Supply and Demand May 2011-Detached, San Ramon, CA

Down 6%, then up 9%.  It would appear than as the median list price in San Ramon dropped 6% over the past year, it had a positive effect on sales prices. Sold listings show a median price of 9% more than the same time last year.

 Supply and Demand May 2011-Detached, San Ramon, CA

 

The supply and demand chart for detached homes in San Ramon shows a different dynamic. Inventory has increased, but demand has dropped. And that drop in demand can be in part due to last year’s buyer mania when tax incentives were on the table, pushing many buyers to purchase earlier in the season than they otherwise might have.

Average Days on Market-Detached Homes, May 2011 - San Ramon CA

Days on market has actually come down for detached homes in San Ramon. Other nearby cities have not fared as well, but here days on market have dropped from an average of 36 to 33 or 15%.

Months Supply Inventory, Detached Homes May 2011, San Ramon CA CA

This graph shows a drastic change. Inventory levels have dipped dramatically with only 1.8 months supply. That’s a 37% drop from last year at this time. If you’re a buyer, you may not have much to choose from in your price range. If you’re a seller, could be good news.  Less competition.

Karen Crowson on Zillow

Tri Valley real estate for buyers and sellers. Search for homes in Livermore, Pleasanton, and Dublin.

I can also help you in the surrounding areas of Alameda County and Contra Costa County

including Castro Valley, San Leandro, San Lorenzo, San Ramon, Danville, Brentwood and Mountain House

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2 Comments on Market Reports for May 2011 Detached Homes –San Ramon, CA 94583

JUN
15
2011
547,229 Points 9 Featured Posts Outside Blog Called Shot Master

Karen:

Sellers are not selling now, thus lower inventory.  But those sellers that are selling have less competition and buyer may find properties priced in a range they can now afford.  Thanks for the stats.
1:46pm • #1
588,786 Points 61 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Evelyn, in some areas that is certainly the case.  But for San Ramon, May of '11 is up over May of '10.  But, the demand was higher last year compared to now.
5:52pm • #2

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Karen Crowson, ABR, SRES, Livermore, CA

Livermore, CA

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Alain Pinel Realtors, Pleasanton, CA

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