Real Estate Trends for San Ramon CA
Looking at current MLS home sales data for San Ramon CA we find the following:
- Active Listings = 78¬† (Potential Short Sales = 11, REOs (foreclosures) = 4)
- Pending Sales = 277 (Potential Short Sales = 136, REOs = 20)
- Closed Sales (last 60 days) = 213¬† (Short Sales = 55, REOs = 24)
19% of homes for sale in San Ramon (on the MLS) today are distressed properties – BUT – 56% of pending sales are distressed properties and 37% of closed escrows in the past 60 days are distressed properties.
The housing market trend in San Ramon is: Less Inventory = Upward Price Pressure. Demand for homes in San Ramon is still high. There are fewer foreclosures coming on the market as the short sale process is a more preferable solution. Our recent listing of a home for sale in Henry Ranch is in escrow at above listing price after 10 offers were reviewed by the owners. Homes priced at or near market value are receiving multiple offers in San Ramon, CA.
Since late last year, we have been talking about low housing inventory in San Ramon and how the influx of new jobs at Bishop Ranch was going to bring additional upward pressures to home values – things have changed in the San
Ramon real estate market since last year.Homebuyers searching for a home to buy in San Ramon are advised to work with a professional Realtor that understands the local real estate market and has great negotiating skills.
(click on Images to enlarge and use ctrl+)
In the last 18 months there were 754 total properties listed that were not withdrawn or cancelled.
- 35 are active
- 133 properties are pending
- 586 properties were sold
- The average sales price was $498,243
- the median sales price was $505,000
- the average DOM (Days on Market) for active listings is 39 for pending listings is 26, and for sold listings is 38
We have divided the properties into 3 price sets; low, medium and high to give you a better sense of how different listings fared for days on market and list-to-sale price ratios. The price range is between $135,000 listing price to $1,890,000 listing price, and between $97,000 sold price and $1,875,000 sold price.
Looking at the MLS graphs for home sales activity over the last 18 months in zip code 94583, the first thing that jumps out is that active listing have dropped as have pending sales and closed sales – what else can we expect with low inventory levels?
The average days on market for a home to sell in San Ramon has dropped by almost 50% since the end of last year. The sold/listing price ratio of homes in San Ramon has been at the 95% level for the last 18 months, but we can expect this to move up as low homes for sale inventory and high demand continue to affect the local real estate markets.
Looking at MLS data 94582
In the last 18 months there were 927 total properties listed that were not withdrawn or cancelled.
- 43 are active
- 136 properties are pending
- 748 properties were sold
- The average sales price was $672,503
- the median sales price was $699,950
- the average DOM (Days on Market) for active listings is 16 for pending listings is 29, and for sold listings is 32
The price range of your comparable properties sample is between $178,500 listing price to $1,049,000 listing price, and between $110,600 sold price and $1,849,000 sold price.
Comparable properties in this sample at the low end of the price spectrum sold on average in 13 DOM, in the medium range in 16 DOM, and at the higher end of the price range in 21 DOM.
The MLS trends over the last 18 months for zip code 94582 are similar in nature to those for 94583 with one major exception – the sold/list price ratio is still dropping in 94582 – the result of more short sales and foreclosures in the Windemere and Gale Ranch area of San Ramon.
Current Homes for Sale in San Ramon CA Area
Buying or selling a home in San Ramon?
San Ramon Home Buyers – You can get more specific details on homes in your price range by emailing Craig and requesting a Real Estate Pricing Specific Trend Report – be sure to specify a zip code and price range.
Home Sellers – You can request a Real Estate Pricing Specific Trend Report for your home. Email Craig with your neighborhood and pricing info.
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