Real Estate Stats for San Ramon California

• 19 Bank Owned Properties (REOs) sold in October
• 12 Detached homes ($300K to $1.6 million) Average Days on Market = 39
• 7 Condos/Townhomes ($212K to $520K)
• 21 REOs Foreclosures currently pending
• 5 Condos/Townhouses ($292K to ($612K)
• 16 Detached single family homes ($$450K to $1 million)

Total MLS Inventory for San Ramon California

• 299 - Active Listings
  122 - Pending Sales

REOs / Foreclosures

• 37 Bank Owned Properties
• 12 Condos/Townhomes
• 25 Single Family Homes

Looking at the MLS Trends for San Ramon, we see Pending Sales (green line) declining while Active Listings (blue line) are trending up. From January through July, active and pending were trending up. San Ramon does not have a glut of foreclosures to help boost pending sales like Antioch and Brentwood. The median home price for San Ramon in August was $700K a 13% decine over August 2007.

 Get our FREE In-Depth Marekt reports - updated weekly, breaking data down by zip code and price point.

Contact Craig for more information – (925) 984–4910

It's a great year to buy a home in California. 

If you have just returned from Mars or come out of a coma, you may be unaware of what a great time this is to buy a home in the East Bay of California.The downturn in the housing market and the year long shakeout in the mortgage industry have led to a flood of short sales, foreclosures and bank owned properties.

There are literally hundreds of great deals on homes in Danville, San Ramon, Dublin, Pleasanton, Walnut Creek - well, everywhere in the San Francisco Bay Area. In Antioch and Brentwood California their are some real steals.

Houses are begging to be purchased. Some are jumping up and down and crying - buy me, buy me!

The housing affordability index is climbing, indicating an expanding opportunity for first-time buyers.

Families relocating into the East Bay Area are finding the opportunity of a lifetime with housing prices.

Contact Paul to explore the possibilities (925) 963-4246 

Paul Mees and I were attending Steve Pierce’s Short Sales, Foreclosures, and REOs training in Pleasanton on Friday when an unusual event occurred – Craig cried help!

It seems he was being bombarded with calls from buyers who wanted to look at properties Friday afternoon and he was running out of bodies to cover his needs. Tracey was at a training gig down in Union City with one of our strategic lending partners. Ginny was packing for Europe and preparing our listing at 213 Aptos Place in Danville CA for the wine & cheese twilight tour.

So, that left Paul and me. We managed to catch about half of Steve’s presentation which was loaded with good information. Steve is not only our broker, but an attorney as well.

When you’re taking on a subject as broad as short sales, foreclosures and REOs – it helps to have the legal knowledge readily available as well as the real estate marketing and transaction process perspectives.

Short Sales, foreclosures and bank owned properties are on the rise in the TriValley area. Keller Williams prides itself on agent training. There is always recurrent training happening on all of the basics as well as special trainings such as this on those areas of special knowledge and skills needed due to current market conditions.

In the past two months it seems like we are attending a workshop on short sales, foreclosures or real estate owned properties every week. These are hot topics. 

• Homeowners need help and good advice
• Buyers are looking for deals and need Realtors with experience and skills with these type of transactions
• Real estate investors are looking for good agents to help them secure the best properties available for their portfolios.

Our team can help you with any of these needs. It’s just one of the advantages of having a team with a great blend of skills and experience.

Give us a call today at 925–984–4910 if you are interested in any aspect of short sales, foreclosures or bank owned properties.

Danville California is one of those real estate markets that is weathering the storm of change better than most.

Danville real estate is situated more toward the upper end of the market for the East Bay and the 680 Corridor. It is the upper end of the market that is helping to maintain the median home price in the East Bay.

Single family homes priced below $800K are facing considerable downward pricing pressures as a result of the housing market slowdown and the subprime lending correction. Danville, with it’s average list price exceeding $1.3 million is one of the most stable markets in the Bay Area.

But, Danville is not escaping unblemished. Recent data from Yahoo Foreclosures shows zip code 94526 with 50 foreclosures and zip code 94506 with 38 (top images). The majority of these Danville properties have, at this time only received a Notice of Default. It is worth noting that even in the best of times, a fair number of NODs are filed.

The following data was gathered from RealtyTrac 

Checking the Market Details Report (Free & updated weekly), we see a couple of interesting things in Danville. The image below reflects how the median list price in zip code 94526 is flat while the median list price in zip code 94506 (Blackhawk) is trending up. 

Here we see the data broken down into quartiles based upon the price point. Notice that in 94526 as the price increases the Average Days on Market also increases, but in 94506 it is almost the opposite.

The biggest pressure on pricing in Danville, California appears to be coming from seller motivation in this slow market. Sellers that are relocating or needing to “get on with it” for whatever reason are doing what motivated sellers always do – determine fair market price and then price your home 5% to 10% below it to attract the most buyers. The neighbors may not like it because it adds to the downward price pressure, but hey – C’est la Vie!