San Ramon Home Sales in 2012
General Electric’s New Software Center’s Impact
The chart below shows San Ramon CA home sales from 2008 through estimated sales for 2011 and projected sales for 2012 based on the California Association of Realtor’s projection of a 1% increase in home sales for 2012.
| Total | Detached | Condos/TH | 94582 | 94583 | |
| 2008 | 779 | 567 | 212 | 439 | 336 |
| 2009 | 961 | 631 | 330 | 526 | 431 |
| 2010 | 988 | 661 | 327 | 576 | 408 |
| 2011 (estimate) | 980 | 655 | 325 | 570 | 375 |
| 2012 (projected) | 990 |
How will GE’s new software center in San Ramon affect home sales in San Ramon for 2012?
GE expects to open the software center in Bishop Ranch in mid 2012 with an initial workforce of about 100 to 150. If 50 employees purchase homes in San Ramon CA, that will represent an additional 5% increase in San Ramon home sales for 2012. With an average sales price of $610,000 that would amount to over $30 million in increased home sales for San Ramon in 2012.
Homesellers in San Ramon that are thinking of selling their homes in 2012 will need to start preparing their homes for sale in February or March to ensure that their home is on the market by mid April. Buyers will be looking to get their families moved and settled by mid summer if possible.
Currently, with the low inventory of homes for sale in San Ramon, we are seeing multiple offers on market priced hones. The average List Price to Sold Price ratio for homes sold this year in San Ramon is around 94%. If home inventory does not increase dramatically to meet the increased demand for homes by GE employees, we would expect the ratio to be above 100%.
What’s the best strategy for San Ramon homesellers in 2012? As usual, it depends on the sellers motivation and timeline. Selling early in the Spring may bring a quick sale, but the supply and demand pressures may not be at their maximum until mid year. Targeting a May/June home sale may bring a quick sale and a sales price at 100% or more of asking price. End of the summer home sales may still be clicking along with sold prices at 105% to 110% of asking price.
You can bet that the big home builders in the area are preparing their marketing campaigns, right now, to get out in front of 2012 home buyers and move as much of their new inventory as they can. Dublin & Danville will see increased home sales, too, as a result of the new jobs in San Ramon.
San Ramon homesellers are in the best position to benefit from this influx of new jobs in Bishop Ranch. It’s anybody’s guess on how the final numbers will work out, but history continues to bear witness to the dynamics of supply and demand – right now there is little supply and the demand for homes in San Ramon CA is going to increase in 2012.
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(all data current as of
5/17/2012)
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$639,950 : 117 BALTUSROL PL, SAN RAMON4 beds, 3 full baths
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$499,000 : 2402 AMARYLLIS CIR, SAN RAMON3 beds, 2 full, 1 part baths
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$785,000 : 504 FALLEN LEAF CIRCLE, SAN RAMON4 beds, 3 full baths
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$1,879,000 : 415 CRANLEIGH CT, SAN RAMON6 beds, 6 full, 1 part baths
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$1,115,000 : 7837 KENNARD LN, SAN RAMON5 beds, 4 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
©2012 Bay East. ©2012 CCAR. ©2012 EBRD. All rights reserved. Information deemed reliable but not guaranteed. This information is provided from three separate sources: Bay East, CCAR and EBRD. The listings presented here may or may not be listed by the Broker/Agent operating this website. Information last updated on 5/16/12 11:25 PM PDT.
One Comment
Here’s a job posting for a job at GE in San Ramon – if you get it and relocate – give us a call, we’d love to help you find a home in the area!
Date: Feb 25, 2012
Location: San Ramon, CA, United States
Job Number: 1507870
Business GE Corporate
Business Segment: Global Research
About Us: GE is committed to delivering intelligent systems for a variety of industries, and software is a key component to achieve this goal. We are looking for software development strategists, enterprise architects, and software engineers who can comprehend the complexity of tomorrow’s world, and understand how to map future needs to current technologies, or innovate new technologies to deliver mission critical software systems.
GE’s new Software Center of Excellence (COE) located in San Ramon, CA will focus on the development of innovative software that connects customers and internal business to the machines and systems that move their company.
We are looking for a Lead UX – Interaction Designer who will work with a team to help create experiences across multiple GE software initiatives. The designer will work hands-on and lead projects to develop the next generation user/application interfaces that will further define GE’s brand.
The ideal candidate will leverage years of design experience understanding of interaction design to define a UX design signature for GE. You will be a core member of a dynamic, fast-paced global team. You will also liaise with GE’s UX Center of Excellence, a new and vital group inside the company focused on growing GE’s overall user experience efforts.
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