February 2017 State of Market in Ruby Hill, Pleasanton

Active – As of March 1st, 2017  there were 9 active properties ranging from $1,379,000-$3,398,000.

Pending – 6 Properties ranging from $1,379,888-$3,395,000

Total Closed in February – 5 Properties from $1,349,000-$3,770,000

Overview of Ruby Hill Real Estate

Median Listing Price $2.6 M

Price per Sq Ft $491

Median Closing Price $2.61 M

The median home value in 94566 is $1,071,100. 94566 home values have gone up 4.5% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in 94566 is $494. The median price of homes currently listed in 94566 is $1,039,000.Monthly market activity

New Reality? Buyers Face Fewer Choices

Daily Real Estate News | Thursday, February 23, 2017

Many markets are seeing so few new listings that they may not be able to meet the strong buyer demand heading into real estate’s traditionally busiest season. Listings are down more than 7 percent compared to a year ago across the country, according to the latest data by the National Association of REALTORS®.

Where Homes Are Selling the Fastest

Realtor.com® inventory data shows the following metro areas had listings that stayed on the market the shortest amount of time in January:

  • San Jose-Sunnyvale-Santa Clara, Calif.: 43 days
  • San Francisco-Oakland-Hayward, Calif.: 47 days
  • San Diego-Carlsbad, Calif.: 55 days
  • Seattle-Tacoma-Bellevue, Wash.: 57 days
  • Nashville-Davidson-Murfreesboro-Franklin, Tenn.: 58 days
  • Vallejo-Fairfield, Calif.: 58 days
  • Greeley, Colo.: 58 days

Source: National Association of REALTORS®

“Competition is likely to heat up even more heading into the spring for house hunters looking for homes in the lower- and mid-market price range,” says Lawrence Yun, NAR’s chief economist.

You paid How Much to sell your home

 

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

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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

 

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