Special offer

San Ramon Real Estate Market Watch – January 2011

By
Real Estate Agent with RE/MAX Accord

The San Ramon Real Estate Market

Latest Full Months Statistics for San Ramon Homes
(Source: MAX Contra Costa/Alameda MLS)
  Detached Single Family Homes Condominiums, Townhomes, Others
New Listings 38 34
New Sales Agreed 46 33
Closed Sales 53 30
Median Price
(Closed Sales)
$680,000 $374,500
Average Days on Market
(Closed Sales)
56 53

At the time of writing (January 11th, 2011), there were 113 detached single family homes for sale in San Ramon, CA (about 25% less than a month ago) and 80 condos and town homes etc. (again, about 25% less than December). Taking seasonal variances into consideration, this is perhaps to be expected. New home sellers are typically reluctant to list their homes for sale in January and February and we will probably see some increases from March.

The numbers of sales agreed in San Ramon is surprisingly high for December, a typically slow month in terms of real estate activity. In fact the numbers are close to November figures. I know from my own activity level that there were still many people looking for homes in San Ramon right up until the Holidays.

Already it is apparent that buyers are becoming motivated again and with less than 3 months supply of homes for sale, it would not be surprising to see multiple offers arising, particularly for well-priced homes and/or those in the most sought after areas such as Windemere and Gale Ranch. At least there is little chance of significant price increases though. Appraisers tend to be very conservative with their valuations these days, and if a home does not appraise at the agreed sale price, the transaction is unlikely to close.

Low interest rates are a driving force to potential buyers at present, so anybody considering selling in San Ramon is advised to get their home on the market sooner rather than later. When interest rates start to rise, which they inevitably will, homes will take much longer to sell than at the present time.


Comments (2)

Olympus Executive Realty Inc.
Olympus Executive Realty INC. - Orlando, FL
Home Of The Top Producers

Thank you for the great wealth of information and update on your area, Great work! Wishing you the best!

Jan 12, 2011 11:05 AM
Bernard Gibbons
RE/MAX Accord - San Ramon, CA
The English Agent

Thank you, Vick. Much appreciated.

Bernard

Jan 12, 2011 11:27 AM