There can’t be any sales if there aren’t any homes for sale and that has been the case in the Old Ranch/Summit neighborhood of San Ramon for the past two years. There are no active listings here and only one pending sale. No sales have closed this year and a total of four closed during 2011.
Regency Court is the location of the only pending sale. It is priced at $803,000 or $263 per square foot and has been on the market for 24 days. It is REO.
The average sales price of the four sales that closed during 2011 was $904,375 or $297 per square foot. They were on the market for an average of 30 days and sold for about 98% of the asking price. 300 Rubicon Valley was a short sale and 300 Holbrook Place was REO.
Old Ranch Estates are upscale homes with luxurious floor plans located in the Dougherty Valley area of San Ramon. They feature large lots ranging from .25 to .40 acres, many with sweeping views or backing to open space.