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 $$$$$

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

 

April 2016 State of Market in Ruby Hill, Pleasanton

You paid How Much to sell your home

 Active – As of May 2nd, 2016 there were  active properties ranging from $1,469,000 – $4,188,888.

Pending – 7 Properties ranging from $1,150,000 – $3,750,000

Sold/Closed in April, 2016 – 5 Properties $1,430,000 – $2,900,000.

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 $2.1M (as per Realtor.com)

The median home value in 94566 is $1,055,700. 94566 home values have gone up 9.7% over the past year and Zillow predicts they will rise 2.0% within the next year.

March pending home sales and Market Pulse Survey

High demand and thin housing supply crimp March California pending home sales

LOS ANGELES (April 25) – Statewide pending home sales in California decreased in March on an annual basis for the third straight month, reflecting high demand for a dearth of homes available for sale on the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Pending home sales data:

  • Statewide pending home sales fell in March on an annual basis, with the Pending Home Sales Index (PHSI)* decreasing 1.7 percent from 138.0 in March 2015 to 135.6 in March 2016, based on signed contracts.
  • On a monthly basis, California pending home sales rose from February, primarily due to seasonal factors. The PHSI increased 12.7 percent from an index of 120.3 in February to 135.6 in March. When adjusting pending sales for typical seasonal patterns, pending sales actually declined 1 percent from February. Tight inventories are expected to continue to impede home sales growth this year.
  • At the regional level, pending sales were down on an annual basis in all major regions of the state, with the San Francisco Bay Area experiencing the largest contraction at 3.7 percent. All major regions experienced double-digit, month-to-month increases in pending sales.
  • 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 8.6 percent and 11.6 percent, respectively.

Realtors Confidence Index

The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. In addition, the “Questions of the Month,” feature results of a timely aspect of the housing market.

Highlights:

  • Market conditions vary across local markets, but the REALTORS® confidence and traffic indices indicate that overall market activity picked up slightly in March 2016 compared to one year ago.
  • REALTORS® reported strong demand, but severely low inventory in many states has weighed heavily on sales and has pushed prices up, making homes increasingly unaffordable, especially for first-time buyers.
  • There are reports that the TILA/RESPA disclosure guidelines have led to longer rate lock and escrow periods.
  • Very low supply, steep price increases, and lender processing delays were reported as the key issues affecting sales, especially to first-time homebuyers. 

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 $$$$$

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

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

State of Ruby Hill June 2014

Here are the current Pending Properties in Ruby Hill

As of  June 30, 2014 there were 11 active properties in Ruby Hill ranging from $1,895,000-$5,880,000.

Pending sales in Ruby Hill

Pending-8 Properties ranging from $1,250,000-$2,615,000.

Sold in June 2014 – 5 Properties ranging from $1,175,000-$2,280,000

Pleasanton Overview

94566 home values have gone up 5.8% over the past year and Zillow predicts they will rise 4.5% within the next year. The median list price per square foot in 94566 is $424, which is higher than the Pleasanton average of $413.

Days on Market (DOM) for the Pleasanton area year-to-date is around 23. The median detached home price in Pleasanton for May was $953,000 As of the last day of May there were 78 active homes in Pleasanton. At current selling rates this means there is approximately 2 months of inventory in Pleasanton remaining.

 

Sales in Pleasanton 2013-2014

 

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.

Mortgage Rates Fall to Lower Point Than 12 Months Ago (Mortgage Rates June 26th news By: Rachel Stults)

Fixed mortgage rates across the United States are lower than at this time last year. The average rate on a 30-year fixed mortgage dropped to 4.14% from 4.17% last week, according to the latest survey from mortgage buyer Freddie Mac. At this time last year, the average was 4.46%.

             Housing Income Levels in the 94566 Zip Code

      Demographics in Pleasanton

 

 

You can reach Meena at 925-425-9491

meena.gujral@comcast.net

Sell your Home For a LOW SET FEE

http://www.helpusellachievers.com

BRE# 00950378

 

This information has been compiled from the MLS Data, Bay East Association of Realtors website, Zillow, Movoto, Realtor.com and the CAR website.

 

 

 

 

 

 

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.

Ruby Hill Pleasanton Market

The State of Pleasanton Market
Submitted by Meena Gujral, Ruby Hill Resident, Broker, Help-U-Sell Achievers Realty 925-425-9491
Ruby Hill Market:
Here are the most recent Sold Properties since April 2014

 

Address Sales Price SqFt Lot SqFt $/SqFt
526 MONTORI CT $1,283,000 2806 12,880 $457
1934 NICOSIA CT $1,390,000 3447 8,626 $403
1300 SAFRENO WAY $1,731,500 3892 14,992 $445
3187 E Ruby Hill Dr. $1,681,875 3754 31,171 $448
2482 POMINO WAY $1,815,000 4090 20,601 $444
2792 SPOTORNO CT $1,900,000 4600 38,050 $413
3067 BERSANO CT $2,345,000 5495 32,570 $427
1660 Orvieto Ct $2,388,000 5800 22,000 $412
4168 W RUBY HILL DR $2,685,000 5278 23,874 $509
3654 PONTINA CT $2,600,000 7472 20,146 $348

 

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.

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

Pleasanton homes activity in July, 2009

Ruby Hill homeAs per the Bay East Association of Realtors, Days on Market (DOM) for the Pleasanton area year-to-date is around 83. The median single family home price in Pleasanton for July was $688,000. As of the last day of July there were 180 active homes in Pleasanton. At current selling rates this means there is approximately 3 months of inventory in Pleasanton remaining.

To see all the homes I have sold in Pleasanton please click on:

http://www.helpusellachievers.com/About_Pleasanton_and_Livermore/page_2051090.html

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

To see all my virtual tours in the East Bay area please click:

http://tours.tourfactory.com/results.asp?u=22865&home=achieversrealty.helpusell.com&m=1&p=1

Meena Gujral

Help-U-Sell Achievers Realty

40083 Mission Blvd, Fremont, Ca. 94539

510-279-9580

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