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MARCH
2009
SAN FRANCISCO EAST BAY STATISTICS
Bay Area home sales rose above a year ago for the fifth consecutive month
in January. Home buying remained slow in pricier coastal markets but was robust
in many inland areas where steep price declines have boosted affordability
and, in some cases, driven sales of existing houses to record levels.
The role of foreclosures in the housing market continued to grow,
representing 54 percent of the Bay Area homes that resold last month,
according to MDA DataQuick, a real estate information service.
A total of 5,050 new and resale houses and condos closed escrow in the
nine-county Bay Area last month. That was down 26.7 percent from 6,889 in
December but up 40.8 percent from 3,586 in January 2008.
Updated: 03-14-2009
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Sales Volume
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Median Price
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All homes
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Jan-08
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Jan-09
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%Chng
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Jan-08
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Jan-09
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%Chng
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Alameda
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780
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994
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27.4%
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$487,750
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$300,000
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-38.50%
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Contra Costa
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667
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1,333
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99.9%
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$463,000
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$220,000
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-52.50%
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Marin
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122
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122
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0.0%
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$845,000
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$525,000
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-37.90%
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Napa
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44
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78
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77.3%
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$532,500
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$370,000
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-30.50%
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Santa Clara
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869
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1,037
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19.3%
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$639,000
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$400,000
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-37.40%
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San Francisco
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293
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229
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-21.8%
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$744,000
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$562,000
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-24.50%
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San Mateo
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295
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273
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-7.5%
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$675,000
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$489,500
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-27.50%
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Solano
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247
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560
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126.7%
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$347,500
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$192,500
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-44.60%
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Sonoma
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269
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424
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57.6%
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$425,000
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$299,750
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-29.50%
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Bay Area
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3,586
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5,050
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40.8%
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$550,000
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$300,000
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-45.50%
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Months of Inventory
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3/14/2009
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Community
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City Code
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# of Active
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Pending Sales (Past
30 Days)
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Months of Inventory
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Danville
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4500
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188
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41
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4.59
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Alamo
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4800
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79
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9
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8.78
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Walnut Creek
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4900
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272
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36
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7.56
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San Ramon
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4400
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296
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70
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4.23
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AVERAGE
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209
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39
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5.35
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Dublin
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4100
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198
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28
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7.07
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Pleasanton
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3900
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240
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48
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5.00
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Livermore
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4000
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468
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55
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8.51
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AVERAGE
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302
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44
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6.92
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Blackhawk
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4600
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59
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5
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11.80
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Diablo
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4700
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8
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1
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8.00
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AVERAGE
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34
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3
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11.17
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Concord
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5701
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687
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86
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7.99
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Pleasant Hill
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5400
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135
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19
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7.11
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Martinez
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5600
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209
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31
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6.74
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Clayton
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5900
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56
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6
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9.33
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Rossmoor
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5000
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146
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31
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4.71
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AVERAGE
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247
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35
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7.13
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Lafayette
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5100
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74
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20
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3.70
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Orinda
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5300
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40
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11
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3.64
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Moraga
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5200
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39
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19
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2.05
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AVERAGE
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51
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17
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3.06
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Pittsburgh
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6100
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541
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57
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9.49
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Antioch
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6200
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1191
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147
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8.10
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Brentwood
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6400
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539
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92
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5.86
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Oakley
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6300
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359
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43
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8.35
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AVERAGE
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658
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85
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7.76
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Fremont
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3700
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594
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117
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5.08
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Hayward
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3400
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922
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82
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11.24
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San Leandro
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3100
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454
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54
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8.41
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San
Lorenzo
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3200
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143
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20
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7.15
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Oakland
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2600
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1620
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168
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9.64
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AVERAGE
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747
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88
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8.46
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Total (not incl.
avgs)
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9557
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1296
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7.37
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Average
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368
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50
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7.37
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San Francisco East Bay
From Wikipedia, the
free encyclopediaThe eastern side of the bay, consisting of Alameda
and Contra Costa counties, is known locally as the East Bay.
The East Bay is split
into two regions, the inner East Bay, which sits on the Bay shoreline, and
the outer East Bay, consisting of inland valleys separated from the inner
East Bay by hills and mountains.The inner East Bay includes the
western portions of Alameda and Contra Costa Counties, including the cities
of Oakland, Hayward, Fremont, Berkeley, and Richmond, as well as many smaller suburbs
such as Alameda, Castro Valley, Newark, Union City, Emeryville, Albany, San Leandro, San Pablo, El Sobrante,Pinole
, Piedmont, and El Cerrito. The inner East Bay is more
urban, more densely populated, has a much older building stock (built before World War II) and a more ethnically
diverse population.
Oakland hosts the region's largest seaport and professional sports
franchises in basketball, football, and baseball. As with many inner urban
areas, the Inner East Bay also features a high incidence of crime as well as
other socio-economic problems. According to the FBI Uniform Crime Reports,
more than 50% of all homicides in the Bay Area in 2002 occurred within the
city
SAN RAMON Real Estate Market Watch
Latest Full Months
Statistics for San Ramon Homes
(Source: MAX Contra Costa/Alameda MLS)
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Previous
months figures shown in parentheses
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Detached Single Family Homes
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Condominiums, Town homes, others
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New Listings
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103(99)
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33(36)
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New Sales Agreed
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51(46)
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17(31)
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Closed Sales
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36(12)
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14(9)
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Median Price
(Closed Sales)
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$664,000
($597,000)
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$350,000
($294,900)
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Average Days on
Market (Closed Sales)
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66(41)
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67(97)
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At the beginning of March, 2009, there were 241 detached
single family homes for sale in San Ramon (up just a little from 205 a month
ago) and 101 condos and town homes etc. against 82 a month ago. No surprises
there. This is traditionally the time of year when more San Ramon home owners
can be expected to list their homes for sale and a number of these were homes
coming back on the market that failed to sell last year. It is worth noting
that many of them are now being listed for sale at much more realistic
prices.
Take a look at the change in the
median home price of closed sales in San Ramon. Not as high as in January,
but it has bounced back from February. Does this mean we have passed the
bottom of the market? It really is a little early to say. Next month's San
Ramon home sale figures will give us a better indication.
There are a couple of changes in the
market that can't be seen in the above figures. First of all, it is worth
noting that there are certainly many more potential buyers out there than at
any time in recent months. I am aware of quite a few situations where sellers
have received multiple offers on their homes shortly after listing them for
sale. And I am not talking about bank owned foreclosures either.
Additionally, although bank owned
foreclosures are still being listed for sale, I observed that they are not
being offered at such bargain basement prices as before. Could it be that the
banks are anticipating increased buyer activity that could drive up prices?
Who knows? It does seem that bank owned foreclosures are becoming less of a
great deal than before though.
San Ramon real estate has historically proven
to be one of the best investments in the San Francisco East
Bay. This is the premier
web site for buyers and sellers of residential San Ramon real estate.
Here you can search
the MLS, sign up for free Listing Alerts and learn about our
communities and award winning schools.
San Ramon Real Estate Costs
San Ramon homes are as varied as Condominiums
and Castles. Entry level homes start below $200,000 (condominiums) while
there is still lots of choice in the $1-2 million price range. San
Ramon Real Estate has seen continued growth from the 1970s up to the
present day. Most recently, Shappell, Lennar Homes and others have begun to
build hundreds of San Ramon homes for the 21st Century in Gale Ranch and Windemere.
San Ramon is a well-established family
oriented community situated in Central
Contra Costa
County towards the
South end of the San Ramon Valley. Residents typically
commute to San Francisco and San
Jose (and beyond) as well as to many other cities in the East Bay
such as Walnut
Creek and Concord.
The San Ramon Valley runs North-South from Martinez
to San Ramon along highway 680 and the largest community
here is Walnut
Creek, which is situated by the junction with Highway 24, approximately
mid-way down the valley. To put San Ramon real estate prices
into perspective, homes here cost rather less than Danville and Blackhawk, more than
those in Dublin,
San Ramon's neighbor to the south and considerably more than
the communities at the North end of the valley.
San Ramon Real Estate History
The older part of San Ramon is at the South
side, adjacent to the border with Dublin.
Here can be found some of the more affordable single family homes in the area
with prices starting below $600,000. This area has improved considerably in
recent years as many people have improved and remodeled homes here to a very
high standard.
Moving North, the homes become more expensive. One of the
notable developments here is Twin Creeks, built in the 1970s by Dame, a prolific local
developer. Twin
Creeks homes are very varied from small condominiums through 1 and 2
story (and tri-level) 3 and 4 bedroom homes to substantial 2 story, 5 bedroom
homes with 3 car garages, often on large lots.
The 1980s saw a boom in San Ramon real estate
with numerous developments, large and small being constructed. Canyon Lakes (one of the few gated
communities here), Country View, Vista San Ramon and Canyon Creek are just a
few of these. Then later, Shappell homes broke ground in Gale Ranch, a well
planned community of several neighborhoods where homes continue to be built
to this day. Detached homes here start around $600,000 but one can easily pay
over $1.5 million.
The most recent major development in San Ramon
is Windemere,
a master planned community on the east side of San Ramon beyond Gale Ranch. Work
here began in 2001 and the neighborhoods are almost complete. In addition to
developments by a number of home-builders such as Centex and Lennar, Windemere has
numerous parks, trails, schools, a library, community center performing arts
center and much more. Note that property taxes are higher in Windemere. The
money for all of this infrastructure has to come from somewhere!
Real estate prices in San Ramon are driven by
a number of factors. Primarily though, the popularity of the area with
families is explained by the high standard of schools at all levels. This
really is a desirable place to live with low crime and a high level of social
awareness. Without doubt, San Ramon is a great place to
raise your family.
As you will have realized by now, I know San Ramon
very well and think highly of it. I live in the community and I am very much
part of it. Whether you are looking to buy or sell a one bedroom condo or a
$3million estate, when I work as your agent, I guarantee to provide you with
the highest possible level of personal service. I am tech savvy and very
responsive. You will always find me easy to contact and whenever you call me,
you will get to talk to me, not an assistant. I am totally committed to doing
everything I can to exceed your expectations.
If you are thinking
of selling, I would love to show you my Marketing Program which is designed
to get you the best price for your home in the shortest possible time. If you
are thinking about buying a home anywhere in or around San Ramon, please
sign up for my Free Homes
By Email Service to get details of homes for sale sent to you by email as
soon as they come on to the market.
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Featured San Ramon Neighborhoods
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These are just a few
of the San Ramon neighborhoods. I plan to add more soon.
If you have questions related to living in San Ramon or if
you would like information about any neighborhood that you don't see
listed, please
contact me by email or and I will be happy to provide you with all the
information you want. I have the answers to all of your questions.
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limits of
Oakland and Richmond. The homicide rates have steadily increased, as 2005 had
the highest homicide rates for both Richmond and Oakland in many years.
- The outer East Bay consists of the
eastern portions of Alameda and Contra Costa counties and is
divided into 5 distinct areas: Lamorinda, Central Contra Costa County,
East Contra Costa County, the San Ramon Valley, and the Livermore-Amador
Valley. The word Lamorinda was coined by combining the names of the
cities it includes: Lafayette, Moraga, and Orinda. Walnut Creek is situated east of
Lamorinda and north of the San Ramon Valley and, together with Concord, Martinez, and Pleasant Hill comprises Central
Contra Costa County. The cities of Pittsburg, Antioch, Brentwood, Oakley and the unincorporated areas
surrounding them comprise East Contra Costa County. The cities of
Dublin, Pleasanton, Livermore, comprise the
Livermore-Amador Valley (sometimes joined with the San Ramon Valley and
called the Tri-Valley), or more popularly
referred to as the Livermore Valley because Livermore
is the largest city in the valley. The San Ramon Valley consists of Alamo, Danville, Diablo and its namesake, San Ramon to the south. The outer
East Bay is connected to the inner East Bay by BART, Interstates 80, 580, and 680, and State Route 24 via the Caldecott Tunnel. The outer East
Bay is particularly urban in Livermore, while being part suburban in
Pleasanton-Dublin, and its infrastructure was mostly built up after
World War II. This area remains largely white demographically, although
the Hispanic and Filipino populations have grown significantly over the
past 2-3 decades, particularly in the Concord area.
Except for its
mountains and hills which remain undeveloped and some farmland in eastern
Contra Costa and Alameda Counties, the East Bay is highly urbanized. The East
Bay shoreline is an urban corridor with several cities exceeding 100,000
residents, including, Walnut creek, San Ramon, Danville, Pleasanton, and
Dublin. In the inland valleys on the east side of the Berkeley Hills, the
land is fairly well developed, but there are areas which are still rapidly
growing, particularly on the eastern fringe of Contra Costa county and the
Tri-Valley area. In the inland valleys, the housing stock tends to be more
suburban, the population density less and the cities smaller. The only cities
exceeding 100,000 residents in the inland valleys are Antioch
and Concord.
East Bay cities includes:
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