How Hot is Gale Ranch in San Ramon?

Smoking hot. A bank-owned listing on Atheana Ct in just went pending. No big thing there. However, the seller received over 50 offers on the property! Now that is a property in demand! It was 3021 sq ft, 4 Bedrooms, 4 1/2 Baths on a 10,000 sq ft flat lot on a cul-de-sac. It was arguably priced around $100,000 under the market, and several offers were well above $800,000. But it is a clear illustration of the demand in the market for newer homes in San Ramon. The most recent indicates that the average price per sq ft of closed sales in Gale Ranch was $285 per sq ft, which would have been a price of around $860,000. It will probably end up selling for more than that due to the incredible demand.

The take away here? (1) If you price a property low enough, it will get multiple offers and (2) Just because a property is bank owned or a short sale does not mean you are going to get a steal on it.

UPDATE: 67 Offers ended up coming in on this house