San Ramon CA Homes for Sale and Real Estate Market Update February 2018
Hi everybody! It’s Doug Buenz with The 680 Group at Venture Sotheby’s.
Just a reminder that the 680 Corridor is the place to be here in the East Bay.
Today I’m going to do a quick market update for San Ramon.
As always, if you know anyone who could benefit from this information, please share it with them. We’d really appreciate it.
In San Ramon, under a million dollars, the market remains very high.
We have 15 new listings so far this month. That’s up 114% from January to date. There’s definitely more listing activity, good news for you buyers, more things to choose from.
We had 14 pending sales so far this month under a million dollars in San Ramon and that’s up 180% from last month. As you can see, there’s still strong demand in that price segment.
The average price per square foot for homes under a million dollars in San Ramon is $518. That’s down slightly about 7% from the month before but not statistically significant certainly.
The market under a million dollars in San Ramon is very hot.
The average sales price to list price ratio is exactly 100% and that’s down 1% from homes that closed in January month to date. It’s a little softer on the price.
Days on market is up a little bit. It’s 23 average days on market for homes that have closed this month so far. That’s up about 70% from last month at this time. I’m not sure that’s a big factor either but as you can see there’s a lot of demand under a million dollars.
Now, over a million dollars, demand is just really about as strong.
23 new listings in San Ramon over a million dollars so far this month. That’s up 44% from last month at this time which is a nice spike in inventory.
We have 24 pending sales this month so far and that’s up 84% from last month which is a big spike in pending sales.
Again, there’s a strong demand across the board in San Ramon.
The average price per square foot for a single family home over a million dollars in San Ramon is $438 a square foot and that’s up about 2% from last month at this time.
The average days on market for closed sales this month is 13. That’s up about 18% from last month. Again, I’m not sure that’s significant.
The average sales price to list price ratio is 102%. That’s up 2% from last month to date and that’s for homes that have sold, obviously.
We’re seeing some overbids. The market remains strong.
Interest rates are up, but so far, it does not seem to be having much of an effect on the market. The San Ramon market remains hot.
This is Doug Buenz with The 680 Group. If we can help you or anyone you know, please give us a call at 925-621-0680 or visit us at our website 680homes.com.
Thank you so much for tuning in.