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October 2011 San Ramon Market Update – Sales Jump
The real estate market of San Ramon showed weakness in the last 2 months before it coming back strong in October with a huge increase in sales pending and consequently a dip in inventory. Sales were healthy across the market but mainly so for homes listed under $1,000,000.
Generally, sales pending for detached single family homes leaped to 62% in October, from September’s 50 to 81 in October, a total of 31 sales increase. This was off a number in September that, although a bit down for this year, was not significantly low. Inventory dropped by 21% in October, after having an increase of 16% in September. 151 detached single family homes were present on the market by the end of October, a decrease from 192 at September to 41. The market is more intense now that it has been since last year’s April. There was 1.9 months of inventory available by the end of October relative to sales pending, a considerable decrease from 3.8 months at the end of September.
Single Family Homes in San Ramon
October 2011 Inventory Vs Sales Pending
 
Homes listed below $1,000,000 posted very good gains in sales pending in October. The Sales pending ... more

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