Over the past year we have seen the active inventory of single family detached homes in San Ramon trend down.
Currently there are only 71 active listing in San Ramon for single family detached homes. And while the inventory absorption rate has increased slightly it still is at less than a month. The situation in San Ramon is not unlike the downward trend in inventory we are seeing in Danville, Alamo, and the entire counties of Alameda and Contra Costa. In general I don’t see this trend changing anytime soon. Most homeowners who were contemplating selling their homes have decided to stay for awhile and many have actually decided to stay for the long haul and are actively remodeling their homes. So what we find is that the homes being listed for sale are either Short Sales, Bank Owned, Job Transfers, or those who have a genuine need to either move up or move down. So, unless we see a larger number of Bank Owned and Short Sale homes listed, we will continue to see low inventory stable prices and basically a sellers market at the low to mid price points.
Current San Ramon Statistics:
In San Ramon there are 71 active single family detached homes for sale. The average list price for these homes is at $972,803. The highest priced listing is at $4,990,000 and the lowest at $375,000. The average price per square foot is at $422 and the average days on market is 86 days. There are 93 Pending Sales in San Ramon. The average list price for these pending sales is $746,883 with the highest priced pending being listed at $1,700,000 and the lowest at $315,000. The average price per square foot for these homes is $292 and the average days on market is 33 days. During the month of November there were 66 closed sales in San Ramon for single family detached homes. The average sales price was $725,785 with the highest price sale at $1,064,374 and the lowest at $440,000. The average price per square foot for these sold homes was $307 and the average days on market was 43 days.
