Real Estate in San Ramon, CA

Are you looking for a real estate investment in San Ramon? Let us have a quick overview of real estate trends in San Roman.

San Ramon, a Contra Costa County city of approximately 76,000 people (about the seating capacity of the Los Angeles Memorial Coliseum), is in San Ramon Valley. Most tend to associate the town with its pleasant climate and scenic surroundings, which include many trees and breathtaking views of Mount Diablo.

It was founded in 1983 in Contra Costa County's San Ramon Valley, about 40 miles east of San Francisco in the San Francisco Bay Area. There are many well-known parks, cafes, restaurants, and retail areas in San Ramon, including The Marketplace Shopping Center and Diablo Plaza. The Shops at Bishop Ranch, The Run for Education, and the annual Art & Wine Festival are just two of the numerous festivals & events that take place around and within San Ramon each year.

If you are interested in real estate investment in San Roman, here is a detailed overview of the real estate market's trends:

Real Estate Trends

According to Zerodown, single-family homes are typically $952,09k more expensive than condominiums. The list price of single-family homes increased by 6.4% over the previous week's selling price, while the list price of condominiums increased by 95.03%. Single-family homes are typically $56 more expensive per square foot than condominiums. The list price/sqft of single-family homes increased by 28.63% over the previous week's sale, while the list price/sqft of condominiums increased by 10.52%.

Single-family homes are typically on the market for one day less than condominiums. For every 19 single-family homes sold, two condominiums are sold. For every 19 single-family homes sold, two condominiums are sold.

According to the latest statistics, there are 18 new houses for sale in San Ramon, California, and there are 137 active home listings on Movoto. San Ramon, California, had a median home price of $1,499,000 in September 2022. On average, homes in San Ramon, California, sell after 41 days (about one and a half months) on the market, up from 38 days (about one month one week) the year before.

The statistics of educational institutes in San Roman are pretty promising. San Ramon, California, saw an increase in home sales in September 2022, going from 13 to 129. The Contra Costa County R-1 School District has three high and six middle schools and provides education for San Ramon. All the schools in San Ramon, California, receive an average rating of 9 out of 10 from GreatSchools.

The statistics show that purchasers are interested in moving to San Ramon. 3% of Americans who bought homes looked to move from places other than large cities to San Ramon. The three metro areas that Chicago purchasers considered relocating to were San Ramon, Ithaca, and Vineyard Haven. 76% of San Ramon homebuyers in San Roman wanted to stay in the San Ramon metropolitan area.

Climate Hazards affecting Real Estate Pricing

According to the Riskfactor, San Ramon is anticipated that during the next 30 years, flooding will significantly affect 1,640 residences. According to statistics, over the next 30 years, San Ramon is predicted to experience a 100.0% rise in the frequency of days that are hotter than 96°F. In San Ramon, 24,141 properties may experience wildfire damage over the next 30 years.

There is also a risk of wildfires. In addition to burning property, wildfires can disrupt utilities, emergency services, evacuation routes, and the local economy. Instead of the percentage of properties at risk, this is based on the level of risk the individual properties face. Over the next 30 years, there will be a significant risk of wildfire in San Ramon.

Summary of Real Estate in San Ramon, CA

San Ramon, California, experienced a seller's market in September 2022, indicating that there are more potential buyers than houses on the market.

Manufacturing, healthcare, social assistance, and information technology are important sectors of the city's economy. San Ramon is commonly referred to as a business region because many big corporations and young enterprises establish their main offices or headquarters here. Due to its steady economy, it is anticipated that the real estate market will keep expanding positively. Consequently, San Ramon is a neighborhood that is generally increasing and offers a variety of opportunities for real estate investors in single-family homes.

You can now choose whether you want to invest in San Roman by keeping the factors mentioned earlier in mind. Good luck!