San Ramon Market Stats

San Ramon CA 2017 Homes for Sale and Real Estate Market Year In Review

San Ramon CA 2017 Homes for Sale and Real Estate Market Year In Review

The San Ramon real estate market had a good year in 2017.  Prices were up from 2016, homes sold pretty quickly and for about their asking price (on average).  Inventory was down considerably from 2016, however, and there was less than a month’s supply on the market for most of the year.  Buyers looking for homes priced under $1 million had a little harder time.  There were far fewer of these homes for sale, they saw more offers, sold more quickly and received slightly higher prices relative to their list price than did higher priced homes.

Prices were higher in 2017, with the median sales price increasing 8%, from $1,020,000 in 2016 to $1,101,313 in 2017.  The price per square foot was up 4% in 2017 to $459.  The average sale in 2017 was for 100% of the original list price and took 25 days, on par with 2016’s 100% and 27 days, respectively.  750 sales closed in 2017, a 4% increase over 2016’s 719.

64% of closed sales in 2017 were homes priced over $1 million.  Homes priced below that saw stronger demand, selling for an average of 101% of their asking price and in an average of only 21 days.  By comparison, homes price over $1 million sold in 27 days for 100% of their list price, on average.

Pending sales outpaced inventory in all but three months in 2017.  The opposite was true for all but two months in 2016.  The chart above shows that inventory throughout 2017 was well below the level of 2016, while sales were pretty close.  2017 ended with fewer homes available for sale than did either of the previous two years.

Homes priced under $1 million were in short supply in 2017 and, in fact, we ended the year with only one of them actively listed.  Inventory was higher than pending sales in only one month since August 2016.  Inventory and sales of these homes during 2017 was generally lower than in 2016, month for month.

 

Sales of homes priced at $1 million or more during 2017 outpaced those in 2016, while inventory was considerably lower.  Supply was much tighter during 2017 (usually less than a month) than in 2016 (almost always well over a month).

 

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Real Estate Market Update Video – Pleasanton and San Ramon – January 2018

Real Estate Market Update Video for Pleasanton CA & San Ramon CA, January 23, 2018

Hi everybody, it’s Doug Buenz with The 680 Group at Venture Sotheby’s Real Estate. I wanted to do a quick market update. We’re now at January 23rd, and I just wanted to give you a little bit of the pulse of the market right now. We’re seeing new listings hit the market in the Pleasanton CA real estate market. There were 27 new listings this month to date. That’s up 145% versus last month. In the San Ramon CA real estate market there’s 23 new listings so far this month, which is up 53%. So, we’re starting to see inventory hit the market.

News bulletin for you buyers: Get ready, because I think we’re going to see some great opportunities in the market to purchase. Pending activity is strong, even in the upper end, so far this month, which is great news. Days on market is down this month for sold properties, so the market remains very hot with a lot of demand. So, just be aware of that as a buyer. The average days on market in Pleasanton CA homes for sale this month for sold properties is 15. That’s down 32%.

San Ramon CA homes for sale averages 12 days on market for sold properties, which is down 7%. The outlook is continued strong demand. There’s no getting around it. People need a place to live, and people are coming to this area in search of good schools and good housing values. We do think we’ll see more inventory here as we get towards the Spring, especially with some of the tax law changes, etc. Buyers, so far, seem to be a little bit more cautious than normal, but we’ll see how things roll out given all the changes. The market is good.

Real estate is great. If you need any help with buy or selling, please give us a call at 925-463-2000, and if you like this content and like this video, please do share with your friends. If you have any comments, please comment. Thanks so much for watching. Doug Buenz, The 680 Group at Venture Sotheby’s in Pleasanton, California.

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San Ramon CA Homes for Sale | San Ramon Market Update November 2017

San Ramon CA Homes for Sale | San Ramon Market Update November 2017

  • Inventory drops 53%
  • Pending sales down a third
  • Almost no homes priced under $1 million
  • Homes selling over list, on average

San Ramon CA Real Estate Market Update November 2017

The San Ramon real estate market refused to cool down with the weather in November.  A big drop in inventory lead to fewer sales but homes that did sale tended to do so very quickly and at good prices.  The average sale was for 101% of the list price and took only 16 days.  Homes priced under $1 million continued to be in demand but scarce.

Only 22 homes were actively listed at the end of November, a 53% drop from October’s 47 and down 62% from November 2016’s 58.  The lack of inventory hampered sales, which fell 33%, from 52 in October to 35 in November.  That was also 29% below pending sales of a year ago.  Only 0.6 weeks of inventory were on the market at the end of November, down from 0.9 months at the end of October and 1.2 months at the end of November 2016.

The median sales price fell 12% in November, from $1,165,000 in October to $1,030,000.  The price was still 3% higher than a year earlier.  On average, homes sold for 101% of their list price in November, compared to 100% in October and 98% a year ago.  The price per square foot increased from $462 in October to $479 in November.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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San Ramon CA Real Estate Market Update November 2017

 

San Ramon CA Homes for Sale | San Ramon Market Update October 2017

San Ramon CA Homes for Sale | San Ramon Market Update October 2017

  • Inventory up slightly after five month decline
  • Pending sales flat to October, well below year ago
  • Both high and low end seeing good demand
  • Pricing stays strong

San Ramon CA Real Estate Market Update October 2017

After falling for five straight months, the supply of homes for sale in San Ramon actually increased by two units in October.  We were still 40% below the level of a year ago, however.  Pending sales were flat to September but were also lower than a year earlier.  Demand remains very strong across market segments.  Homes sold in October for their asking price, on average, and the median sales price and price per square foot both increased.

There was a 0.9 month supply available at the end of October, when 47 homes were actively listed.  That was up from 45 at the end of September but was 41% lower than October 2016’s 79.  Pending sales were unchanged from September’s 53, which was 12% lower than a year ago.

The average sale in October was for 100% of the list price and took 31 days.  Time on the market was up significantly from September’s 19 days but was on par with that of a year ago.  The median sales price increased 8%, from $1,101,000 in September to $1,185,000 in October, which was also 12% higher than October 2016’s $1,055,000.  October’s price per square foot was $461, 3% higher than September’s $447 and 4% higher than a year earlier.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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San Ramon CA Real Estate Market Update October 2017

San Ramon CA Real Estate Market Update October 2017

 

San Ramon CA Homes for Sale | San Ramon Market Update September 2017

San Ramon CA Homes for Sale | San Ramon Market Update September 2017

  • Inventory falls for fifth straight month
  • Supply less than half of year ago
  • Pending sales fall sharply as supply dwindles
  • Homes selling quickly – 19 days
  • Sellers get their asking price – on average

San Ramon Market Update September 2017

Once again, low supply was the driving factor in the San Ramon real estate market in September.  Inventory fell for the fifth straight month and was only 47% of the level a year ago.  Quality properties sold quickly, with homes selling in an average of 19 days and for their list price (on average).  Pending sales were down 24% from August, as supply continued to constrain sales.

45 homes were listed for sale at the end of September, down from 52 at the end of August and 96 from a year ago.  Pending sales fell 24%, from 62 in August to 47 in September, compared to 64 in September 2016.  Supply relative to sales increased from 0.8 months at the end of August to 1.0 month at the end of September.  A 1.5 month supply was available at the end of September 2016.

September’s median sales price was $1,110,000, a 6% increase from August’s $1,050,000 and 13% higher than September 2016’s $978,000.  On average, homes sold for 100% of their list price in September, unchanged from August.  The price per square foot dipped in September, from $468 in August to $445.  That was still 5% higher than a year ago.  The average time on the market in September was 19 days, compared to 21 days in August and 28 days a year ago.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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San Ramon Market Update September 2017

San Ramon Market Update September 2017

 

San Ramon CA Homes for Sale

San Ramon CA Homes for Sale | San Ramon Market Update August 2017

San Ramon CA Homes for Sale | San Ramon Market Update August 2017

  • Inventory falls for fourth straight month
  • Supply only half of year ago
  • Pending sales fall for third straight month
  • Homes on market longer

San Ramon CA Real Estate Market Update August 2017

Low supply continued to be the biggest factor in San Ramon real estate in August.  Inventory fell for the fourth straight month and was at half the level of a year earlier.  Hampered by the lack of available homes for sale, pending sales fell for the third straight month.  Time on the market increased again in August but prices have remained mostly steady, with homes selling for their asking price, on average.

Only 52 homes were actively listed at the end of August, down from 61 at the end of July and half the 102 available at the end of August 2016.  Pending sales fell 9%, from 68 during July to 62 in August, compared to 72 a year ago.  That left a 0.8 month supply at the end of August, little changed from July’s 0.9 months but two weeks shy of the 1.4 month supply a year earlier.

While the median sales price dipped 5% in August, from $1.1 million in July to $1.05 million in August, it was still 2% higher than August 2016’s $1.03 million.  Furthermore homes sold, on average, for their list price in August, compared to 99% of the list in July.  The price per square foot in August was $468, 6% higher than July’s $443 and 7% above August 2016’s $437.  It took longer to sell a home in August (32 days) than in July (21 days).  One year ago, sales closed in an average of 31 days.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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San Ramon CA Real Estate Market Update August 2017

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San Ramon CA Homes for Sale | San Ramon Market Update July 2017

San Ramon CA Homes for Sale | San Ramon Market Update July 2017

  • Inventory falls for third straight month
  • Supply only 60% versus year ago
  • Prices soften
  • Homes on market longer
  • Low end still sees strong demand

San Ramon Real Estate Market Update July 2017

The number of homes for sale in San Ramon declined for the third straight month in July and ended the month with only 60% of the inventory here a year ago.  Even with the low inventory, home sales remained strong, with pending sales 15% higher than at this time last year.  Homes priced under $1 million saw the strongest demand.  Overall, prices softened a bit in July and homes stayed on the market longer.

Inventory fell from 69 units at the end of June to 61 at the end of July, a 12% drop.  107 homes were on the market a year ago.  Many buyers found what they were looking for and kept pending sales strong.  69 sales went pending in July, compared to 71 in June and 60 in July 2017.  Inventory relative to pending sales fell a little, from 1.0 month at the end of June to 0.9 months at the end of July.  A 1.8 month supply was available a year earlier.

Time on the market jumped 72% in July, from 18 days for homes sold in June to 31 for homes sold in July.  Prices softened a little as well, with the median sales price falling 4% from $1.15 million in June to $1.1 million in July.  July’s median was 5% higher than a year ago.  The price per square foot also dipped, from $451 in June to $442 in July, compared to $431 in July 2016.  July’s average sale was for 99% of the list price, versus 100% in July and 101% a year ago.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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San Ramon CA Homes for Sale

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San Ramon CA Homes for Sale | San Ramon Market Update June 2017

San Ramon CA Homes for Sale | San Ramon Market Update June 2017

  • Low end of market is hot
  • Inventory falls again
  • Low inventory keeping sales low
  • Median sales price up 6% from year ago

 

San Ramon Real Estate Market Update June 2017

Declining inventory is having a dampening effect on sales in San Ramon.  The number of homes for sale fell for the second straight month and that resulted in a 20% drop in pending sales during June.  Homes priced under $1 million were in very strong demand, selling for 102% of their list price (on average) in an average of only 13 days.  Prices have continued to rise, with the median sales price increasing 4% from May and 6% from a year ago.

69 properties were actively listed at the end of June, down 9% form 76 at the end of May and 37% lower than June 2016’s 110.  June’s inventory represented a 0.9 month supply, up slightly from 0.8 months at the end of May.

While buyers were active, the low supply left many without a home to purchase.  Pending sales fell 20%, from 91 in May to 73 in June.  74 sales went pending a year ago.  Closed sales were constant from may at 86.

June’s median sales price was $1,151,000, a 4% increase over May’s $1,103,000 and 6% over June 2016’s $1,085,000.  The average sale in June closed in a8 days for 100% of the list price, compared to 14 days and 101% in May, respectively.  The price per square foot was little changed at $451.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

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San Ramon CA Homes for Sale | San Ramon Market Update May 2017

San Ramon CA Homes for Sale | San Ramon Market Update May 2017

  • Activity remains brisk
  • But market not as hot as surrounding communities
  • Pending sales down 1%
  • Inventory down 12%
  • Only 14 days on market

San Ramon CA Real Estate Market Update May 2017

The real estate market in San Ramon saw strong demand in May, with homes selling in an average of only 14 days.  However, the market was not as hot as others in the Tri-Valley, most of which saw pending sales jump in May.  That’s not to say things were cool here.  Prices held up and there was less than a month’s supply at the end of May.

Pending sales fell by one unit; from April’s 89 to 88 in May.  Four less sales went pending in May than a year ago.  Inventory fell 12%, from 86 at the end of April to 76 at the end of May, which was 17% less than May 2016’s 92.  That left just under a one month supply available at the end of May (0.9 months), compared to 1.0 month at the end of April and 1.0 month at the end of May 2016.

Evidence of the strength of demand here was that homes sold in an average of only 14 days during May, down from 24 days in April and 15 days a year ago.  In addition, the average sale in May was for 101% of the list price, up slightly from 100% in April.  A year earlier, homes were selling for 102% of their list price.

May’s median sales price of $1,103,000 was 1% below April’s $1,115,000 but 5% higher than May 2016’s $1,055,000.  The price per square foot was up 4%, from $436 in April to $452 in May.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year.  Prime properties, in particular, are getting a great deal of attention and multiple offers.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

 

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San Ramon CA Homes for Sale | San Ramon Market Update April 2017

San Ramon CA Homes for Sale | San Ramon Market Update April 2017

  • Activity remains brisk
  • Inventory up 34%
  • Pending sales up 10%
  • About a one month supply
  • Prices soften

San Ramon CA Real Estate Market Update April 2017

April was not as hot for the real estate market in San Ramon as March but demand remained strong and activity brisk.  Pending sales were up 10% from March.  While that is nowhere near the 84% increase in March, it shows demand remains strong.  More sellers moved into the market in April, driving inventory up 34%; a good sign for a market in need of supply.  Prices did soften a little in April but the average sale was still for 100% of the list price.

The median sales price in April was $1,087,000, 3% lower than in March but 5% higher than a year ago.  The price per square foot also slipped 4% from March.  The sales price to list price ratio fell from 102% in March (and April 2016 also) to 100% in April.  The price per square foot fell from $450 in March to $436 in April.

The fact that homes sold in an average of 21 days in April was a strong indication of demand.  That was down from 24 days in March but slightly higher than 19 days a year ago.

90 sales went to contract in April, a 10% increase from 82 in March and 83% a year earlier.  Inventory increased 34%, from 64 at the end of March to 86 at the end of April.  85 homes were actively listed at this time last year.  Supply relative to pending sales stood at 1.0 month at the end of April, compared to 0.8 months at the end of March and 1.0 month at the end of April 2016.

The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is tight and demand remains strong, especially for prime properties in excellent condition that are priced right.  Proper marketing and staging will be important to getting the most for your home.  While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar.  More than ever, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  The current market is fairly balanced, especially compared to the previous few years.  Prime properties are still getting a great deal of attention and even multiple offers on occasion.  Being prepared to act quickly will be the key to getting the home you are looking for.  Having a professional Realtor who understands the San Ramon market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

 

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