San Ramon Real Estate Market Improving

By John | Published: August 4, 2008

San Ramon home prices seem to indicate that this local real estate market may be settling down.

According to the latest figures released for June, San Ramon housing prices are showing the smallest decline over any other community in Contra Costa County.

County/City/Area	# Sold	June 2008	June 2007	% Chg Yr-to-Yr
Contra Costa County	1,418	$375,000	$597,000	-37.19%
ALAMO	12	$1,340,000	$1,480,000	-9.46%
ANTIOCH	217	$283,500	$447,000	-36.58%
BRENTWOOD	118	$387,000	$538,500	-28.13%
CLAYTON	24	$549,000	$657,500	-16.50%
CONCORD	136	$310,500	$480,000	-35.31%
CROCKETT	2	$403,500	$507,500	-20.49%
DANVILLE	64	$965,000	$1,024,500	-5.81%
LAFAYETTE	30	$923,750	$1,147,500	-19.50%
MARTINEZ	37	$415,000	$499,250	-16.88%
ORINDA	21	$1,145,000	$1,200,000	-4.58%
PITTSBURG	133	$269,000	$455,000	-40.88%
PLEASANT HILL	31	$475,000	$615,000	-22.76%
SAN RAMON	111	$800,000	$815,750	-1.93%
WALNUT CREEK	89	$580,000	$629,000	-7.79%

Looking at the MLS Active (blue) vs. Pending (green) chart for the last year (Aug. 1, 2007 to Aug. 1, 2008), we see San Ramon market activity being less volatile than some of the surrounding communities.

San Ramon real estate is going to be affected by foreclosure activity for another 18 months. The next 8 to 10 months will have more impact on overall market pricing. The other big factor will be Windermere in the Dougherty Valley area. We could see more aggressive pricing and incentives in this area.

With interest rates climbing and expected to return to the 7% to 8% range in the next year or so, now is the time to buy. Expected decreases in home prices will not offset expected hikes in interest rate.

We continue to be very bullish on the neighborhood between Montevideo and Pine Valley. The higher conforming loan limits mean these homes can generally be financed at 1 to 1.5 points below the jumbo loan rate.

Contact Craig (925) 984-4910 for more information on San Ramon homes for sale.

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County/City/Area	# Sold	June 2008	June 2007	% Chg Yr-to-Yr
Contra Costa County	1,418	$375,000	$597,000	-37.19%
ALAMO	12	$1,340,000	$1,480,000	-9.46%
ANTIOCH	217	$283,500	$447,000	-36.58%
BRENTWOOD	118	$387,000	$538,500	-28.13%
CLAYTON	24	$549,000	$657,500	-16.50%
CONCORD	136	$310,500	$480,000	-35.31%
CROCKETT	2	$403,500	$507,500	-20.49%
DANVILLE	64	$965,000	$1,024,500	-5.81%
LAFAYETTE	30	$923,750	$1,147,500	-19.50%
MARTINEZ	37	$415,000	$499,250	-16.88%
ORINDA	21	$1,145,000	$1,200,000	-4.58%
PITTSBURG	133	$269,000	$455,000	-40.88%
PLEASANT HILL	31	$475,000	$615,000	-22.76%
SAN RAMON	111	$800,000	$815,750	-1.93%
WALNUT CREEK	89	$580,000	$629,000	-7.79%