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

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

  • Inventory declines – surprisingly
  • Very little supply under $1 million
  • Pending sales up 50%
  • 80% of pending sales over $1 million

San Ramon Real Estate Market Update February 2017

Most of the action in the San Ramon real estate market was for homes priced at or above $1 million.  That’s because there are very few homes for sale below that level.  75% of actively listed properties and 80% of pending sales were priced at $1 million or more.  San Ramon and Danville bucked the trend of increasing inventory seen in the rest of the Tri-Valley.  San Ramon’s inventory dipped 10% and there was just over a month’s supply available.  Price indicators were mixed in February.

54 homes were for sale at the end of February, down from 60 at the end of January but up from 48 a year ago.  Demand was very strong, with pending sales jumping 50%, from 32 in January to 48 in February.  That compares to 46 a year earlier.  Supply relative to sales fell from 1.9 months at the end of January to 1.1 months at the end of February.  Time on the market fell form 36 days in January to 30 days in February.

February’s sales were for 98% of the average list price, compared to 97% in January and 101% in February 2016.  January’s median sales price was $979,000, down from $1,078,000 in January and about the same as a year ago.  The price per square foot increased 7%, from January’s $408 to February’s $437.  One year ago, homes sold for $427 per square foot.

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.

Click here to see current Homes for Sale in San Ramon CA

 

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Homes for Sale in San Ramon CA

Homes for Sale in San Ramon

San Ramon CA Homes for Sale | San Ramon Market Update April 2016

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San Ramon CA Homes for Sale | San Ramon Market Update April 2016

The San Ramon real estate market was very hot in April.  Both sales and inventory rose even faster in April than they had in February and March.  Multiple offers were the norm for quality homes, especially those priced under $1 million, and those properties did not stay on the market for very long.  Pricing remained stable, showing the strength in the market.

Inventory rose 42% in April, from 60 at the end of March to 85 at the end of April.  60 properties were on the market one year ago.  Pending sales rose even faster at 48%.  90 sales went pending during April, compared to 61 in March and 90 in April 2015.  Supply relative to sales slipped below one month by the end of April at 0.9 months.  There was a one month supply at the end of March and 0.7 months a year earlier.

Closed sales also rose, following the rise in pending sales the past few months.  57 sales closed in April, up 27% from 45 at the end of March.  April’s closed sales were below the pace of a year ago, when there were 68.  April’s sales were on the market an average of 19 days, up from 14 in March and 18 a year ago but still below the benchmark of 20 days generally considered to indicate a hot market.

April’s median sales price was $1,030,000 just slightly below March’s $1,055,000 but well ahead of April 2015’s $944,000.  The price per square foot was $444 in April, up from $436 in March and $422 a year ago.  The average sale in April was for 102% of the list price, the same as in March, as well as 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 remains low and there is strong demand from buyers, 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 many properties, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  Prime properties are getting a great deal of attention and multiple offers.  The result is that they don’t stay on the market long.  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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Homes for Sale in San Ramon

San Ramon CA Homes for Sale | San Ramon Market Update March 2016

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San Ramon CA Homes for Sale | San Ramon Market Update March 2016

The San Ramon real estate market continued to heat up in March.  Prices moved higher, as did inventory and sales.  Homes were on the market an average of only 14 days in March – 20 days is generally considered to constitute a hot market.  The low end of the market continues to have a shortage of inventory and very strong demand.

All price indicators moved higher in March.  The median sales price was $1,055,000, 9% higher than February’s $970,000 and 7% higher than a year ago.  The median sales price increased 2%, from $427 in February to $436 in March.  That compares to $402 in March 2015.  The average sale was for 102% of the list price in March, up from 101% in February but slightly lower than March 2015’s 103%.

Inventory increased 25% from February, while pending sales were up 28%.  60 properties were actively listed at the end of March, 12 more than at the end of February.  54 homes were on the market a year ago.  Pending sales increased form 46 in February to 59 in March.  That was still lower than the 68 sales that went to contract in March 2015.  There was a one month supply at the end of March, unchanged from February but higher than the 0.8 month supply available at the end of March 2015.

Closed sales increased from 35 in February to 44 in March.  As mentioned, it did not take long for homes to sell in March.  On average, homes were listed for 14 days in March, compared to 50 days in February and 17 days a year ago.

Sellers:  It is a great time to be selling a home in San Ramon.  Inventory is low and there is strong demand from buyers, 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 some properties, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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 Homes for Sale

San Ramon CA Homes for Sale | San Ramon Market Update February 2016

02_2016 sr at a glance

San Ramon CA Homes for Sale | San Ramon Market Update February 2016

While there was still some uneasiness in the San Ramon real estate market in February, buyers and sellers, alike, began to get more active, pushing inventory and pending sales to their highest point since October.  Demand was strong across the market.  There was a shortage of inventory at the lower end but homes priced over $1 million sold more quickly (14 days on average).  Price indicators were mixed, with the median sales price falling but the price per square foot and sales price to list price ratio increasing.

The median sales price in February was $942,000, a 2% drop from $960,000 in January and a 7% decline from $1,007,000 a year ago.  Conversely, the price per square foot increased 3% from January and 12% from February 2015.  February’s price per square foot was $430, compared to $418 in January and $385 a year ago.  On average, homes sold for 101% of their list price in February, up from 100% in January and equal to February 2015’s ratio.

48 homes were available for sale at the end of February, up 10 from 38 in January and two more than a year ago.  Pending sales jumped 88%, from 26 in January to 49 in February.  February’s sales were still below the level of a year ago, when 56 sales went to contract.  32 sales closed in February, up from 24 in January but down from 40 in February 2015.  The increase in sales pushed supply down to 1.0 month at the end of February.  That compares to a 1.5 month supply at the end of January and 0.8 months a year ago.

Homes were on the market longer, on average, in February than in either January or February 2015.  January’s closed sales were listed for an average of 49 days, compared to 39 days in January and 28 days a year ago.  Homes price under $1 million were the cause of the uptick, selling in an average of 73 days in February.  Homes priced over $1 million sold in an average of only 14 days.

Sellers:  It is still a great time to be selling a home in San Ramon.  Inventory is down but there is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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.

Click here to see current Homes for Sale in San Ramon CA

 

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Real Estate Properties for Sale in San Ramon CA,

San Ramon CA Homes for Sale | San Ramon Market Update January 2016

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San Ramon CA Homes for Sale | San Ramon Market Update January 2016

Buyers in San Ramon remained very cautious in January, pushing pending sales lower than they have been in 14 years.  The market is hit and miss right now as the uncertainty over the economy, elections and interest rates has many buyers and sellers staying on the sideline.  Inventory increased in January and was equally split between high and low end homes.  Price indicators were mixed but under the circumstances showed strength.  I don’t see prices declining but we may see smaller increases than the double digit year-over-year increases we have become accustomed to the past couple of years.

Pending sales fell for the sixth straight month, with only 23 sales going to contract in January.  I only have data going back to 2002 but we have not had so few pending sales during that time.  31 sales went pending a year ago.  Inventory ended a five month skid by increasing 17 units, from 21 at the end of December to 38 at the end of January.  19 of those homes were priced under $1 million and the other half were priced over $1 million.  With the rise in inventory and fall in pending sales, there was a 1.7 month supply on the market at the end of January, double December’s 0.8 months.

December’s median sales price came up off of what was 2015’s low of $900,000 in December to $965,000 in January.  That was 6% better than January 2015’s $910,000.  On average, homes sold for 100% of their list price in January, a small increase over December’s 99%.  The price per square foot fell in January, from $23 in December to $417.  One year ago, the square foot price was $406.

Sellers:  It is still a great time to be selling a home in San Ramon.  Inventory is down but there is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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.

 

Access all San Ramon CA homes for sale here

 

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San Ramon CA Homes for Sale | San Ramon Market Update December 2015

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San Ramon CA Homes for Sale | San Ramon Market Update December 2015

Down, down, down – that is the direction of most things related to San Ramon real estate in December.  Sales fell, as did inventory and the median sales price.  Inventory was it its lowest point of the year and sales were their lowest in two years.  The median sales price was also lower than in any other month in 2015.  Even with the drop in sales, there was still only a one month supply on the market.  Inclement weather added to the normal winter lull to keep buyers and seller alike off the market.  San Ramon remains highly desirable and these numbers represent a down cycle, as opposed to a longer term downward trend.

Inventory was cut in half in December, from an already low 41 properties at the end of November to 21 at the end of December.  That was the fewest homes for sale here since December 2014’s 18.  Pending sales fell 37%, from 43 in November to 27 in December.  December 2013’s 20 pending sales was the last time sales were this low.  Even with the big drop in sales, there was still only a one month supply on the market at the end of December, up from 0.8 months at the end of November.

The median sales price in December was $898,000, its low point for the year.  That was an 11% drop from November’s $1,009,000 but was still 3% higher than December 2014’s $875,000.  December was also the first time in 2015 that the median sales price was less than $900,000.  The price per square foot has been fairly steady throughout 2015.  Except for one month, it has been between $400 and $424.  December’s sales were for $4212 per square foot, up from $415 in November and $403 a year ago.  The average sale in December was for 99% of the list price, unchanged rom November.

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

Sellers:  It is still a great time to be selling a home in San Ramon.  Inventory is down but there is still strong demand from buyers, 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 some properties, having a highly competent agent who knows the San Ramon market will be critical to your success

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers.  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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Gale Ranch San Ramon Market Update June 2015

Gale Ranch San Ramon Market Update June 2015

Nine homes are actively listed for sale in the Gale Ranch neighborhood of San Ramon.  The homes have been on the market for an average of 19 days at an average price of $1,088,667.  The average price per square foot is $424.  None of the active listings are distressed (short sale or REO).

Seventeen sales are pending.  The average list price of the homes pending sale is $1,058,863 or $446 per square foot.  They have been available for an average of 15 days.  None of the pending sales are distressed.

15_0628 gale ranch snapshot act_pend

48 sales closed in the past six months, compared to 33 in the prior six month period and 40 in the six month period a year ago.  The most recent 48 closed sales were for nearly 102% of the average list price and were listed for an average of 19 days.  The average sales price was $1,019,104, which was $431 per square foot.  1435 Asterbell Drive was  a short sale.

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See all homes for sale in Gale Ranch San Ramon

 

Gale Ranch is a large planned community in Dougherty Valley.  It offers a variety of homes, from 1500 feet to 4500 feet, some built in the early 90’s and a new phase begun in 2003.  The development contains a pool.

Windemere San Ramon Market Update June 2015

Windemere San Ramon Market Update June 2015

The Windemere neighborhood of San Ramon remains very popular and active.  Seventeen homes are available for sale here, with another 28 pending sale.  71 sales closed in the past six months, the same number that closed in the six months before that and 15 more than closed in the same period last year.

The average list price of the 17 homes available for sale is $1,163,052 or $380 per square foot.  On average, these homes have been on the market for 25 days.  Here is a table showing all the active listings.

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The 28 pending sales have been listed for an average of 24 days, at an average price of $1,190,416.  The average price per square foot is $376.

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The average sales price of the 71 homes that sold (closed) in the past six months was $1,132,392.  The average sale was for over 102% of the list price and $385 per square foot.  These homes were on the market an average of only 10 days.

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See Active and Sold homes in Windemere San Ramon

Windemere is a master planned community in the Dougherty Valley area of San Ramon, built between 2002 and 2006.  It has new schools, a new library and over 1,100 acres of permanent open space.  Homes range from townhomes to luxury homes on generous lots.

San Ramon CA Homes for Sale | San Ramon Market Update April 2015

04_2015 sr at a glance

San Ramon CA Homes for Sale | San Ramon Market Update April 2015

The only thing keeping a lid on sales in San Ramon is inventory.  April’s pending sales were higher than in any month since July 2013.  Inventory creeped up a mere five units in April.  The median sales price dipped in, a reflection of a (temporary?) increase in sales of lower end homes in April, rather than declining prices.

The inventory of homes for sale in San Ramon stood at 60 at the end of April, up six from March’s 54 but 13% lower than April 2014’s 69.  Pending sales jumped 35%, from 66 in March to 89 in April.  77 sales went to contract a year ago.  Closed sales increased from 55 in March to 66 in April.  The reulst of this activity was to reduce the supply of homes for sales from 0.8 months at the end of March to 0.7 months at the end of April.

April’s median sales price was $920,000, down from $985,000.  That resulted from an increase in the mix of sales of lower end homes, not an actual decrease in home prices.  The price per square foot increased from $402 in March to $410 in April.  The average sale in March was for 102% of the original list price and was on the market less than three weeks.

The tables below provide further details on the current San Ramon CA 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.  There just is not enough inventory to satisfy demand and it is the sellers who have the advantage right now.  Proper marketing and staging will be important to getting the most for your home.  Being prepared to evaluate multiple offers and sift through the options will be critical.  While multiple offers will be the norm, being extremely familiar with the Pleasanton market will be critical to get the most value out of your home.

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  Properties are not staying on the market long and multiple offers are the norm.  Understanding the current market and your own strengths as a buyer will put you in a strong position to act on new listings.  Intimate knowledge of the San Ramon market is critical.

 

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San Ramon CA Homes for Sale | San Ramon Market Update March 2015

03_2015 sr at a glance

San Ramon CA Homes for Sale | San Ramon Market Update March 2015

The San Ramon real estate market has added inventory for three straight months.  That’s pretty remarkable, given the strong demand and the fact that many surrounding communities have seen the number of homes available for sale decline.  For proof of the strength of demand, we can look at the increase in sales and the fact that homes sold for an average of 103% of their original list price in March.

54 homes were available for sale in San Ramon at the end of March, a 17% increase over February’s 46 but still below the 59 properties actively listed a year ago.  While pending sales increased 24% in March, that was well below the 50% increases we saw in some other communities.  Perhaps San Ramon home buyers are bigger basketball fans than in other areas and were busy watching March Madness!  68 sales went to contract in March, compared to 55 in February and 73 a year ago.  Closed sales increased 33%, from 40 in February to 53 in March.

About a three week supply was on the market at the end of March, unchanged from February.  Homes sold in March were on the market an average of 15 days, down from 26 in February.

The median sales price was 6% higher in March than it was a year ago.  March’s median sales price was $985,000.  The average price per square foot also increased, from $374 in March 2014 to $403 in March 2015.  The average sale in March was for 103% of the original list price, compared to 100% a year ago.

The tables below provide further details on the current San Ramon CA 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 Pleasanton.  There just is not enough inventory to satisfy demand and it is the sellers who have the advantage right now.  Proper marketing and staging will be important to getting the most for your home.  Being prepared to evaluate multiple offers and sift through the options will be critical.  While multiple offers will be the norm, being extremely familiar with the Pleasanton market will be critical to get the most value out of your home.

Buyers:  Being prepared to act quickly will be the key to getting the home you are looking for.  Properties are not staying on the market long and multiple offers are the norm.  Understanding the current market and your own strengths as a buyer will put you in a strong position to act on new listings.  Intimate knowledge of the San Ramon market is critical.

See all Homes for sale in San Ramon CA

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03_2015 sr price range table