Single-dwellings property changes hands for $1.4 million...
In the bustling city of San Ramon, California, the real estate market continues to reflect a competitive environment with some recent changes.
Last month, a 2,106-square-foot home located on Cartagena Lane was sold for $1,813,000, equating to a price per square foot of $861. This home, boasting four bedrooms, sold quickly, spending an average of 12 days on the market. Meanwhile, another property on Cartagena Lane, with a similar square footage and number of bedrooms, changed hands in February for $1,813,000.
Similarly, a house on Santander Drive was sold in March for $1,880,000, covering a space of 2,585 square feet and featuring three bedrooms. The price per square foot for this property was $727.
On Laredo Court, a 1,880-square-foot house, built in 1978, was sold on June 3 for $1,412,000, translating to a price per square foot of $751. This property, with four bedrooms, sits on a lot area of 4,750 square feet.
On Lagos Court, a 2,958-square-foot home was sold in March for $2,135,000, with a price per square foot of $722. This property, like many others in the area, was snapped up quickly, selling at 100% of its asking price.
The current market conditions in San Ramon reveal a competitive environment with a very competitive housing market score of 85 out of 100. The average house price in the 94583 ZIP code area was about $1.43 million last month, showing a 0.66% decrease from last year. Despite an 84% increase in inventory, homes are still selling quickly, with an average of 12 days on the market.
This suggests a fast-moving market with strong demand, where buyers have slightly more options but sellers remain in a strong position. The average home value in San Ramon is approximately $1,596,604, marking a 3.5% decrease over the past year. However, median sold prices have been reported as high as $1,632,000 and $1,870,000, indicating variance depending on the source and specific sales.
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Investors in San Ramon's real estate market should be aware of the competitive environment as evidenced by homes selling quickly and for above-average prices. For instance, houses on Cartagena Lane and Lagos Court were sold last month for $1,813,000 and $2,135,000 respectively, indicating a strong demand in the housing-market, especially in the finance aspect of investing in property.
