San Ramon CA Homes for Sale | San Ramon Market Update August 2015
The San Ramon real estate market succumbed to the forces that have been driving the rest of the Tri-Valley real estate market the past few months; namely decreased demand, more cautious buyers and general uncertainty with regards to the direction of the market. August saw declines in inventory, sales and prices. That’s not to say the market was weak in August, just not as potent as had been the case for the past several months.
Available homes for sales fell from 90 at the end of July to 75 at the end of August, a 17% decline. August also had nine fewer homes on the market than a year ago. Pending sales fell 9%, from 85 in July to 77 in August, while closed sales dropped 22%, from 96 in July to 75 in August. August’s sales were on the market an average of 21 days, two more than July’s sales.
The median sales price was $950,000 in August, down 7% from $1,108,000 in July but still 9% higher than August 2014’s $873,000. August’s price per square foot was $425, $4 higher than July’s and $34 higher than a year ago. Homes sold for 100% of their list price in August, on average, compared to 101% in July and 99% in August 2014..
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. Even though inventory is up, 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.