San Ramon CA (West)

by James Forquer

What the heck is going on in the Real Estate Market?

The Appraiser’s Appraisal

San Ramon (West)

Sold past 1-6 months (n=44) median (med) $1,560,000 Days on Market (DOM)=20

Sold past 7-12 months (n=123) med $1,855,000 DOM=7

This suggests a primary (yearly) change of -15.903%.

Sold past 1-3 months (n=11) med $1,425,000 DOM=54

Sold past 4-6 months (n=33) med $1,575,000 DOM=16

This suggests a secondary (quarter to quarter) change of -9.524%.

There are 7 active listings ranging from $1,138,000 to $6,998,000 with a median DOM at 50 days. Range 1-155 days.

There are 8 pending listings (in contract) ranging from $579,950 to $3,349,000 with median DOM at 22 days. Range 4-71 days.

1/9 review: yearly change -19.737%; quarter-to-quarter change +2.333%. 11/04 review: yearly change -8.727%; quarter-to-quarter change -12.500%. 9/22 review: yearly change +35.015% (stable); quarter-to-quarter change –14.618%.

So, what’s going on? This looks very similar to the Eastern section of San Ramon. The yearly trend has moderated, and the quarter-to-quarter trend has reversed. Both trends are off of their bottoms with the quarter-to-quarter trend having turned negative since our prior observation. The sample size for the current quarter however, is pretty small. The volume “n” is down and the days on market are up. This kind of blows my large lot property theory out of the water… Still, I am expecting that we will see moderation of both the yearly and quarter-to-quarter trends in the near term. But interest rates were headed up as of today, and that may play into the picture here. We will come back here in a month or so to see what’s up.

Have any other real estate questions? Want to know what is going on in a different market or sub-market? Just ask!

Appraiser legal stuff:

CA Office of Real Estate Appraisers License No. AR041451 – JamesForquer.com jamesforquer@comcast.net Data is from EBRDMLS and includes the City of San Ramon West of Hwy 680, all MLS residential listings, effective as of 03/03/2023

Listing/Sales services provided through Coldwell Banker – Montclair 510-339-6134 Jim Forquer – CA Department of Real Estate License No. 01205407

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