San Ramon Valley Real Estate Market Update β December 5, 2022 π‘π‘π‘
The inventory of homes has come down but the average days on market has gone up. Currently, this is a very balanced market in our area.
Thought for Buyers: As we know, interest rates have come up since the beginning of the year, but we are seeing rates drop a bit over the past couple of weeks. Also, prices have come down making it more of a balanced market. This is a good time to buy. Not only can you get a home at a lower price but there are terms to consider in your offer like asking the seller to give you a credit to buy down your interest rate.
Thought for Sellers: The 4 most important thoughts for a seller right now is to 1) price your home correctly, 2) do inspections & seller disclosures before coming on the market, 3) have your home in “show ready” condition and 4) be open to creativity in regards to terms; maybe a credit to the buyers to buy their interest rate down or pay a yearsβ worth of HOA dues up front for them.
Watch this video to see the stats that reflect this within the current market in San Ramon, Dublin, Danville, Blackhawk & Alamo.
This week’s stats by city:
San Ramon:
– 51 ‘For Sale’
– 23 ‘Sale Pending’
– 8 ‘Sold’
– Average Days on Market: 35
– Average Sale vs List Price: 95%
Dublin:
– 58 ‘For Sale’
– 28 ‘Sale Pending’
– 12 ‘Sold’
– Average Days on Market: 27
– Average Sale vs List Price: 99%
Danville:
– 70 ‘For Sale’
– 25 ‘Sale Pending’
– 4 ‘Sold’
– Average Days on Market: 48
– Average Sale vs List Price: 93%
Blackhawk:
– 17 ‘For Sale’
– 7 ‘Sale Pending’
– 0 ‘Sold’
– Average Days on Market: N/A
– Average Sale vs List Price: N/A
Alamo:
– 22 ‘For Sale’
– 12 ‘Sale Pending’
– 2 ‘Sold’
– Average Days on Market: 55
– Average Sale vs List Price: 92%
For more info anytime:
(925) 899-0825
Jason@JasonCaskie.com
JasonCaskie.com