CBS Channel 5 recently ran a story outlining how highly rated schools in the San Ramon Unified School District are leading to a tight housing market.
San Ramon homes are an excellent value when compared to those in other high performing school districts such as Palo Alto and Piedmont. Comparable homes can run hundreds of thousands of dollars less, but the area is considered just as desirable for raising a family.
The area has diverse demographics, drawing new families not only from other parts of the bay area but from around the globe as well. Every year the district has averaged from 700 to 1000 new students. Due to an antiquated formula for calculating school funding, the San Ramon district actually receives less State money than the average per student. Parents in this area are known for their generosity of time and money to help make up for the yearly budget shortfalls. Parents will overcome a lot of challenges when it comes to providing the best possible education for their children!
All this, on top of a market shortage of homes for sale, has made the San Ramon real estate market hot, hot, hot. We’re seeing multiple offers, often over asking price, in the first week that new homes hit the market. As a San Ramon resident and expert on the local market, I can help you whether you are looking to buy or take advantage of this excellent time to sell!
If you want to see the entire story, here is the link: http://sanfrancisco.cbslocal.com/video/7809119-good-schools-leading-to-tight-real-estate-market-in-san-ramon/