New Year, New Home Trends: Present Market Analysis for Homes in San Ramon

Real Estate Marketing Trends for Homes in San Ramon for 2014

With the start of a new year, many homeowners and those looking to purchase a home are watching with interest the current trends of the housing market in San Ramon compared to last year.  The news is positive for many sellers, as home trends are showing an increase in not only the price per square foot for homes in San Ramon, but also an increase in the price of median home sales.

At the beginning of January 2014, the average price per square foot for a home in San Ramon was $371 according to reports by Trulia.  This shows a 23.3% increase compared to the same period and the same geographical location last year.  Median home sales prices from October 13-January 14, 2013 averaged $745,000, an increase of $93,000 compared to similar homes a year ago.

Trulia reports that for the in San Ramon, there are currently 81 resale and new homes on the market as well as 93 homes that are in pre-foreclosure, going to auction, or in the bank-owned stages of the foreclosure process.

Current trends show that for the week ending January 8, the average listing price for homes for sale in San Ramon was $962, 019, an increase of 3.4% or $31,740, compared to the prior week.

Price point proves to be a pivotal point in the trends of 2014.  According to the same report, at the beginning of 2014, homes in San Ramon that were priced around the $886,000 price point are up 5.1% while the homes priced around the $980,000 mark are down by 4.1%.

What Do These Statistics Mean to Sellers and Homebuyers?

Statistically speaking, if you are a home owner with a median priced home in San Ramon and are looking to sell, the market is strong for you.  You can expect a slightly larger profit for your home than you might have a year ago.  Homes that command a higher price tag may be sitting on the market longer, but rest assured, they are selling.

For home buyers, you can expect that with the newest trends, more homeowners may be putting their home on the market to take advantage of the rising profits.  This will benefit potential home buyers who will then have the advantage of a larger market from which to choose.  Increased home prices makes buyers more confident in their purchase as they have reasonable information to suggest that they are making a good buying decision.

Pricing to Sell, Knowing How Much to Offer

As with any real estate decision, getting the right price for your home is the key to a successful transaction.  Knowing the market trends for homes for sale in San Ramon from 2013-2014 can help you choose how to price your home and how much to offer.

If you need help pricing your home or need help purchasing a home in San Ramon or the greater San Ramon Valley?  Villa Properties can help.  Email us today or call (925)519-0794  for a free comparative market analysis to help you understand the real value of your current home.  Or head over to our testimonials to hear what our past clients thought about our services.