San Ramon Home Sales activity is brisk with 84 new listings on the market during February 2012 and 36 closed sales. All total there are 101 homes for sale in San Ramon ranging in price from $412,000 to $1,899,000. Based on the current listings, the San Ramon inventory of homes if no more were listed, would be depleted in 1.36 months. Demand for San Ramon homes is extremely high.
Here is a recap of the February 2012 numbers and the year to date numbers for homes sales activity in San Ramon.
San Ramon Home Sales Activity by Price Range
As the numbers show, the most active price points are the homes in the $600,000 to $899,000 range.
Here is a breakdown by Zip Code of San Ramon Homes Sold
The 94582 zip code are all homes east of Alcosta Blvd where most homes prices are in the $700,000 plus range, therefore we would expect to see a higher average sales price.
The San Ramon real estate market trend looks positive with the median home prices up 4% and with so little inventory, we anticipate a slight rise in prices for the remainder of the year.
Buying or selling in San Ramon --Linda Urbick 925-415-3046
Crow Canyon Country Club Home Sales Activity for the month of February:
Currently there are a total of 7 homes for sale in Crow Canyon all townhomes.
Year to Dated 5 homes were clsoed - 4 Townhomes and 1 Golf Villa. This is comparable to 2011 for the same time period that had 5 sales as well. Here is a comparison for both time periods:
With so few sales occuring thru February it is way too early to predict the trend of the market for Crow Canyon Country Club. What we do know is that homes do not linger on the market very long when priced right as there is currently a high buyer demand.
Buying or selling in Crow Canyon--Linda Urbick 925-415-3046.
An analysis of the Danville CA market data for the years 2007 thru 2011 clearly shows the market top was in 2007 and has since been trailing downward. 2011 decreased 25% from 2011. The annual percentage decreased since 2007 is as follows:
The smaller decrease in 2010 was due to the tax credits for first time homebuyers.
Of special interest is while the prices in 2011 decreased, unit volume was up 28% from 2010.
I have elected three charts to demonstrate the Danville real estate market over a five year period:
With only two months current data, it is too early to predict if we will see an increase or decrease in Danville home sales prices. What we do know is that inventory is low, creating a high demand for those house on the market, which can be evidenced in the unit sales spike in 2011 (see above).
Another positive aspect for buying a Danville home is interest rates which remain historically low.
Buying or selling in Danville, CA - give me a call 925-415-3046.
San Ramon Home Sales Activity from 2007 thru 2011
San Ramon Average Days on Market by Year
What is interesting to note is that 2011 toolk 25% longer to go pending. Short sales attributed to the increase in averages, as we saw properties coming off the market and going back on market due to lenghty negotiation time frames and buyers either not qualifying or not willing to wait. 2012 to date we are showing 39 days on average for San Ramon homes to close.
San Ramon Unit Sales Comparision 2007 through 2011
The trend indicates that unit sales are on the rise. As we have not reached the high selling season, it is hard to predict how many San Ramon homes will sell in 2012. Currently year to date 67 homes have sold.
San Ramon Average Sales Prices 5 Year Comparison 2007 thru 2011
While unit sales are up the average sales price of San Ramon homes in 2011 is down 21% from the 2007 peak.
Year to date 2012 average home sales prices are $716,649, which is still to early to predict the balance of 2012. What is occuring is there are homes that are selling within 5 days of being listed and many with multiple offers. This doesn't mean that homes are selling for thousands over list price, some yes, yet terms and strenght of the buyers are equally as important to sellers as price.
Buying or selling a San Ramon home, contact Linda Urbick 925-415-3046.
San Ramon Windemere February 2012 Sales Activity showed an increase of 24% more units sold than February 2011.
A recap of February activity:
Windemere February Closed Sales
The chart below shows the Windemere Year To Date Figures for 2012 compared to 2011:
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