Houses in San Ramon cover diverse sets of homes and price ranges. From affordable townhomes and condos, patio homes, luxury homes and many other developments of single family homes. Hence, it is no longer surprising why many buyers are interested in San Ramon homes. If you are also interested in San Ramon homes for sale or are thinking of living in a new neighborhood and San Ramon is on one of your lists, then this article will be very helpful for you.
The pending sales of คอนโด detached single family homes in this area continued to be strong during November of 2011, while the inventory keeps on decreasing. However, the decline in sales pending was entirely due to the market for properties listed below $1 million. If you are not familiar with the term sales pending, it usually means that a contract has already been issued for the house and there are no outstanding contingencies. All that's left is for the attorneys to compile all documents for the buyer and seller.
In general, there were a total of 60 pending sales during the month of November of 2011, a decrease of 14% from 70 in the month of October of the same year. If this is compared to the previous year's market activity, there were only 54 pending sales in the month of November in 2010 and 39 in 2009. Inventory continued to also drop significantly since October, falling to 119 at November from October's 15, a total decline of 32 homes or 21%. The inventory in November of 2011 was also lesser than it was in November of 2010 where there were 132 properties in the market. As a result, Inventory relative to sales pending slightly dropped to 2.0 month in November 2011 from October's 2.2 months.
For the properties listed below $1 million, 89% of inventory is from this market segment and 92% of sales pending of November. The pending sales for this market segment dropped 15% or 55 in November of this year from October's 65. Inventory dropped 21% or 106 at November from October's 106. Hence, Inventory relative to sales pending dropped slightly to 1.9 months in November of 2011 from 2.1 months of October.
As for the properties for homes listed more than $1 million, its sales pending remained stable at 5 for the month of November. However, inventory dropped by 3 units or 19% to 13. Inventory relative to sales pending dropped to 2.6 months at the end of November 2011 from 3.2 months of October. This market segment accounted for 11% of inventory in November and 8% of sales pending.
Overall, the real estate market for San Ramon in November was a month with strong activity in sales pending. Inventory dropped significantly, which is already expected at this time of the year, yet the high demand implies good signs for the coming year.
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