October was a stagnant month for San Ramon with the same number of closed sales as September. 45 single family homes were sold at an average selling price of $702,000, a slight drop from September's $703,500. However, the price per square foot of these homes increased from $314 in September to $329 in October.
The closed home sales stayed on the market for 38 days average, dropping from September's 55 days, with homes selling for 99% of the original listing price in October, almost the same as the previous month's 98.5% . Of all the closed home sales, 31% were distressed, meaning they were either short sales or REO. In September, only 24% of the home sales were distressed. Four homes sold above $1 million, or 9% of the 45 closed home sales.
The neighborhood of Windemere showed strong activity with 20% share of all the sales, or 10 homes sold out of 45. Following suit were Country View, Bollinger Hills, Gale Ranch, and Twin Creeks.
Click below to view the Home Sales in San Ramon for October.
San Ramon Home Sales October 2010
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