San Ramon Valley Real Estate Market Update – January 5, 2023 🏡🏡🏡
Happy New Year everyone!!!
The inventory of homes has come way way!!!
Thought for Buyers: As we know, interest rates have come up, 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 years’ 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:
– 35 ‘For Sale’
– 16 ‘Sale Pending’
– 4 ‘Sold’
– Average Days on Market: 53
– Average Sale vs List Price: 97%
Dublin:
– 58 ‘For Sale’
– 28 ‘Sale Pending’
– 12 ‘Sold’
– Average Days on Market: 27
– Average Sale vs List Price: 95%
Danville:
– 48 ‘For Sale’
– 13 ‘Sale Pending’
– 4 ‘Sold’
– Average Days on Market: 34
– Average Sale vs List Price: 95%
Blackhawk:
– 7 ‘For Sale’
– 4 ‘Sale Pending’
– 2 ‘Sold’
– Average Days on Market: 18
– Average Sale vs List Price: 98%
Alamo:
– 18 ‘For Sale’
– 6 ‘Sale Pending’
– 0 ‘Sold’
– Average Days on Market: N/A
– Average Sale vs List Price: N/A%
For more info anytime:
(925) 899-0825
Jason@JasonCaskie.com