San Ramon Real Estate prices continue to rise, while inventory is plummeting fast
San Ramon real estate for sale inventory continue to decrease month after month, today we have less than one month supply of inventory. Meanwhile, the number of expired listings is on the decline, which indicate that homes are selling at asking price or better.
Below are the highlights of San Ramon real estate activity for February, 2014 VS February, 2013:
The median sold price was up 14%, with $761,000 average sale price. San Ramon home values increased by $92,000 from of last year.
The number of under contract properties was up 15%, 78 listings went pending for the month of February, 2014.
The number of sold properties was up 15%, 55 listings closed escrows.
The number of new properties is down – 9%, 88 new listings came on the market for the month.
The number of for sale properties was up 5%, 147 listings were on the market.
The average month supply of inventory was down -25%, there was 0.7 months supply.
The average days on market were up 76%, 18 days of market time.
The median of for sale properties was up 9%, with $759,900 average asking price.
The number of expired properties was up 100%, 12 listings had expired.
Contact Mona Koussa for full report.