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What areas in San Ramon are likely to appreciate in the next 5 years?

Asked by Trulia, San Francisco, CA Fri Mar 9, 2012

What potential local factors could contribute to this appreciation?

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I think all of San Ramon will see appreciation as will all parts of the south San Ramon Valley from Alamo to Pleasanton. When markets start to recover, you first tend to see fairly uniform appreciation and then what were historically the more desirable and expensive areas see a little greater appreciation. The expensive areas get mor eexpensive, so to speak.

Having said all that, I wouldn't expect to see significant appreciation in any of our market areas. The days of 10% per year are long gone. Plan for a fairly stable market for the next year or two, then maybe 2-3% appreciation. This is sustainable. 5-10% is not.

Bernard Gibbons

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Bernard Gibbons, J. Rockcliff Realtors
DRE License # 01331583
Phone (925) 997-1585 - bernard@bernardgibbons.com

http://www.JustSanRamonHomes.com
1 vote Thank Flag Link Fri Mar 9, 2012
That is a very good question!!
Real Estate markets always go in cycles. Over the last 5 years or so we have been in a falling cycle. Our market has now stabalized and showing signs of recovery in nearly all of our East Bay areas. San Ramon's market has become very active with a high demand and very little inventory. When the market rises or falls the entire area seems to adjust together. San Ramon and all of the cities in our valley have so much to offer they will all appreciate together. Right now the areas with the highest demand are the newer areas, Windemere, The bridges and all of the Gale Ranch areas. Really any home in our mid market here in San Ramon, the $600,000-$900,000 or so are showing the best appreciatiation. Now that we have hit bottom and we are seeing improvement, I don't think you can go wrong in any area of San Ramon, Danville or our 680 market.
Best of luck to you,
Lisa Doyle
(925)890-7443
1 vote Thank Flag Link Fri Mar 9, 2012
San Ramon is poised to be the Hub in the east bay and will experience appreciation growth throughout the city. There's not going to be one area appreciating significantly more than another.
San Ramon caters to a diversity of home buyers and offers smaller starter homes, mid range comfortable homes to executive larger estates. Several factors attribute to the migration of families wanting to live here. Outstanding schools, community activities, headquaters to many fortune 500 companies, reasonable commute to the south bay and San Francisco and hopefully soon a beautiful downtown. Also, it's fantastic for those who love the outdoors. Hiking and biking trails meander throughout the canyons. Parks are abound with basball fields, soccer fields and running fields. Demand for housing is strong and supply is very low. It's a gem of a town and if you have the opportunity to buy here, do it.
0 votes Thank Flag Link Thu Mar 22, 2012
Mainly Gale Ranch and Windemere area due to newer homes and great schools.
0 votes Thank Flag Link Wed Mar 21, 2012
The likelihood is that homes in San Ramon and throughout the 680/24 corridors and indeed throughout the bay area will see some appreciation in the next 5 years. Right now however based on the actual stats for the area San Ramon is behaving almost exactly like the region as a whole. The number of single family homes sold since the first of this year is down about 10% from the same period a year ago. The average sales price is down about 2% from the same period a year ago. The number of homes actively on the market for the region is approaching historic lows with fewer than 700 properties available in the entire 680/24 corridors ...about 38% of what is needed to have a true Neutral buyer/seller market... and unless that ratio changes there will ultimately be some strong appreciation.

Steve Curtis
Broker / Owner
Windermere Bay Area Properties
0 votes Thank Flag Link Fri Mar 9, 2012
ALL of it! But remember an owner occupied house is NOT an investment. It is a liability. So this question applies only to investment property speculation. And in my opinion, San Ramon is not an investors marketplace.
0 votes Thank Flag Link Fri Mar 9, 2012
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