Market Data Archives

San Ramon-Danville-Alamo 2017 Home Sales Recap

2017 home sales for Danville, San Ramon and Alamo final numbers:

  • Danville:  636 Single Family Detached homes sold at a median price of $1,299,500 up 8% over 2016
  • Alamo: 202 Single Family Detached homes sold at a median price of  $1,643,500 at par with 2016 sales numbers
  • San Ramon: 750 Single Family Detached homes sold at a median price of $1,101,000 up 7% over 2016

The charts below compare three years of sales data….2015, 2016 and 2017

 

 

 

 

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Bay Area …Are We In A Housing Bubble..Read what experts say

Image result for bubbles

According to these experts, we are not in a housing bubble. Prices in the Bay Area are holding steady in most cities and some are still going up due to high demand. Here is what these experts say.

“With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.

Recently, five housing experts weighed in on the question.

Rick Sharga, Executive VP at Ten-X:

“We’re definitely not in a bubble.”

“We have a handful of markets that are frothy and probably have hit an affordability wall of sorts but…while prices nominally have surpassed the 2006 peak, we’re not talking about 2006 dollars.”

Christopher Thornberg, Partner at Beacon Economics:

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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%.

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