As February, and a leap year one to boot, comes to a close let's look at what happened in the San Ramon real estate market in January. Although fewer single family homes sold in January versus a year ago pricing remains flat and the time to get a home into escrow has fallen. The attached home market started the year off with a bang in number of units sold but these were predominately on the lower end which has brought the median price down. As with the single family segment marketing times have come down. At this … [Read more...]
One alternative to writing a contingent offer
No one really wants to have to write a contingent offer and the luxury home market in the San Ramon Valley has certainly not been immune to challenges like those faced in many other regions. One of those is the lack of financing available. The high-end buyer does not typically fit into a neat package. The jumbo mortgage market offerings via Fannie Mae and Freddie Mac are currently capped at 625,000 in most Bay Area markets and while there is a fair amount of true jumbo loans available underwriting is very strict. … [Read more...]
2011 Real Estate Review for San Ramon
2011 is behind us and here is a look at how the San Ramon Real Estate Market performed compared to 2010. We can see that both the single family home component as well as condominiums and townhouses enjoyed gains in unit sales over the prior year. The time to get a home into escrow increased slightly from 2010 but is still very good at just over forty days. The divergence comes in the median home price. Single family homes showed a modest decrease at just over two and a half percent while the median price of … [Read more...]
Real Estate Sales Information for San Ramon 2011 vs 2010 through October
The San Ramon real estate market is finishing up 2011 in a very similar fashion to 2010. The number of single family home sold for the first ten months of the year is almost identical to the same period last year. 562 homes have sold so far this year versus 564 sold for last year. Median sales prices are down just over one percent this year while the average time to get homes into contract has risen to 41 days from 30 for 2010. Condominiums and townhomes have posted a significant increase in unit sales while median … [Read more...]
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