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 $$$$$

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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

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