The number of active listings on the market in San Ramon continues to drop as we enter the last 6 weeks of 2009.
The current inventory absorption rate for single family detached homes in San Ramon is at less than 2 weeks. This is indicative of a strong sellers market. The San Ramon market is one of the hottest in Contra Costa County and has homes selling significantly faster than homes in Danville and Alamo. In addition the number of bank owned and short sale homes being listed is dropping. Based on the current push to keep people in their homes I dont believe we will see a significant change in inventory levels until Q2 2010. Also, interest rates have taken a drop based on recent economic data which is adding to the number of active buyers currently looking for homes in San Ramon.
The current statistics for San Ramon real estate is as follows:
There are 70 active listings on the market in San Ramon for single family detached homes. The average list price for these homes is at $1,015,770 with the highest listing at $4,998,000 and the lowest at $375,000. The average price per square foot is at $425 and the average days on market is 78. There are 165 pending sales with an average list price of $741,858. The highest price pending listing is at $1,700,000 and the lowest at $315,000. The average price per square foot is $291 and the average days on market at 37 days.
