Closed sales of single family detached homes in San Ramon fell to their lowest level since March, while median prices increased. 55 sales closed in August, down 27% from 75 in July. August’s closed sales were also 33% lower than they were in August of 2011 when they hit their two-year high of 81.
The median sales price increased about 4% to $753,000 in August from $725,000 in July. August’s median sales price was $33,000 higher than August 2011. The median price per square foot was also higher in August ($310) than July ($305). The sales that closed in August received 99.4% of the asking price, little changed from 99.2% in July. There were three sales for more than $1 million in August, down from six in July.
August’s closings were on the market an average of 32 days, compared to 28 days for sales that closed in July. Only six of the properties were distressed (short sales or REO), the fewest in over two years. Distressed sales represented only 11% of all closed sales in August. The median age of closed sales in August was 16 years, down from 28 in July.
Here is a list of all closed home sales in San Ramon in August: