high-performing students. "
It sounds like you need a new strategy. First recognize that "list price" is not a real meaning of value. Some homes are overpriced, others about right and some low. The homes price at the low end of their market value will generate multiple offers and often the final result will be over expected market value.
You need an agent who will read between the lines and advise you of the best strategy to win in a multiple offer scenario without necessarily overpaying. If you can, find out where you finished in some of the previous offers and why your offer wasn't selected. Is your pre-approval letter well written and persuasive? Do you have enough down payment and earnest money to compete? Are you requesting a closing date that is not what the seller's want?
Values are rising and you have to consider the past 30 days closings and the trend to be competitive. I hope this helps, best of luck.
â€¢ Apple, Hewlett Packard and over 60 other tech companies headquartered there.
â€¢ Close access to ALL major tech companies.
â€¢ Access to upscale shopping in Santana Row, Valley Fair and Stanford Shopping Center.
â€¢ Close to a major international airport.
â€¢ Average house price of $1,555,000
â€¢ And so on.
â€¢ Safeway, Peteâ€™s Coffee, Zaza Nail Salon and Gayle Ranch Dental Clinic â€¦
â€¢ Close access to Chevron, AT&T and Robert Half Company.
â€¢ Access to Pleasantonâ€™s Stoneridge Mall and Livermoreâ€™s new Outlets â€¦
â€¢ Close to Livermoreâ€™s Airport and the helipad at the hospital â€¦
â€¢ Average home price is $945,000.
My conclusion: San Ramon and Windemere, specifically, is NOT the new Cupertino â€¦
However, if you want to live there, you need to pay the going rate. Just like any other community in the Bay Area. Windemere is not the only hot community around. It just attracts a certain demographic â€“ most of whom happen to work in Silicon Valley. Windemere is hot because itâ€™s a nice bedroom community and a whole bunch of people have decided they like the new homes there and want to live there.
Cupertino is hot because it claims to be the epicenter of the high tech universe. Or the world, for that matter. Itâ€™s not a bedroom community in any way â€“ and the prices reflect that reality.
I do sell/buy in the Windemere/San Ramon community. There is pricing pressure as inventory is still not meeting demand. However, I do see more $600 - $800K selling inventory improvements lately in the Windemere/Gale Ranch areas.
Depends on your definition of "huge" premium, the agent should be able to provide you good comps / market value for your offers.
Johnny Su, Broker
Premier West Realty
The goos news for you is that the market is definitely showing signs of slowing down. I personally know of a few Windemere homes that sold recently without multiple offers (sometimes to the surprise of the listing agents).