San Ramon had a total of 76 sales that closed escrow in July compared to the 84 units sold in June. This is down a total of 9.5%, mainly due to San Ramon’s shrinking inventory over the last four months.
The median sold price for July was $725,000, up $5,000 from $720,000 in June.
The average price per sqft. in July was higher than it was in June. July’s average list price per sqft. was $308, the same as what posted in June. However, the sold price per sqft. for July was up, posting $307, a $1.00 per sqft. increase from $306 in June.
The higher end market had a 61% drop in sales for properties over $1 Million, only 5 units sold in July as opposed to 13 sold in June!
There was a 16% drop in distressed sales over the last three months, May posted 25, while July fell to 21 sold units. July’s sales were on the market for an average of 25 days, compared to 26 days on average for June.
Pricing will definitely continue to increase if we don’t see more inventory soon.