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San Ramon Housing Reports for May 2017

May 23, 2017 by Dale Corpus Leave a Comment

If you’re planning on buying or selling within the next couple of months throughout the San Ramon California area it’s important to know what the market is doing. As a professional real estate agent in this area, I keep close tabs on the market so I know when my buyers are overpaying and so I know exactly how to price a property to sell. I want my buyers to get the absolute most fair market value and save money on their purchases all the while offering my sellers the very most the market can bear.

San Ramon Housing Reports for May 2017As of the publishing of this post, the current median list price for San Ramon is around $1 million. This puts the price per square foot at $457.The median sales price or closing price is $938,000.

There are currently about 310 homes for sale and 36 homes for rent within the San Ramon area. This number varies from national real estate website to website based on the amount of data and information each site pulls. Some websites pull pre-foreclosures, coming soon and for sale by owner properties while others just pull active listings that are currently on the market. Some may also include pending or subject to inspection listings.

There are currently about 310 homes for sale and 36 homes for rent within the San Ramon area. This number varies from national real estate website to website based on the amount of data and information each site pulls. Some websites pull pre-foreclosures, coming soon and for sale by owner properties while others just pull active listings that are currently on the market. Some may also include pending or subject to inspection listings.

The home value index is about $965,400 but the big surprise is the 4.2% increase over last year at this time. While many markets around the country are hot seller’s markets, our market is pretty neutral. We lean towards of the buyers market side right now as there is a good supply of inventory and buyers have room to negotiate. Economists predict a .5% increase to March of next year.

About 3% of the inventory is currently distressed, which means short sales, foreclosures, and those up for auction. The median days on the market are between 15 and 20 days. Now, this is not to say that every home will sell within that time but this is the median time frame. Many homes are selling within the first week if there price correctly or undervalue and many homes sit on the market for far longer than any homeowner expected. This could be due to price, condition or location.

Whether you are buying or selling give me a call today. I have tips and secrets negotiating for the right price and the right terms and as a listing agent, my research will help you get the most for the sale of your property.

Filed Under: Market Update Tagged With: real estate, san ramon, san ramon real estate market

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