Norris Canyon Estates San Ramon Market Update June 2011

June 15, 2011 • San Ramon, San Ramon Neighborhoods

The Norris Canyon Estates and Roubion neighborhoods of San Ramon have seen steady activity over the past six months. Five sales have closed in the neighborhood, although none since March. An additional 7 sales are pending and there are three active listings. More than half of the active listing, pending sales and closed sales in the past six months were distressed (short sale or REO)

The three active listings have an average list price of $1, 596,330 or $281 per square foot. They have been on the market for an average of 134 days. The first Ashbourne Circle home listed in the table below is a short sale.

The seven pending sales are listed at $1,349,856, on average, or $268 per square foot. These homes have been listed for an average of 111 days. Four of the seven homes were distressed.

The five closed sales had an average sales price of $1,436,200 or $268 per square foot. They were on the market for an average of 103 days and sold for 95% of their asking price. Three of the five homes were distressed.

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Norris Canyon Estates are high end luxury homes in a secluded, wooded setting in the hills of West San Ramon. Homes feature 3 and 4 car garages, luxurious master suites, several fireplaces, custom kitchens and finishes, and more. Lots range from 1/3 to 1/2 acre, many of which boast incredible views of the hills and valley. Roubion is the final phase of Norris Canyon Estates and features luxury homes 1/2 to 1 acre lots, many with views.

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