The attached graph demonstrates what has happened with Median home prices for single family detached homes in San Ramon.
Prices are up over 12% from March 2009 and in my opinion we may have seen the bottom in terms of prices for San Ramon real estate. Many of the sales that we have seen are short sales and foreclosures so the days of getting a “Screamin Deal” may be over. I realize that there is a large number of distressed mortgages out there, in fact there may be as many as 8-9 million, but my thoughts are based mainly on the fact that the government has spent so much in time and energy over the last few years that they will not allow prices to free fall as they did in 2007-2009.
