Active – As of November 23, 2015 there were 6 active properties ranging from $1469,950-$3995,000.
Pending – 4 Properties ranging from $1469,950-$3995,000
Sold/Closed November 1-November 23, 2015 – During these dates in November there were no reported closings.
Ruby Hill Pleasanton Overview
The average home price in Ruby Hills is $2,599,999, which is 19.1% higher than the average sold price in Ruby Hills ($2,182,500) . The average home price per square foot in Ruby Hills is $448 and about 21% of all homes in Ruby Hills sold in the last 6 months.
Zillow predicts homes in the 94666 Zip Code will rise 2.6% within the next year.
One in Five Home Sellers Is Listing Now in Order to Pull Out a Profit
Here’s a sign that the housing market is approaching something that resembles normalcy: When asked why they’re selling their homes now, respondents to Redfin’s latest survey of 730 home sellers were more likely to cite typical life-cycle motivators like upgrading or downsizing than wanting to get another home under contract before a looming mortgage rate hike.
Last year, 59 percent of sellers cited buying another house before prices or interest rates rise as a top reason to sell. This October, just 16 percent of sellers listed that reason, reflecting the fact that interest rates remain at historically low levels and they have been low on buyers’ list of worries this year. Sellers’ most common answers were wanting a larger or nicer home (29%), relocating to a new city (27%) and wanting a smaller home (21%). This is a big change in sentiment from our October 2014 seller survey, when concern that mortgage rates and home prices would soon rise was home-sellers’ most common motivation.
After the aforementioned life-cycle drivers, sellers’ most common reason for listing now was to pull out the profit they’ve made on their home, with one in five sellers choosing that response. Home sellers in Denver reported using the money they made on homes they bought two to three years ago to pay for graduate school and start small businesses.
“Seller optimism is flying high right now,” Redfin chief economist Nela Richardson said. “But buyers are more grounded now and pricing a home too high is risky. More sellers are having to drop their initial asking price this fall than a year ago. ”
Sellers this year are more confident than last year that the market is in their favor. When asked to describe the current balance of power in the market, 60 percent of respondents said sellers had the power, up from 46 percent last year. Asked to predict where prices will go in 2016, 63 percent said up. Among respondents who are waiting to sell, 27 percent said they aren’t listing quite yet because they think home prices will rise more.
All this positivity is enticing sellers to list at higher prices.
“Many sellers are coming to the market with an expectation that their home will sell for the same amount their neighbor’s did three months ago, but that’s no longer an accurate reflection of the market,” said Boston Redfin agent Scott Driscoll. “Even more than normal for this time of year, I’m frequently reining in seller’s expectations, advising them to consider the very latest data on nearby sales and homebuyer demand.”
Sellers Have Concerns Too
It wasn’t all optimism from sellers last month. Respondents voiced general economic conditions discouraging buyers (32%), not finding another home they want (28%) and prices falling before their home sells (28%) as their most common concerns about selling.
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.
This information has been compiled from the CAR website, Redfin, 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
Achievers Realty 