May 2013 San Ramon Condo & Town Home Market Update

By
Real Estate Agent with RealtyOne Group CABRE 01888059

For the month of May, the San Ramon condo and town home market had the following activity:

  • San Ramon Town Home Activity
    • 14 new listings ranging in price $380,000 to $699,000
    • 8 received contracts ranging in price $525,000 to $695,000
    • 17 closed sales ranging in price $560,000 to $775,000
  • San Ramon Condo Sales Activity
    • 13 new listings ranging in price $224,000 to $649,000
    • 4 received contracts priced between $225,000 to $450,000
    • 15 closed sales ranging in price from $210,000 to $745,000

Here is a summary of the San Ramon Condo-Town Home Sales for May 2013

San Ramon Condo & Town Home Sales May 2013

Less San Ramon units sold for the month of May 2013 compared to 2012. The average sales price is up significantly between the 2 years - condos up almost 100% and San Ramon town home sales up 52%. During this time period all San Ramon condo and town home sales were equity sales - no short sales or bank owned properties.

Here's a comparison Year to Date as compared to 2012 sales

San Ramon Condo Sales:

San Ramon Condo Sales YTD May 2013

Again the majority of all sales in 2013 are equity sales which is one of the reasons for driving the prices up as well as the fact due to low inventory. Average sales price is 4% over asking, causing the increase in prices.

San Ramon Town Home Sales

San Ramon Town Home SAles May 2013

The San Ramon Town Home market is similar to the condos as all listings are receiving multiple offers and the winning bids on average are 3% over list price.

Looking to buy a Condo or Town Home in San Ramon - check the listings here.

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