Ruby Hill Pleasanton Market Update October 2011

The Ruby Hill neighborhood of Pleasanton remained busy over the past six months, with 29 closed sales, just a little more than the 24 recorded in the previous six month period.  There are an additional nine sales pending and 20 active listings.

The average asking price for the 20 active listings is $2,130,194 or $367 per square foot.  The homes have been listed for an average of 153 days.  One home on Via DI Salerno has been listed for nearly three years.  Even without that home, the other 19 have been on the market for 108 days, on average.  One of the homes listed on Via Di Salerno is a short sale and one on Germano Way is REO.

The five pending sales are listed for an average price of $1,857,444 or $355 per square foot.  They have been on the market for 114 days, on average.  Five of these properties are short sales.

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

The sales price for the 29 closed sales was $1,570,959 or $352 per square foot.  They were listed for an average of 60 days and sold for about 95% of the asking price.  That percentage is a little bit higher than what we have seen here for the past couple of years, where homes have been selling for 90% to 93% of the asking price.  3863 Antonini Way and 3739 Raboli Street  were both short sales and 3458 Torlano Place was 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.