Ruby Hill Pleasanton Market Update January 2012

The second half of 2011 in the Ruby Hill neighborhood of Pleasanton was pretty normal.  24 sales closed during the period, compared to 24 during the first half of the year and 26 during the second half of 2010.  There were 50 closed sales during 2011, compared to 59 closed in 2010.  An additional six sales are pending and there are 12 active listings.

The average price of the 12 active listings is $2,556,385 or $373 per square foot.  The homes have been on the market for an average of 278 days.  Three of the homes are distressed (short sale or REO).

The six pending sales carry an average asking price of $2,012,000 or $371 per square foot.  They have been listed for 66 days, on average.  Three of the six are distressed.

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

The average sales price for the 24 closed sales was $1,475,805 or $343 per square foot.  The homes were listed for an average of 90 days and sold for 95% of the asking price.  Four of the homes (17%) were distressed.

2011 sales were remarkably similar to those in 2010.  The 50 closed sales during 2011 had an average sales price of $1,644,330 or $33 per square foot.  The 59 closed sales in 201 had an average sales price of $1,587,757 or $335 per square foot.

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.