Where Sellers and Buyers go for Real Estate
Living in Ruby Hill is so much fun. We just had a spring Mela at the Community Center and here is a Dandiya dance lesson the residents were given.
Would you like to live in our beautiful Community too? Call Meena Gujral (Ruby Hill Resident and Homeowner) at 925-425-9491
Meena Gujral
Realtor / Broker
Achievers Realty
BRE # 00950378
925-425-9491
Ruby Hill has events that are organized by the Community several times during each year. We recently had a spring Mela and here is a video of the residents learning the Garba Dance.
Are you looking to buy a home in our wonderful community? I would be happy to help you. I am a Ruby Hill Resident and Homeowner.
Meena Gujral
Realtor Broker
Achievers Realty
Ruby Hill Resident and Home owner
925-425-9491
BRE#00950378
Pending Home Sales Increase in March for Third Consecutive Month
Pending home sales in March continued their recent momentum, rising for the third straight month and remaining at their highest level since June 2013, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, climbed 1.1 percent to 108.6 in March from an upward revision of 107.4 in February and is now 11.1 percent above March 2014 (97.7). The index has now increased year-over-year for seven consecutive months and is at its highest level since June 2013 (109.4).
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.”
Active – As of March 1, 2015 there were 4 active properties in Ruby Hill ranging from $1,635,000- $5,948,000.
Pending – 7 Properties ranging from $1,499,000-$2,885,000
Sold/Closed February 1- February 28, 2015 – 4 listings ranging from $1,299,000 – $2,699,000
February 2014-2015 Market Statistics for Pleasanton.
Pleasanton 94566 Overview
The median sales price for homes in ZIP code 94566 in Pleasanton from Nov 14 to Feb 15 was $940,000 based on 77 sales. Compared to the same period one year ago, the median sales price increased 7.1%, or $62,500, and the number of sales decreased 18.9%. Average price per square foot for homes in 94566 was $450, an increase of 7.7% compared to the same period last year. The average listing price for homes for sale in 94566 was $1,536,038 for the week ending Feb 11, which represents an increase of 8.5%, or $120,639, compared to the prior week.
| 2015 Could Be the Biggest Year for Housing Since the Bust |
6.3% Growth in New Listings and Record-Setting Buyer Demand Indicate Strongest Start to the Housing Market in Six Years
More sellers are putting properties on the market. The number of homes listed for sale increased 6.3 percent in January from a year earlier. More homes went on the market in January than any other month since August 2013.
Fresno, California, saw stronger year-over-year price growth than any other market at 14.2%, along with higher sales and more new listings. The median sale price in Fresno was $211,200 in January
In San Jose, 63% of homes sold above list price; that number was 57% in San Francisco and 40% in Oakland. The average across all markets was 16%.
What is the biggest Obstacle keeping you from buying a home?
This information has been compiled from the CAR website, Redfin, MLS Data, Trulia, Zillow, Bay East Association of Realtors website and Realtor.com.
Meena Gujral – BRE#00950378
meena.gujral@comcast.net
http://www.meena.realtor
Here is the Current Properties Status in Ruby Hill
As of January 31, 2015 there were 6 active properties in Ruby Hill ranging from $2,850,000- $5,948,000.
Pending – 6 Properties ranging from $1,299,000-$2,850,000.
Sold/Closed January 1- January 31, 2014 – No properties closed in January.
Pleasanton 94566 Overview
The median sales price for homes in ZIP code 94566 for Oct 14 to Jan 15 was $968,000. This represents an increase of 5.8%, or $53,000, compared to the prior quarter and an increase of 10.2% compared to the prior year. Sales prices have appreciated 44.5% over the last 5 years in 94566, Pleasanton. The median sales price of $968,000 for 94566 is 16.63% higher than the median sales price for Pleasanton CA. Average listing price for homes on Trulia in ZIP code 94566 was $1,488,722 for the week ending Jan 28, which represents a decline of 2.6%, or $39,381 compared to the prior week and an increase of 2.4%, or $35,134, compared to the week ending Jan 07. Average price per square foot for homes in 94566 was $441 in the most recent quarter, which is 0.23% higher than the average price per square foot for homes in Pleasanton.
Homebuyer Demand Starts Strong in 2015
REALTORS® say improving economic conditions and buyer urgency point to better market in 2015 One consistent trend in housing is that prices fall every January. So what’s different this January? More people listed their homes for sale in December than in any other December since 2008. That led to a 4.8 percent year-over-year increase in total homes for sale heading into January. That much-needed inventory paired with strong buyer demand led to a solid increase in home prices in January compared with last year.
Additionally, with the specter of a better economy, greater job growth, and increasing household formation, C.A.R.’s new Market Pulse Survey found that many REALTORS® expect market conditions to improve in 2015, as does C.A.R But inventory in a few metro areas is critically low, which could really sink sales volume in those places unless we see a much-anticipated surge in new listings in the next few months.
In the hottest neighborhoods, the lack of inventory paired with high demand will put upward pressure on sales prices. But buyers will only act if there are enough homes to choose from at the right price, which means that the 2015 housing market hinges on sellers.
This information has been compiled from the CAR website, Redfin, MLS Data, Trulia, Zillow, Bay East Association of Realtors website and Realtor.com.
Meena Gujral – BRE#00950378
meenagujral@comcast.net
Here is the Current Properties Status in Ruby Hill
As of December 31, 2014 there were 8 active properties in Ruby Hill ranging from $1,399,000- $5,948,000.
Pending – 2 Properties ranging from $2,268,000-$2,699,000
Sold/Closed December 1- December 31, 2014 – 6 Properties ranging from $1,470,000-$2,620,000
Pleasanton 94566 Overview
The median sales price for homes in ZIP code 94566 for Sep 14 to Dec 14 was $952,500. This represents an increase of 4%, or $36,500, compared to the prior quarter and an increase of 9% compared to the prior year. Sales prices have appreciated 44% over the last 5 years in 94566, Pleasanton. Average listing price for homes on Trulia in ZIP code 94566 was $1,688,540 for the week ending Dec 17, which represents an increase of 6.3%, or $100,180 compared to the prior week and an increase of 8.5%, or $131,950, compared to the week ending Nov 26.
November 2014 Market Statistics for Pleasanton
California Pending home sales data: • California pending home sales dropped in November, with the Pending Home Sales Index (PHSI)* falling 13.4 percent from a revised 104.8 in October to 90.7 in November, based on signed contracts. The monthly decline was on par with the average October-to-November monthly change of -13.1 percent observed in the last six years.
This information has been compiled from the CAR website, MLS Data, Trulia, Zillow, Bay East Association of Realtors website and Realtor.com.
Meena Gujral – BRE#00950378
meena.gujral@comcast.net
Here is the October 2014 Properties Status in Ruby Hill
As of November 25th, 2014 there were 14 active properties in Ruby Hill ranging from $1,399,000- $5,948,000.
Pending – 4 Properties ranging from $1,439,000-$2,588,888.
Sold/Closed October 1- November 25, 2014 – 6 Properties ranging from $1,250,000-$2,675,000
Pleasanton 94566 Overview
The median sales price for homes in ZIP code 94566 in Pleasanton from Aug 14 to Nov 14 was $890,000 based on 115 sales. Average price per square foot for homes in 94566 was $447, an increase of 11.2% compared to the same period last year. The average listing price for homes for sale in 94566 was $1,483,748 for the week ending Nov 12, which represents a decrease of 3.1%, or $47,121, compared to the prior week.
Interesting Facts about Pleasanton (zip 94566), California
| As of 2014, Pleasanton (zip 94566)’s population is 41,006 people. Since 2000, it has had a population growth of 13.54 percent.Compared to the rest of the country, Pleasanton (zip 94566)’s cost of living is 132.40% Higher than the U.S. average.Pleasanton (zip 94566) public schools spend $11,249 per student. The average school expenditure in the U.S. is $12,435. There are about 20 students per teacher in Pleasanton (zip 94566).
The unemployment rate in Pleasanton (zip 94566) is 2.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Pleasanton (zip 94566) jobs have Increased by 0.70 percent. October home sales and price report Low mortgage rates fail to perk California home sales in October Bay Area continues to experience low inventory and strong price and sales growth |
“As we move into the off-peak home buying season, prospective buyers who may have delayed their purchase earlier in the year should take advantage of the current favorable market conditions and resume their home search,” said 2015 C.A.R. President Chris Kutzkey. “With home prices stabilizing and interest rates dropping back down to levels not seen since mid-last year, housing affordability should improve to benefit buyers.”
“While home sales essentially were unchanged statewide, there were pockets of strong sales growth, especially in coastal regions. The Bay Area, for example, continued to exhibit strong price gains, decent sales growth, and extremely low housing inventory,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “If current price and rate conditions persist, overall home sales should improve for the rest of the year.”
This information has been compiled from the CAR website, MLS Data, Trulia, Zillow, Bay East Association of Realtors website and Realtor.com.
Meena Gujral – BRE#00950378
meena.gujral@comcast.net
Here is the current Properties Status in Ruby Hill
As of October 3rd, 2014 there were 14 active properties in Ruby Hill ranging from $1,799,000- $5,948,000.
Pending – 4 Properties ranging from $1,999,999-$2,899,000.
Sold/Closed in September 2014 – 6 Properties ranging from $1,365,000-$2,075,000
Pleasanton 94566 Overview
The median home value in 94566 is $917,900. 94566 home values have gone up 1.1% over the past year and Zillow predicts they will fall -0.1% within the next year.
The median list price per square foot in 94566 is $430, which is higher than the Pleasanton average of $423. The median price of homes currently listed in 94566 is $1,049,000 while the median price of homes that sold is $886,950.
Days on Market (DOM) for the Pleasanton area year-to-date is around 25. As of the last day of July there were 75 active homes in Pleasanton. At current selling rates this means there is approximately 1 month of inventory in Pleasanton remaining.
Pleasanton Ranks #4 on 24/7 Wall Street’s List of America’s 50 Best Cities to Live In
Pleasanton, California ranked number four in a recent survey of America’s 50 Best Cities to Live In conducted by 24/7 Wall Street, a nationally recognized online website targeting investors and the business community. The list was profiled in an article in the Wednesday, September 17, 2014 edition of USA Today newspaper.
Education in Pleasanton garnered another high score, at 91%, and the survey narrative describes local students as “having access to a high-quality education, with secondary students performing well above the state average in math, language arts, and science last year.”
The website nerdwallet.com ranks Pleasanton Unified School District among the Top Ten School Districts in California, and both of the city’s comprehensive high schools consistently rank among the Top 100 High Schools in California by U.S. News and World Report.
Economic indicators were also factored into the formula to determine America’s 50 Best Cities to Live In, and Pleasanton ranked high in this category, with an 84.7. The median income in Pleasanton ($112,000) is among the highest in the country, and the unemployment rate in the city is just 3.7%, one of the lowest rates nationwide. Several large business parks, including Hacienda, the largest in Northern California, provide employment for more than 40,000 workers in the city.
The high employment is complemented by Pleasanton’s central location, at the axis of Interstates 580 and 680, and with two BART stations, giving it an average commuter travel time of 28.9 minutes.
This information has been compiled from the CAR website, MLS Data, Trulia, Zillow, Bay East Association of Realtors website and Realtor.com.
Meena Gujral
meena.gujral@comcast.net
http://www.helpusellachievers.com
BRE# 00950378
Here is the current Properties Status in Ruby Hill
As of October 3rd, 2014 there were 14 active properties in Ruby Hill ranging from $1,799,000- $5,948,000.
Pending – 4 Properties ranging from $1,999,999-$2,899,000.
Sold/Closed in September 2014 – 6 Properties ranging from $1,365,000-$2,075,000
Interesting Facts about Pleasanton (zip 94566), California
Pleasanton (zip 94566) public schools spend $11,249 per student. The average school expenditure in the U.S. is $12,435. There are about 20 students per teacher in Pleasanton (zip 94566).
The unemployment rate in Pleasanton (zip 94566) is 2.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Pleasanton (zip 94566) jobs have Increased by 0.70 percent.
Pleasanton 94566 Overview
The median home value in 94566 is $927,900. 94566 home values have gone up 3.2% over the past year and Zillow predicts they will rise 2.6% within the next year.
The median list price per square foot in 94566 is $427, which is higher than the Pleasanton average of $421. The median price of homes currently listed in 94566 is $975,000 while the median price of homes that sold is $916,200.
Days on Market (DOM) for the Pleasanton area year-to-date is around 25. As of the last day of July there were 87 active homes in Pleasanton. At current selling rates this means there is approximately 2 month of inventory in Pleasanton remaining.
Mortgage Rates
The 30-year, fixed-rate mortgage averaged 4.10% for the week ended Aug. 28, unchanged from a week ago, but down from 4.51% last year.
Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone. Yun says the deepest housing wounds suffered during the Great Recession are beginning to fully heal. “To put it in perspective, distressed sales represented an average of 36 percent of sales during all of 2009,” he said. “Fast-forward to today and rising home values are helping owners recover equity and strong job creation are assisting those who may have fallen behind on their mortgage due to unemployment or underemployment.”
This information has been compiled from the CAR website, MLS Data, Trulia, Zillow, Bay East Association of Realtors website and Realtor.com.
If you need any information about living in a beautiful Community like Ruby Hill, you can call Meena at 925-425-9491
Meena Gujral
meena.gujral@comcast.net
http://www.helpusellachievers.com
BRE# 00950378
As of July 31, 2014 there were 11 active properties in Ruby Hill ranging from $1,399,000-As $5,880,000.
Pending – 5 Properties ranging from $1,199,000-$2,099,000.
Sold/Closed in July 2014 – 8 Properties ranging from $1,287,000-$3,075,000
Interesting Facts about Pleasanton (zip 94566), California
As of 2014, Pleasanton (zip 94566)’s population is 41,006 people. Since 2000, it has had a population growth of 13.54 percent.
The median home cost in Pleasanton (zip 94566) is $826,500. Home appreciation the last year has been 22.40 percent.
Compared to the rest of the country, Pleasanton (zip 94566)’s cost of living is 132.40% Higher than the U.S. average.
Pleasanton 94566 Overview and Household income
The median home value in 94566 is $929,100. 94566 home values have gone up 4.5% over the past year and Zillow predicts they will rise 3.1% within the next year.
The median list price per square foot in 94566 is $421, which is higher than the Pleasanton average of $418. The median price of homes currently listed in 94566 is $989,000 while the median price of homes that sold is $915,000.
Days on Market (DOM) for the Pleasanton area year-to-date is around 24. As of the last day of June there were 81 active homes in Pleasanton. At current selling rates this means there is approximately 1 month of inventory in Pleasanton remaining.
Achievers Realty