The inventory of active single family detached homes on the market in San Ramon has increased over the last few weeks. Additionally we are seeing the inventory absorption rate creep up from .3 months to .56 months.
The absorption rate is still indicative of a strong sellers market but we are started to see the seasonality of real estate markets come into play. We expect to have inventory increase through the spring and summer months. This should provide more opportunity for thosebuyers who have been shut out of the home market due to low inventory. We are also having good success working with the banks to process short sales. I recommend giving us a call if you are considering your options for an “Underwater” mortgage.
The current statistics for San Ramon real estate are:
There are 95 active listings of single family detached homes in San Ramon. The average list price for these listings is at $861,743 with the highest priced listing at $3,500,000 and the lowest at $394,000. The average days on market is at 56 days and the average price per square foot is at $365. There are 168 pending sales in San Ramon with the average list price of $795,396. The highest priced pending sale is listed at $1,850,000 and the lowest at $328,000. The average days on market is at 29 and the average price per square foot is at $287. During the month of March we have had 26 closed sales. The average sales price is $817,192 with the highest priced sold at $1,750, 000 and the lowest at $365,000. The average days on market for these closed sales was 29 days and the average price per square foot was at $308.
