The Bridges in San Ramon
San Ramon short sale homes have been on the rise, providing some great deals for patient homebuyers who are willing to wait out the approval process. Most homeowners are looking for a deal when it comes to buying a San Ramon short sale, and here are some stats on what we have been seeing in this market.
There are currently 35 active San Ramon short sale listings, ranging in list price from $240,000-$1,550,000, and ranging in days on market from 3 days to 276 days. These listings span many communities in San Ramon including Norris Canyon Estates, Twin Creeks, Bollinger Hills, Windemere, Gale Ranch, and the Bridges.
There are currently 167 San Ramon short sale homes pending, ranging in list price from $97,000-$1,599,999.
According to year to date statistics, there have been 214 San Ramon short sale homes sold in 2011, ranging from $109,900-$3,500,000. Days on market for homes sold in 2011 range from 0-556. We expect San Ramon short sales to remain strong throughout the rest of 2011 and well into 2012, thus reduding the number of foreclosures yet still providing great deals to homeowners.
San Ramon short sales will continue to pop on the market, and if you are a patient buyer you can certainly take advantage of discount pricing. From a buyer’s perspective, waiting for a short sale approval from the seller’s lender can take as little as 30 days, all the way up to 6 months or beyond. This will all depend on who the lender is on the loan, if there a 2nd loan on the property, if the property was a FHA loan, had mortgage insurnance, or other liens attached to the property. Also depends on the workload of the assigned negotiator.
And don’t forget, at East Bay Short Sale Group we can also help you sell your San Ramon home as a short sale if you owe more than it is worth.
Feel free to contact us for a consultation regarding your San Ramon short sale!
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