Ruby Hill Pleasanton Market Update March 2011

The Ruby Hill neighborhood in Pleasanton saw 26 sales of single family homes close in the past six months, right about the activity level in the neighborhood for the past couple of years. Even he holiday period saw steady activity. An additional 9 sales are pending and there are 11 active listings, indicating that there is still strong demand in Ruby Hill for homes that have strong appeal and are priced realistically.

11 active listings are a bit low for Ruby Hill, where there normally are 20 or more. The active listings are priced at $2,138,091, on average, or $379 per square foot. On average, these homes have been listed for 158 days. Three of the active listings are short sales.

The 9 pending sales have been on the market for an average of 135 days, at an average asking price of $2,599,989 or $370 per square foot. The home on Via Di Salerno is an REO and the Anotonini Way property is a short sale.

Here is a table of all active listings and pending sales in Ruby Hill.

The 26 homes that closed sales in the past six months sold for 90% of their asking price. While below what we are seeing in the rest of the Tri-Valley (95%+), that is consistent with sales in Ruby Hill over the past couple of years. The average sales price of the recent closings was $1,762,338 or $330 per square foot. These homes were on the market for an average of 119 days. Six of the closed sales were either short sales or REO.

Here is a table of the closed sales in the past six months.

A private gated community on the eastern flank of Pleasanton, this luxury golf course development features exceptional homes and estates surrounded by the rolling hills and vineyards of the Livermore Valley. There are semi-custom homes and over 500 custom homes within Ruby Hills. Many have golf course views. The homes feature some of the finest builders in Northern California, and boast a wide range of amenities and design elements. From Formal Italian to Country French to Craftsman, you will find every style and concept reflected in exquisite homes and estates.