Real Estate 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

Loving Home Ownership

Don’t Let Your Biggest Asset End Up In Probate

A will is the most common way to transfer real property upon a person’s death, but this does not avoid probate. Probate can be expensive with attorney fees and court costs and can take up to a year to complete.  The way to keep all of your assets out of probate is to set up a trust. Yet for many whose estate consists primarily of the home, the money to establish a trust may be unaffordable.

Californians have an easy remedy to keep their home out of probate with the passage of Assembly Bill 139 which became effective in 2016, creates the Revocable Transfer on Death (TOD) Deed which would transfer to a named beneficiary 1 to 4 unit residential real properties on the death of its owner without a probate proceeding or a living trust.

The Revocable Transfer on Death deed is the most simple and inexpensive transfer mechanism on the market today. Furthermore, it may be the only tool available to unmarried homeowners who wish to leave their property to a lifelong partner, family member, friend, or loved one upon death. .

The deed has no effect until a person dies, and can be revoked at any time. The revocable TOD deed must be signed, dated and acknowledged before a notary public, and must be recorded at the County within 60 days after execution.

 

Danville Market Update August Numbers

For the month of August 2016 here are the home sales results:

  • 63 Homes Listed
  • 70 Homes Sold
  • $1,254,000 – Average sales price
  • $1,195,000 – Median sales price
  • $2,030,000 – Highest sales price
  • $815,000        Lowest Sales Price
  • 23 Days on market
  • Sales to List price ration – 100%

Year To Date home prices in Danville are up 4% over the same time period in 2015.

San Ramon July Home Sales Results

For the month of here is a recap of July home sales activity:

Single Family Detached Homes

  • 94 home listed
  • 40 homes went under contract
  • 76 closed sales
  • Median sales price $1,068,000
  • Average sales price $1,130,338
  • Average Days on Market 21
  • Prices up 6% over same period 2015

Town homes Condos & Duets

  • 40 listed
  • 39 went under contract
  • 31 closed sales
  • Median sales price $600,000
  • Average sales price $619,725
  • Average Days on Market 15
  • Prices up 6% over same period 2015
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