San Ramon Valley Foreclosures Up or Down?

Home prices are down but number of unit sales are up over the past 3 months. Because we have seen more foreclosures coming on the market it would make sense that the median sales price would drop a few percentage points, and unit sales would increase. The properties that are bank owned sell quickly and in some instances with multiple offers and we can only hope this will help drive the sales prices back up soon.

Nationally as reported by RealtyTrac 26% of homes sold are foreclosures.

Let’s look at the numbers for San Ramon Valley to see if our local areas fall within the national averages.

2010 Single Family Detached Homes by City:

  # Sales # Foreclosures Percent
Blackhawk 99 18 18.1%
Danville 497 34 6.8%
Dublin 358 59 16.5%
San Ramon 661 69 10.4%

2010 Town Houses & Condos

  # Sales # Foreclosures Percent
Blackhawk 9 1 1%
Danville 134 24 17.9%
Dublin 232 63 27%
San Ramon 314 79 25%

Evaluating the numbers, Townhomes and Condos took the hardest hit in 2010.  Most of these were at the lower price ranges, i.e. below $200K. Total for Single Family homes is approximately 11%, while townhomes and condos were the hardest hit with an overall 24.2% of sales being foreclosures.

2011 January & February Single Family Detached Homes By City

  # Sales # Foreclosures Percent
Blackhawk 17 2 1.1%
Danville 50 14 28.2%
Dublin 37 5 13.5%
San Ramon 64 8 12.5%

2011 January & February Town Houses & Condos

  # Sales # Foreclosures Percent
Blackhawk 0    
Danville 16 5 31.2%
Dublin 38 7 18.4%
San Ramon 28 10 35.7%

2011 figures are higher than 2010, with overall average for single family detached foreclosed homes at 17.3% and condos right at the national average of 26.8%.

 

 

 

 

 

 

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