July 2016 State of Market in Ruby Hill, Pleasanton

Active – As of July 31, 2016 there were 15 active properties ranging from $1,355,000-$4,188,888

Pending – 2 Properties ranging from $1,999,950-$2,158,000

Closed in July – 5 Properties ranging from $ $1,115,000-$2,250,000

Ruby Hill and 94566 Zip Code Overview

The Median Listing Price in Ruby Hill is $2.5 M. Price per Square Foot is $459 and the Median Closing Price is $2.2M (as per Realtor.com).

The median home value in 94566 is $1,036,700. 94566 home values have gone up 5.5% over the past year and Zillow predicts they will rise 0.2% within the next year.

California pending home sales post third straight annual increase in June

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LOS ANGELES (July 25) – Led by the San Francisco Bay Area, California pending home sales continued their upward momentum in June to post three straight months of annual increases, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

The California housing market remained very competitive, as C.A.R.’s June Market Pulse Survey** reflected a slight increase in sales with three or more offers over the previous year, particularly in homes priced $300,000-$399,000, which climbed from 8 percent in June 2015 to 18 percent this year.

  • Statewide pending home sales rose in June on an annual basis, with the Pending Home Sales Index (PHSI)* increasing 3.2 percent from 123.4 in June 2015 to 127.3 in June 2016, based on signed contracts. With pending sales on a rising trend in the past couple of months, June’s increase should portend for higher closed transactions in July and August.
  • California pending home sales declined 7.0 percent on a monthly basis compared to May, primarily due to seasonal factors. When adjusting pending sales for typical seasonal patterns, pending sales were down 3.2 percent from May and up 3.0 percent from June 2015.
  • After trailing behind Southern California and the Central Valley since the beginning of this year, the San Francisco Bay Area led the regions, with pending sales increasing on an annual basis across the state.
  • For the Bay Area as a whole, pending sales were up 5.1 percent from June 2015 and down 16.3 percent from May. The June increase in Bay Area pending sales suggests a brighter outlook for the region, which had been trailing behind 2015 in closed sales, primarily due to low affordability and tight inventory. An improvement in housing supply during recent months – especially in Alameda, San Francisco, San Mateo, and Santa Clara counties – should alleviate low housing stock in the upcoming months.

June REALTOR® Market Pulse Survey**:

In a separate study, California REALTORS® responding to C.A.R.’s June Market Pulse Survey reported slower growth in floor calls, listing appointments, and open house traffic, indicating slowing market activity. In a reflection of a slowing market, the proportion of homes selling above asking price declined in June.

  • After reaching an all-time high of 38 percent in May, the share of homes selling above asking price in June dropped to 35 percent, but was up from 33 percent a year ago. Conversely, the share of properties selling below asking price rose to 37 percent from 34 percent in May. The remainder (28 percent) sold at asking price.
  • For the homes that sold above asking price, the premium paid over asking price rose for the first time in three months to an average of 11 percent, up from 9.4 percent in May but was unchanged from a year ago.
  • The 37 percent of homes that sold below asking price sold for an average of 11 percent below asking price in June, which was up from 10 percent in May but unchanged from a year ago.
  • More than seven of 10 properties (72 percent) for sale received multiple offers in June, indicating the market remains competitive. Sixty-five percent of properties received multiple offers in June 2015.
  • The average number of offers per property dipped slightly to 3.0 in June, compared with 3.1 in May and 2.9 in June 2015. Nearly one-half (47 percent) of properties received three or more offers in June. Homes priced between 300,000-$399,000 and $500,000-$999,000 saw the greatest increase in three or more offers compared to a year ago.
  • More than one in five (22 percent) properties had price reductions in June, down from 23 percent in May. Twenty-one percent of properties had price reductions in June 2015.
  • Low inventory, declining housing affordability, and high home prices were the top concerns for about two-thirds (68 percent) of REALTORS®.
  • While still in positive territory, REALTORS®’ optimism of market conditions over the next year has been waning over the past few months, with the index decreasing to 52, down from 54 in May and 64 in June 2015.

 

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, Realtor.com, 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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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

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

Thinking about a refinance in Ruby Hill, Pleasanton California?

Though some mortgages turn out to be the lifetime commitment they seem to be at your closing, you may choose to refinance a new mortgage at a lower rate or for a different term in Ruby Hills Pleasanton. With the new money you borrow, you pay off the original mortgage.

You may want to refinance your mortgage for several reasons:

1. You can get a lower interest rate, which will reduce your monthly payment and often the overall cost of the mortgage.

2. You may want to consolidate outstanding debt, for example, by combining a first and second mortgage into a single new one.

3. You may want to reduce the term of your loan to build equity faster. While this may increase your monthly payment, it will dramatically reduce your total cost.

4. You may want to use the equity in your home for a major purchase, such as a child’s education. This is often called a cash-out refinance.

 

If you are looking for a Real Estate Agent to buy or sell a home or refinance in Ruby Hill Pleasanton Ca., Please call me at 510-279-9580.

 

For a list of Pleasanton Homes for sale, Real Estate listings, Ruby Hill homes for sale, go to http://www.helpusellachievers.com.

 

Please click on the real estate blog for Meena’s Pleasanton Blog

 

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