I have many observations to make on the Windemere market in San Ramon but if I truly tell you the expletives I would use, it would not be pretty.The agents who control the inventory and list homes here are probably lying to get these listings.
It is an amazing sight to watch people list their homes at prices that are not supported by the market. There are times when the sellers insist on crazy prices and many times it is the Realtors who guide them to do it. Feed the seller what they want to hear and get your sign in the front lawn.Great agenda!
But this agenda backfires. We currently have 53 homes listed in the market.7 homes have had price changes;I am predicting that 11 more listings are going to have a price reduction soon and the rest of the well priced listings suffer because of them ! Why? Because the buyers perceive that the prices are coming down so they should wait till all of them drop further or make low offers to snag a deal.
When price changes happen they depress the complete market.Buyers don’t understand that they were overpriced in the first place and then generalize for all available inventory. The sellers want more so they fall for the flash and false promises of their agents. Don’t get your house to be contributing factor to creating downward trends. The internet is littered with price data and you are skewing the numbers.
Given the way the market is, I highly recommend to get an independent appraisal done on your house. Make that small investment to give you a clear indication as to where your home’s value is or ask someone who can give you a desktop AVM.Let that be your guiding factor on your price range.
Windemere is still a very hot sub division and people want to move here despite complaints of higher taxes.Sellers need assurance that their house will sell in a timely manner and at a decent price; Buyers too need reassurance that things will not turn 180 degrees south as soon as they buy the house.Inexperience and lying is hurting the consumer confidence- and we see that filter down from a national level.
When Realtors skew market statistics just out of frustration or desperation, they hurt everyone in the process. Quit it people, this is serious- you are not a part of the solution but a part of the problem.