Short Sale Stats for San Ramon CA (data for area bounded by Montevideo, Pine Valley Road, I-680, Iron Horse Trail). Similar trends are noted in many areas of San Ramon, but higher home prices can be a differentiating factor (request specific data for your neighborhood).

Despite the name, Short Sales are not always a short process! Nor is it always an easy or smooth process, even in San Ramon where we are weathering the storm better than many communities. A short sale can be a frustrating experience for both the seller and the buyer. One of the mitigating dynamics in regards to the frustration factor is the number of lenders involved with the property.

Potential Upside to a Short Sale

• Eliminates negative equity burden
• May qualify for a new mortgage sooner than with a foreclosure or bankruptcy on their credit file
• Repair finances by reducing housing payments

Potential Downside to a Short Sale

• A tarnished credit history and score
• Diminished financing options on real estate for a minimum of two years
• Lenders may pursue the so-called deficiency balance after the sale
• Income taxes may be due on the amount of forgiven debt
• The approval process can be time-consuming and frustrating

Part of the educational process should be consulting your accountant and attorney. While many Realtors have great experience and knowledge of the short sale process, few are licensed to give financial or legal advice on the implications of a short sale.

Basic Qualifications for a Short Sale:

• The Home’s Market Value Has Dropped
• The Mortgage is in or Near Default Status
• The Seller Has Fallen on Hard Times
• The Seller Has No Assets

Current MLS Data for this area of San Ramon CA:

• 2 Active Potential Short Sale Listings
• 0 Active REOs (foreclosures)
• 5 Pending Potential Short Sales
• 1 Pending REO

There have been no completed sales of short sale properties or foreclosure properties since 1/1/2012 in this area of San Ramon:.

Sold Properties in the period from 2/12/2011 to present:

• 49 Homes Sold
• 11 Short Sales
• 10 REOs

Short sales and foreclosures accounted for about 40% of the homes sold since 2/12/2011 in this area of San Ramon.

The 11 short sales in San Ramon sold on an average at 94% of the listed short sale price. Days on Market ranged from 7 to 144, but that is not the amount of time it took to close escrow. The home that was on the market for 7 days before going into contract to 63 additional days to close escrow. The home that was on the market for 144 days, took 32 days to close escrow. The longest period of time between going into contract and the close of escrow was about 7 months.

Craig is a Certified Short Sale Specialist. We have handled many short sales in the last 5 years – condos, townhomes, detached homes – in all price ranges. Interview the Harper Team for a potential short sale on your San Ramon home.

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.

San Ramon Home Sellers – You can request a Real Estate Pricing Specific Trend Report for your home. Email Craig with your neighborhood and pricing info.

Showing properties 1 - 5 of 95. See more city of San Ramon real estate.
(all data current as of 2/7/2012)

1. $925,000 : 2201 BRITANNIA DR, SAN RAMON
   
   4 beds, 2 full, 1 part baths

   Home size: 3,094 sq ft

   Lot size: 10,716 sq ft
2. $729,500 : 124 PEARLGRASS CT, SAN RAMON
   
   5 beds, 3 full baths

   Home size: 2,633 sq ft

   Lot size: 4,079 sq ft
3. $800,000 : 4197 LILAC RIDGE RD, SAN RAMON
   
   4 beds, 3 full, 1 part baths

   Home size: 3,150 sq ft

   Lot size: 8,276 sq ft
4. $619,000 : 62 DOS RIOS PL, SAN RAMON
   
   4 beds, 2 full baths

   Home size: 1,993 sq ft

   Lot size: 9,974 sq ft
5. $650,000 : MLS # 40560599 in SAN RAMON
   
   5 beds, 4 full baths

   Home size: 2,801 sq ft

   Lot size: 6,291 sq ft

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