• Sumo

San Ramon short sale statistics 2012

We have studied a lot of the housing statistics for San Ramon including short sale housing stats, from January 1, 2012 through October 1, 2012, and here they are!

• Short sales: As of 10/3/12 there are currently 8 active short sales on the market ranging in list price from $200,000 to $899,000. This number is very low and we can see that the number of short sales have decreased in the last 6 months. San Ramon has 110 short sales pending, ranging from prices of $99,000 to $1,399,000. These are transactions where the lender must approve the list price and/or the offer price, so we don’t yet know what these homes will close at. There have been 229 short sales closed from Jan 1, 2012 through Oct 1, 2012, and the sold prices range from $102,800 to $1,470,000. We are certainly see the number of NOD (Notice of Defaults) decrease in 2012 and thus less homes being sold as short sales
• Foreclosures/REO: As of 10/3/2012 there are only 5 active REO properties in the market in San Ramon, which is down by quite a bit from a year ago. The price of active REO properties ranges from $200,000 to $899,000. Pending property listing count is at 6, which range in price from $169,000 to $540,000. And for REO sold in 2012, there have been 105 properties sold from Jan 1 to Oct 1, ranging in price from $113,000 to $1,225,000. We have seen bank owned/REO property volumes plummet in San Ramon over the last year, partly due to banks opting for loan mod or short sales for homeowners. We expect this drop in REO volume to continue in the local areas
• Equity Sales: The number of active equity sales (properties where the owner makes a profit on the sale) in San Ramon is 37, ranging in price from $205,000 to $1,225,000. Stats show 71 pending homes ranging from $160,000 to $1,669,000, which is still low compared to last year’s housing volume. And YTD there have been 539 equity sales in San Ramon ranging in sales price from $129,000 to $1,879,000.

If you would like more information on the local San Ramon real estate market, including short sales, equity sales, or REO, please contact us! We have experience across all types of real estate.