Broker's Tour Update and Market Review |
78 homes on Brokers Tour today. There are plenty of homes on the market for buyers to consider. Look at these numbers:
Homes Currently Listed For Sale on the MLS
San Ramon: 200
Danville: 117
Blackhawk: 38
Alamo: 29
Walnut Creek: 114
If I was going to list my home for sale anywhere in this area right now and I really wanted to sell it quickly I would want to be sure that the price was very competitive with everything else on the market. It's all very well to base a sale price on comps over the past 6 months (the only realistic approach in a rising market) but when there is that much competition out there, it is fairly obvious that the most important question a seller has to ask is "Are there other homes on the market at or below the price of my home that look like better value?" If the answer is "Yes", the price is too high.
