The current real estate market in San Ramon is super heated due to the low amount of inventory.
With a current inventory absorption rate of less than 2 weeks, the San Ramon market looks drastically different than that of just one year ago or even at the beginning of August . Currently there are 93 active listings for detached single family homes in addition to 159 pending sales. For the month of August there were 61 closed sales. This is in line with what we are seeing in Danville as well except that the sales are much higher in San Ramon. There are many reasons for the market change but the most important reason is the low inventory coupled with low prices and low interest rates have caused a “Perfect Storm” for multiple offers. In addition, the San Ramon area has become a destination point for those wanting a great school district while being close to silicon valley.
Sold San Ramon Home
The average list price for active listings in San Ramon is $964,537 with a high of $4,990,000 and a low of $375,000. The average price per square foot for these listings is $382 and the average days on market is 75 days. The average list price for the 159 pending sales is $743,966 with a high of $1,510,490 and a low of $370,000. The average price per square foot for these pending listings is $292 and the average days on market at 48 days. There were 61 closed sales during the month of August with an average sales price of $735,749 and an average list price of $744,687. The average price per square foot was at $296 and the average days on market at 48 days.
