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.