San Ramon Housing Market Update By San Ramon Realtor Jason Kerner

San Ramon Windemere Housing Update

By San Ramon Realtor Jason Kerner

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The current housing market in San Ramon Windemere is looking strong for sellers.  For a few months, there was concern about the shortage of inventory of homes on the market.  This shortage has influenced higher home prices for real estate listings and multiple offers for prime properties.  Last year, homes were abundant and selling on average for less than the listing price.  This year, homes are selling for more than the listed price.

What does this mean for you?  It means that this is a great time to sell investment properties or to upgrade to newer homes using the equity you have earned in your property.

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Let’s take a look at last years September sales versus this years September sales:

September 2016

  • 95 homes sold
  • $922,988 average list price
  • $921,078 average sold price
  • average 26 days on market

September 2017

  • 82 homes sold
  • $967,651 average list price
  •  $976,274 average sold price
  • average 16 days on market

Last September, 95 homes sold in San Ramon.  This year 82 homes sold in September.  Less inventory means higher priced homes and more competition.  Having the right realtor who knows the neighborhood and can price a home properly for the most competitive offers possible is critical to netting the most profit from the sale of your home.

Would you like to find out how to net the most money from the sale of your home?  Text Jason Kerner, San Ramon Realtor Broker/Owner at NextHome Premier Realty Group at 925-400-7007.   http://www.kernerhomes.com

Kerner Real Estate Team 2017 Housing Market Forecast

IMG_2502What will the housing market look like in 2017? Should we sell or not? Where should we move? Where is the best area to purchase investment properties. Depending on your financial situation, housing needs, and available cash, 2017 could be your year for investing in a home.

According to research by the California Association of Realtors and Forbes Magazine, many different factors are influencing the house market.

  1. New home builders have not increased their productivity enough to make an impact in the shortage of housing.
  2. Mortgage rates are on the rise, but still affordable.
  3. Research show that more Millennials are beginning to buy homes.
  4. Home prices will rise slowly.
  5. Existing home inventories will not satisfy demand.
  6. Homes in California are still expensive. Home sales will increase in less conveniently located areas. Home prices will increase in the more desired locations.
  7. Renting homes has increased in popularity. If you are looking for investment properties, this could be the right time to buy.

To discuss the San Ramon Windemere or Gale Ranch housing market outlook, investment properties or relocating, give me a call at 925-400-7007.

For additional information, visit the Forbes Magazines article “Housing Outlook 2017- Eight Predictions from the Experts” at http://bit.ly/2i9UqgB  and the “CAR 2017 Housing Market Forecast” at http://bit.ly/2jgw9EF