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San Ramon is Good for Business
Director of Economic Development saysSan Ramon is Good for Business – Large & Small Marc Fontes, the Director of Economic [...]
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Central San Ramon Real Estate
San Ramon CA Homes for Sale – 2011 Year Data San Ramon CA home sales data for “central,” “old” San [...]
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2011 Home Sales Review – Crow Canyon Country Club
Crow Canyon Home Prices – Danville CA Real Estate 2011 Year Data Danville CA home sales data for Crow Canyon [...]
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Mayor Bill Clarkson Speaks with San Ramon Real Estate Team
Bishop Ranch Jobs & Home Values San Ramon CA Mayor, Bill Clarkson, talks with the Harper Team about the new [...]
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LinkedIn Networks Ablaze with G.E. Jobs
Job Sites and LinkedIn Networks all a’TwitterGeneral Electric’s 400 New Jobs in San Ramon CA San Ramon CA has something [...]
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East Bay Real Estate Market January 2009
The State of Real Estate in East Bay Communities
January 2009 – Average inventory is down 7% to 4.27 compared to 4.59 in November.
Since June, the start of the foreclosures and short sales transaction boom that accounted for up to 40% of the overall sales the average numbers has been fairly steady, under 5.0 months inventory. The highest in 2008 was January at 10.33 months. The highest in 2007 was September at 14.40 months.
During normal times 4.27 months of inventory would be a seller's market, but with this unusual foreclosure market, the normal bench marks no longer apply. Once the market stabilizes with most of the foreclosures and short sales behind us the months of inventory figures will again have meaning to compare with past normal markets.
A balanced market in normal times is around 5.0 months. NAR considers 6.0 months a balanced market.
Months of Inventory in East Bay Communities
Percentage of Homes Sold with Price Reductions
San Francisco Bay Area Foreclosure Activity
As you can see from the graphs below, foreclosure activity has resumed. We noted in November 2007 the drop in California foreclosures was an illusion, caused by the implementation of CA State Senate Bill 1137.
Our FREE In-Depth Market reports are available for most communities in Contra Costa & Alameda counties- updated weekly, breaking data down by zip code and price point.
Contact Paul for more information 925-963-4246