San Ramon Home Sales Activity for the month of December 2012
- 45 closed sales in December - versus 54 closed sales in November
- Average sales price $752,248 compared with November average sales price of $779,150
- 30 homes listed in December as compared to November of 54 homes
- Average sales prices are 99.5% of the list price
Here is a summary of San Ramon Homes Sales for December 2012
Number of new listings were down significantly compared to 2011 yet unit sales were up 25% in 2012, which makes sense due to buyer demand and properties selling in an average of 30 days. For 2012 San Ramon single family detached home prices were up 2%.
San Ramon 2012 Number of Units by Price Range
The $600,000 to $799,000 price range accounted for 42% of all sales combined as prices started moving up during the year.
San Ramon 2012 Home Sales by Zip Code
San Ramon 2012 Home Sales by Average Price Range
San Ramon Home Sales - 5 Year Trend 2008-2012
It is interesting to note that 2011 showed the most decline in average sales prices, mostly attributed to 34% of homes sold were distressed - either a short sale or bank owned property. Based on an average appreciation of 3%-4% (which is predicted), we should be back to the 2008 level within 2-3 years.
The trend is moving in the right direction!