San Ramon CA — The median home prices for San Ramon fell from $760,000 in 2007 to $753,000 in Jan 2008. While this is a modest change it is a trend that is expect to continue well into the end of 2008. Overall the Contra Costa County Median Home prices dropped from $550,000 in 2007 to $464,000 in 2008. In terms of percentages this represents a -15.64% drop. Cities surrounding San Ramon were as follows, Pleasanton lost -6.91%, Dublin -19.16% while Danville saw an increase in Median Home Prices. Danville’s increase can be attributed to the new home construction which is arbitrarily inflating the prices since the builders don’t have to disclose what concessions they are giving in order to liquidate their inventories.
All in all it’s great time to buy if your a first time buyer, a move up buyer or an investor. If you are down sizing or moving out of state or retiring my suggestion is to wait till the market comes back in 2011. Although it will be a along time before we see the inflated prices of 2005.
To Your Success,
Sam Parwiz
J. Rockcliff
Danville CA
Posted by sanramonrealtors 
Danville & San Ramon Realtors's Weblog 