Julie Lauer

Market Update for January 1-31, 2010.

Actives: 21 detached. Median LP: $2,199,000.

Pendings: 10 detached. Median LP: $1,949,000.

Solds: 2 detached. Median LP: $1,167,500. Median SP: $1,069,000.

Ruby Hill takes its name from the vineyards and winery built on the site in the 1800's. Ruby Hill is a distinguished gated golf course community of 800 luxury homes with a private character. Nestled in the rolling hills of the Livermore Valley wine country, it combines high standards of homebuilding with a premier golf club, community sports park and acres of vineyards. The first Jack Nicklaus-designed golf course in Northern California is the cornerstone of the Ruby Hill Golf Club.

Most of Ruby Hill's residents live in custom homes built on homesites with views of the fairways, vineyards or surrounding countryside. The neighborhoods of Premia and Ascona, built by Signature Properties, offer semi-custom luxury homes.

Only 40 minutes from San Francisco, Ruby Hill offers its residents a secluded location that enjoys convenient access to the greater Bay Area. Geographically, the historic Livermore Valley is linked to four distinct areas: the valley communities which immediately surround it, the Santa Clara Valley, the Peninsula and the San Francisco metropolitan region. Served by Interstates 580, 680 and Highway 84, and tied closely to major employment centers with Bay Area Rapid Transit stations, Ruby Hill is private without being remote.

To see homes for sale in Pleasanton CA visit Pleasanton Real Estate.

Market Update for January 1-31, 2010.

Actives: 21 detached. Median LP: $2,199,000.

Pendings: 10 detached. Median LP: $1,949,000.

Solds: 2 detached. Median LP: $1,167,500. Median SP: $1,069,000.

Ruby Hill takes its name from the vineyards and winery built on the site in the 1800's. Ruby Hill is a distinguished gated golf course community of 800 luxury homes with a private character. Nestled in the rolling hills of the Livermore Valley wine country, it combines high standards of homebuilding with a premier golf club, community sports park and acres of vineyards. The first Jack Nicklaus-designed golf course in Northern California is the cornerstone of the Ruby Hill Golf Club.

Most of Ruby Hill's residents live in custom homes built on homesites with views of the fairways, vineyards or surrounding countryside. The neighborhoods of Premia and Ascona, built by Signature Properties, offer semi-custom luxury homes.

Only 40 minutes from San Francisco, Ruby Hill offers its residents a secluded location that enjoys convenient access to the greater Bay Area. Geographically, the historic Livermore Valley is linked to four distinct areas: the valley communities which immediately surround it, the Santa Clara Valley, the Peninsula and the San Francisco metropolitan region. Served by Interstates 580, 680 and Highway 84, and tied closely to major employment centers with Bay Area Rapid Transit stations, Ruby Hill is private without being remote.

To see homes for sale in Pleasanton CA visit Pleasanton Real Estate.

Avoid Foreclosure

If you need help with a short sale and finding a rental we are listing homes to short sale and seeing approvals in 90 days on homes with one loan and less than 10% loss to banks. On losses higher than 20% to banks and multiple bank loans approvals can take 6 mo or more. We have contacts with loss mitigation and can negotiate that banks pay all commissions and you pay nothing and walk away with a charge off on your credit. The longer you wait the more chance there is the banks won't approve and you may face foreclosure which is 7-10 yr impact on credit.

The low end of the housing market has definitely taken off. There is increased demand for foreclosure properties compared to only a few months ago. In some places prices have fallen more than 50% from the market peak in 2005.

I'm writing purchase contracts on homes priced at $250,000 and below in the Bay Area that have anywhere from 5 to as many as 21 offers! Cash is still king, but banks are looking for the highest net to the seller regardless.

I've said this before but it bears repeating: the ratio of pending sales to actives is more important than the number of active listings. Pendings determine how many months of unsold inventory is on the market.

In Pleasanton, CA there were 35 pending sales in March 2008. In contrast, there were just 7 homes pending in the same city in February 2008. This is a sign that the market is starting to move.