65 million in November. With last month’s slide, sales are only 0.7 percent higher than a year ago.

Lawrence Yun, NAR chief economist, says the housing market’s best year since the Great Recession ended on a healthy but somewhat softer note. “Solid job creation throughout 2016 and exceptionally low mortgage rates translated into a good year for the housing market,” he said. “However, higher mortgage rates and home prices combined with record low inventory levels stunted sales in much of the country in December.”

Properties typically stayed on the market for 52 days in December, up from 43 days in November but down from a year ago (58 days). Short sales were on the market the longest at a median of 97 days in December, while foreclosures sold in 53 days and non-distressed homes took 50 days. Thirty-seven percent of homes sold in December were on the market for less than a month.

Inventory data from Realtor.com® reveals that the metropolitan statistical areas where listings stayed on the market the shortest amount of time in December were San Jose-Sunnyvale-Santa Clara, Calif., 49 days; San Francisco-Oakland-Hayward, Calif., and Nashville-Davidson-Murfreesboro-Franklin, Tenn., 50 days; and Billings, Mont., and Hanford-Corcoran, Calif., both at 51 days.

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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.

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

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