Active – As of May 1, 2015 there were 13 active properties in Ruby Hill ranging from $1,949,000- $5,948,000.
Pending – 11 Properties ranging from $1,399,950-$2,985,995
Sold/Closed April 1- April 30, 2015 – 6 listings ranging from $1,700,000 – $2,500,000
Pleasanton 94566 Overview
The median home value in 94566 is $963,200. 94566 home values have gone up 6.5% over the past year and Zillow predicts they will rise 3.2% within the next year.
As per Trulia, Average price per square foot for homes in 94566 was $452, an increase of 5.4% compared to the same period last year. The average listing price for homes for sale in 94566 was $1,548,157 for the week ending Apr 22, which represents an increase of 3.2%, or $47,651, compared to the prior week.
Pleasanton-94566-1 year The Market Action Index was developed so that you can immediately know if it’s a Buyer’s or Seller’s market. 30+ indicates a Seller’s market.
Double-digit gain in annual pending home sales suggests market will continue its upswing coming months, C.A.R. reports
Pending sales in San Francisco Bay Area, Southern California, and Central Valley regions jump
LOS ANGELES (April 22) – California pending home sales jumped in March to record three straight month-to-month and year-to-year sales increases, portending a solid upcoming spring home-buying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Pending home sales in the San Francisco Bay Area, Southern California, and Central Valley regions also posted back-to-back, double-digit monthly gains compared to February.
- California pending home sales propelled higher in March, with the Pending Home Sales Index (PHSI)* increasing 16.3 percent from a revised 111.9 in February to 130.2, based on signed contracts. The month-to-month increase was essentially unchanged from the long-run average increase of 16.8 percent observed in the last seven years.
- Statewide pending home sales were up 13.8 percent on an annual basis from the 114.4 index recorded in March 2014. The yearly increase was the second largest since April 2009 and was the fourth consecutive annual gain.
- San Francisco Bay Area’s PHSI stood at 146.6 in March, up 17.4 percent from 124.8 in February and up 7.2 percent from 136.7 percent in March 2014.
Lawrence Yun, NAR chief economist, says contract signings picked up in March as more buyers than usual entered this year’s competitive spring market. “Demand appears to be stronger in several parts of the country, especially in metro areas that have seen solid job gains and firmer economic growth over the past year,” he said. “While contract activity being up convincingly compared to a year ago is certainly good news, the increased number of traditional buyers who appear to be replacing investors paying in cash is even better news1. It indicates this year’s activity is being driven by more long-term homeowners.”
Yun expects a gradual improvement in home sales in the months ahead but says insufficient supply and accelerating prices could be a drawback to sales reaching their full potential.
“Demand in many markets is far exceeding supply, and properties in March sold at a faster rate than any month since last summer2,” he said. “This in turn has pushed home prices to unhealthy levels — nearly four or more times above the pace of wage growth in some parts of the country. Simply put, housing inventory for new and existing homes needs to improve measurably to improve affordability.”
This information has been compiled from the CAR website, Redfin, MLS Data,Trulia, Zillow, Bay East Association of Realtors, Helpusellachievers.com and Realtor.com.
Meena Gujral – BRE#00950378
Ruby Hill Resident and Home Owner
925-425-9491
meenagujral@comcast.net
Achievers Realty 