Hope you took the time to view the above video, which shows you charts of San Ramon real estate activities since March, 2011. As you can see the charts present one year of housing data to give you a clear picture of real estate market trends.
If you are buying or selling San Ramon homes, the following trends can help you make your decision. For more information and advice, feel free to contact Mona Koussa at anytime.
With only 74 single family homes for sale in San Ramon, home buyers have very low inventory to choose from. The inventory decline is due to several factors. The number one reason is that migration from nearby towns and from out of state has increased dramatically in the last several months because of new job openings in the city. Also San Ramon schools are a magnet for families seeking better public education for their kids.
We are also experiencing a huge decline in foreclosure activities. The number of notices of default has declined by more than 40%, and the number of bank owned homes for sale declined by more than 70%.
Another significant reason for inventory decline is homeowners increased confidence. Many are not willing to sell at this time in the hopes of better selling price in the near future.
All market indicators including supply and demand suggest that we will have a stronger seller market in San Ramon in the near future. Currently we only have less than 2 months of listings supply with the selling season just around the corner.