Ruby Hill Pleasanton Market Update August 2012

There was a big jump in activity this year in the Ruby Hill neighborhood of Pleasanton.  32 sales closed during the past six months, compared to 19 during the previous six month period and 27 during this same period a year ago.  Nine additional sales are pending and 18 properties are actively listed.  The number of distressed properties (short sale or REO) continued to drop in Ruby Hill.  Only two of the active listings are distressed, while none of the pending sales are.  In addition, only five of the 32 closed sales in the past six months (16%) we distressed.  Three months ago, 39% the closed sales in the prior six months were distressed.

The 18 active listings have an average asking price of $2,862,438 or $411 per square foot.  The homes have been available for an average of 116 days.  The average days on the market is heavily skewed by two properties that have been on the market for over 400 days and three others that have been available for over 140 days.

The average list price of the nine pending sales is $1,893,889 or $380 per square foot.  The homes have been on the market for 50 days, on average.

The following table shows all active listings and pending sales in Ruby Hill.

The average sales price of the 32 closed sales during the past six months was $1,734,188 or $339 per square foot.  That price was about 95% of the average list price.  These homes were on the market for an average of only 39 days.

The following table shows 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.