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The San Ramon Real Estate, particularly the neighborhood of Old Ranch Estates and Summit has had a slow and barren year so far, and it was caused by a lack of inventory which furthered to a lack of activity in the neighborhood. It is typical for the Old Ranch Estates neighborhood to have about one sale each month but its sales seem to have dipped a big deal with only two closed sales this year, and one additional pending sale. Also, there are no active listings.
It's only sale in pending is located on Rubicon Valley, and is a short sale. Its amount is $779,000 or $284 per square foot and it's been on the market for 53 days.
This year's statistics is a lot different from this year's. Last year, there were a total of four closed sales at $954, 847 or $33 per square foot. The homes were sold for about 87% of the asking price and they were only on the market for 51 days. None of these homes are short sales or REOs either.
Old Ranch Estates are high-end properties with elegant floor plans located in the Dougherty Valley area of San Ramon. One of the advantages of this property is having spacious lots which range from 0.25 to 0.40 acres. Also, most homes in this area have snazzy views to open space.
Like Old Ranch Real Estates, the Cimarron Hills and Woodranch neighborhood of Danville is an upscale community located in the Tassajara Valley. Many of the homes of this neighborhood back to open space and they have breath-taking views of the hills and Mt. Diablo. It features commendable community facilities including a pool, cabana and tennis courts.
These beautiful neighborhoods of Danville have shown favorable activity in the last six months, picking up from its previous state. It always had an average sale of one every month but it yields in the last six months total to nine closed sales or about 1.5 times its normal activity. The particularly active month was July with four closed sales. There are two more sales in pending and two active listings.
The average asking price of those two active listings is $925,000 or $306 per square foot. These homes are not short sale or REO. Also, they have been on the market for 106 and 13 days, respectively.
On the other hand, the average list price of the two sales in pending is $764,950 or $280 per square foot. They have been on the market for 66 and 22 days, respectively. The one on Fairview street is REO and the one on Auburn Court is a short sale.
For the nine closed sales, the average sales price was $1,001,144 or $328 per square foot. These listings were on the market for 55 days on the average, and they were sold for about 98% of the asking price. 15 Hidden Crest court was REO and 35 Stanton Court was a short sale.
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