Market Data Archives

San Ramon Home Sales 2nd Qtr 2017

San Ramon home sales for the second quarter of 2017. These numbers are for single family detached homes:

  • 261 Units Sold
  • Average Sales Price $1,169,633
  • Median Sales Price $1,120,000
  • Highest Price $2,375,000
  • Lowest Price $619,000
  • Average Days on Market 18

Average sales price is down 1% over first quarter of 2017, yet more than double the units, 261 vs 121

San Ramon Sales Activity for 2016

The final numbers are in for home sales in San Ramon.  On average home prices appreciated 4 percent. Here are the final results. The first chart shows sales for all of San Ramon. The next two charts are divided by zip code.

All San Ramon 2015 2016
# Units 754 714
Average Sales Price $1,040,344 $1,091,979
Median Sales Price $1,000,000 $1,025,000
Average Days on Market 19 22
Sales Price to List Price  1% over List .05% Over List
Zip 94582
# Units 414 413
Average Sales Price $1,111,263 $1,151,793
Median Sales Price $1,080,000 $1,138,839
Average Days on Market     18     24
Sales Price to List Price   1% over list   .05% over list
Zip 94583
# Units       339      299
Average Sales Price $950,318 $1,009,528
Median Sales Price $815,000 $905,000
Average Days on Market      18      20
Sales Price to List Price   1.5% over list   1% over list

San Ramon Home Sales Update – October 2016

San Ramon single family detached home sales activity for the month of October 2016

  • 63 units sold
  • Average Sales Price – $1,080,275
  • Median Sales Price – $1,050,000
  • Lowest Price – $597,000
  • Highest Price – $2,115,000

Breakdown of homes sold in 94582 and 94583

94582 94583
Units Sold    37        26
Average Sales Price $1,141,056 $993,780

Comparing October 2016 to 2015 San Ramon home sales are up 4%.

San Ramon Home Market Update- August 2016

For the month of August, there were 76 homes listed in San Ramon, 55 closed sales. The average sales price was $1,101,852 down 2 percent from the average price for homes sold in July. The average days on market is now at 30 and sales to list price ratio is 99%.  Here are the year to date results of average sales prices for all of San Ramon. The chart shows a down ward trend which has been expected. Markets go up and down all the time and it is due for a correction.

sr-trend-thru-aug-2016

San Ramon Valley – Is Market Flattening

Recent market updates indicate many areas in the State are seeing the housing market going flat. This can be expected every so many years. The housing market goes up, goes down and goes sideways. Over the past couple of years in the San Ramon Valley area we have seen double digit appreciation. We are now seeing single digits.

Here is an excerpt from the article

California single-family home and condominium sales were 37,093 in May 2016, an increase of 2.2 percent from a revised 36,287 in April 2016. On a year-ago basis, sales were down 4.7 percent from 38,921 in May 2015.

“Sales continue to be lackluster state-wide,” said Madeline Schnapp, Director of Economic Research for PropertyRadar. “Without an increase in affordable inventory, high prices continue to depress sales.”

Year-to-date sales (January through May 2016) totaled nearly 156,000 properties, down 3.8 percent from the same time period in 2015 and nearly unchanged from the same period in 2014. Year-to-date sales in 2014 and 2016 were the lowest since 2008.

“Price appreciation took a breather this past month amidst lackluster sales,” said Schnapp. “How many buyers are there in the Bay Area willing to spend a million dollars on a 1,200 square foot, 2 bedroom, 1 bath home built in 1961? At some point buyers are just going to say, ‘No Thank You’.”

Within the 26 largest California counties, the highest year-over-year price appreciation was concentrated in counties of the greater Bay Area: Santa Clara (15.1 percent), Contra Costa (13.1 percent), Monterey (12.4 percent) and Santa Cruz (12.2 percent).”

To see what is going on in our area let’s look at one City – San Ramon home sales for the past 12 months to determine the trend.

June 2016 chart

As the chart indicates San Ramon home sales are starting to flatten. This may be temporary, yet home prices have increased significantly and the buyer pool is getting smaller.

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