October 2011 San Ramon Market Update – Sales Jump

By
Real Estate Agent with Alain Pinel Realtors

The real estate market of San Ramon showed weakness in the last 2 months before it coming back strong in October with a huge increase in sales pending and consequently a dip in inventory. Sales were healthy across the market but mainly so for homes listed under $1,000,000.

Generally, sales pending for detached single family homes leaped to 62% in October, from September’s 50 to 81 in October, a total of 31 sales increase. This was off a number in September that, although a bit down for this year, was not significantly low. Inventory dropped by 21% in October, after having an increase of 16% in September. 151 detached single family homes were present on the market by the end of October, a decrease from 192 at September to 41. The market is more intense now that it has been since last year’s April. There was 1.9 months of inventory available by the end of October relative to sales pending, a considerable decrease from 3.8 months at the end of September.

Single Family Homes in San Ramon

October 2011 Inventory Vs Sales Pending

 

Homes listed below $1,000,000 posted very good gains in sales pending in October. The Sales pending has increased by 63% in October, from 46 in September to 75 in October. Inventory dropped 23% or 40 homes, from September’s 175 to 135 by the end of October. The Inventory relative to sales pending dropped by more than 50%, from September’s 3.8 months to 1.8 months by the end of October. This market segment accounted for 89% of inventory in San Ramon and 93% of sales pending, a small change from Septembers.

Single Family Homes in San Ramon Below $1,000,000

October 2011 Inventory Vs Sales Pending

 

The market for properties listed over $1,000,000 continued to hum along in October. Inventory has been steady for the last 3 months, declining a bit from August’s 18, 17 by the end of September and 16 at October. Sales pending did increase from 4 homes in each of the last 2 months to 6 in October. There was 2.7 months of inventory relative to sales pending in this market segment by the end of October, in comparison to 4.3 months by the end of September.

Single Family Homes in San Ramon Over $1,000,000

October 2011 Inventory Vs Sales Pending

 

Posting huge gains in sales pending, the real estate market of San Ramon showed it wasn’t willing to slow down. A very good showing after 2 weak-ish months the last 2.

To search for Pleasanton, Dublin, San Ramon, and Danville area real estate, visit www.680Homes.com. You will find extensive school, community, and neighborhood information. You can also search by neighborhood and by school boundary!

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