Health & Fitness
San Ramon Home Sales Activity April 2012 and Year To Date
San Ramon Real Estate activity for the month of April was brisk. New listings are down 37% as compared to 2011 during the same time period and the demand by buyers is on the rise
San Ramon Real Estate activity for the month of April was brisk. New listings are down 37% as compared to 2011 during the same time period. Due to the low inventory and high demand of qualified buyers, we are experiencing a changing market. We are now in a Seller’s market.
San Ramon Sellers Real Estate Market
While prices are not shooting up significantly, some homes are finding a new high with buyers bidding up the list price. This strategy over time will definitely lift real estate prices. Unfortunately, many first time home buyers looking in the lower price ranges in San Ramon, under $500,000 now have fewer choices - again due to lack of inventory.
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The average days on market right now in San Ramon is 47 with the average home price at $714,000 which is down 3% from the average price of $736,000 in March.
Here is a recap of the San Ramon home sales activity for April 2012 and year to date as compared to 2011.
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April 2012 San Ramon Activity
2011 2012 +/- New Listings 116 73 -37% Closed Sales 61 67 +9% Average Sales Price $726,034 $714,729 -1.6% Median Sales Price $710,000 $705,000 -7% Average Days on Market 47 47 --2012 Year To Day San Ramon Home Sales
Please keep in mind that the above figures are averages only for all of San Ramon single family detached homes. These numbers do not include condos/town homes.
Also there are what I like to term "niche" markets or better defined as neighborhoods. Other factors that contribute to the price are the conditions of the home even within the same neighborhood.
In my next article I will further analyze some of San Ramon neighborhoods.
