San Ramon Real Estate Market Heats Up

Low Inventory of Homes for Sale & New Jobs Bringing Price Pressure to San Ramon CA Real Estate

What’s affecting San Ramon CA real estate these days? New Jobs and not enough homes on the market for those moving into the area.

The recent announcement that Bishop Ranch has landed two high-profile tenants, Kraft Foods and Samsung adds to the list of new tenants that are bringing new jobs into the San Ramon area.

In August, closed sales for detached homes was down almost 33% from July (up 8.6% over last year), while closed sales of condos & townhomes was down 8% from July (up 31% over last year). Why are home sales down? Not enough homes to sell (see below). A total of 53 properties for sale in San Ramon is hardly enough to satisfy the normal demand of a community this size, much less when you factor in the addition of 1000+ new well-paying first-tier jobs being added to the local payrolls at Bishop Ranch.

The inventory of homes for sale in San Ramon is down 38% from last year. Days on market for detached homes dropped almost 33% for detached homes while days on market for condos dropped 78% (July to August).

Current real estate stats for San Ramon CA:

Single-Family

In the last 3 months there were 547 total properties listed:

  • 42 are currently active
  • 241 properties were pending
  • 264 properties were sold
  • The average sales price was $754,117
  • the median sales price was $726,000
  • the average DOM (Days on Market) for active listings is 25, for pending listings is 27, and for sold listings is 27

San-Ramon-Single-Family-HomesTownhouse-Condo

In the last 3 months there were 229 total properties listed:

  • 11 are currently active
  • 111 properties were pending
  • 107 properties were sold
  • The average sales price was $355,092
  • the median sales price was $335,000
  • the average DOM (Days on Market) for active listings is 7, for pending listings is 19, and for sold listings is 17

San-Ramon-Townhomes-Condos

Email Craig if you would like to know more about buying or selling a home or condo in San Ramon call (925) 984-4910

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