Homes for Sale Crisis Hits East Bay

Danville, Dublin, Pleasanton, San Ramon & Walnut Creek
DO NOT
Have Enough Homes for Sale!

low-home-inventory san ramon dublinZero months of housing inventory along 680 Corrodor – the new normal??!!!!

San Ramon CA has troubles… as do Danville, Dublin and Walnut Creek CA – too few homes for sale in real estate markets with high buyer demand. The same is true throughout the East Bay and across the bridges – not enough housing inventory to meet demand.

 From Walnut Creek to Pleasanton, the inventory of homes for sale is not great enough to meet home buyer demand. This is the 18th consecutive month of inventory decline in many East Bay communities.

 Home sales and home prices are up in 10 out of 12 areas in the 680 corridor, but increased sales can’t last with homes for sale inventory hitting record lows. The distressed property inventory rate has dropped like a rock – in October, Data Quick, stated that foreclosure activity had hit its lowest point since October of 2007.

 
Active
Listings
Distressed
Properties
% Distressed
Sales Rate
Months of
Inventory
Alamo
30
1
3.3
21
1.4
Danville
64
3
4.6
75
0
Dublin
35
12
3.4
58
0
Pleasanton
54
5
9.2
67
0
San Ramon
30
4
13
66
0
Walnut Creek
47
3
6.3
60
0

With home prices stable and foreclosure activity bottoming out, investors are seeing the end of the line fasta approaching for cash flow opportunities. Cash is flowing into local East Bay housing markets as cash offers trump multiple offers from home buyers relying on financing.

 east-bay-home-sales

Community
Zip
Sales
% Chg
Median Price
% Chg
High Price
$/SqFt
% Chg
Alameda County                
Dublin
94568
110
59.4%
$595,500
14.6%
$1,285,000
$290
13.8%
Pleasanton
94566
49
28.9%
$770,000
17.6%
$3,300,000
$357
6.2%
Pleasanton
94588
39
56.0%
$544,500
2.7%
$1,655,000
$352
4.5%
   

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
Contra Costa County  

 
 

 
 

 
 

 
 

 
 

 
 

 
Alamo
94507
22
69.2%
$1,212,500
1.0%
$2,150,000
$412
6.0%
Danville
94506
30
25.0%
$749,000
-8.4%
$1,575,000
$292
-5.5%
Danville
94526
54
35.0%
$749,000
15.2%
$2,200,000
$344
9.9%
San Ramon
94582
60
1.7%
$682,750
11.0%
$1,159,000
$308
8.8%
San Ramon
94583
43
30.3%
$588,000
23.8%
$1,550,000
$326
11.5%
Walnut Creek
94595
47
46.9%
$420,250
13.6%
$1,650,000
$450
44.6%
Walnut Creek
94596
20
-9.1%
$622,500
27.0%
$1,387,500
$348
-5.9%
Walnut Creek
94597
38
52.0%
$480,000
19.4%
$895,000
$334
11.5%
Walnut Creek
94598
36
56.5%
$530,000
17.8%
$1,385,000
$350
4.5%

Multiple Offers on Any Home For Sale

Imultiple offers san ramonn San Ramon and Dublin CA almost every home for sale receives multiple offers. The same is true in Danville, Walnut Creek and other East Bay communities – every home listed has a plethora of buyers begging – be mine!

Local Realtors have been encouraging reluctant, fence-siting buyers to get off the fence before it’s too late and today, it may be just that – too late for many home buyers to get the home of their dreams. First-time buyers in particular are suffering as home affordability falls and FHA financing takes a back seat to more conventional mortgage options and all cash offers.

 ”Buckle your seat belts,” one real estate office manager says, ” this market is not for sissies.

Another Realtor office manage says, “inventory remains critically low in San Ramon, Dublin and Danville”. “Buyers are still out there but competition is very high if you don’t have the right financing.”

“Multiple offers continue to be the trend on all listed properties,” according to a Walnut Creek real estate manager.” “Properties are not on the market more than a few days and some are not making it on the MLS at all. Sales are slowing down due to low inventory.”

Tracey & Craig Harper, The Harper Team, have over 19 years of experience in residential real estate. They have closed over 550 escrows representing both sellers and buyers – from condos to luxury estates

The Harper Team has been recognized many times as a top-producing real estate team in the San Ramon area and as being in the Top 2% of Customer Satisfaction agents in the Bay Area.

Email Craig if you would like to know more about buying or selling a home or condo in San Ramon, Danville, Dublin, Alamo, Pleasanton or Walnut Creek CA call (925) 984-4910

Search the MLS Homes for Sale

Search for Foreclosures

See all Real estate in the city of San Ramon.
(all data current as of 10/1/2014)

  1. 5 beds, 4 full, 1 part baths
    Home size: 3,810 sq ft
    Lot size: 6,537 sqft
  2. 5 beds, 3 full baths
    Home size: 2,507 sq ft
    Lot size: 11,520 sqft
  3. 5 beds, 3 full baths
    Home size: 3,367 sq ft
    Lot size: 10,200 sqft
  4. 4 beds, 3 full baths
    Home size: 2,029 sq ft
    Lot size: 7,700 sqft
  5. 3 beds, 2 full, 1 part baths
    Home size: 1,979 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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