"Has the downward pressure on prices and foreclosures resolved at this point and would we be able to sell a home we purchased in San Ramon if needed?"
I agree with the comments below and specifically agree with Ron's advice to "go with the house"; provided a true downtown is a "take it or leave it" requirement.
Since schools will be important for you I suggest you take a peek at http://www.SchoolAndHousing.com
Based on property address, this site provides attendance area schools (Public, Private and Daycares) along with useful statistics and other information. Before making an offer you should call the School District to CONFIRM the schools the property will feed to!
Ask your Agent to provide you the statistics for Pleasanton and San Ramon as far as the foreclosure pipeline.
You can't go wrong with either Pleasanton or San Ramon. You will find homes in San Ramon to be a bit less expensive in comparision though. I personally grew up in San Ramon, work out of Pleasanton and live in Dublin. To be honest with you there's no other place I'd want to be raising a family.
It is a Sellers market in both San Ramon and Pleasanton so be ready to have competition on any home your interested in and be ready to act quick on a home otherwise you run the risk of losing it. Being from the area I'm more then happy to assist you with anything you need. Feel free to contact me at (925) 480-7183.
Better Homes and Gardens Tri Valley Realty
You really can't go wong with either of these places though. Great schools (which drive real estate prices), low crime, great climate. I don't think you will find a better combination.
Bernard Gibbons, J. Rockcliff Realtors
DRE License # 01331583
Phone (925) 997-1585 - firstname.lastname@example.org
We are thinking about moving back.
Choosing between S.R. and P. is a really nice conundrum; you cannot go wrong:
Both have great schools, beautiful neighborhoods, nice people and the prices are probably about the same. Pleasanton is little more laid-back, with a little more history.
My suggestion would be to go with the house: Find the house that is perfect and that will make your choice for you. In either case, I like the areas against the western hills.
Good luck and may God bless