RE: [San Leandro] - RealWatch, New: 7, Reduced: 3, Sold: 6 - what's up with the low asking prices?

Hi Mary,

I feel your pain.  But you have to realize that the Oakland homes (that you reference) never went down like our homes did.... while we experienced a 40% drop they experienced a 5-10% drop.  Our prices are going up (click here for a three year look at pricing in San Leandro for 94577)

Trouble is that if people were to ask for prices far above the market price... they would not be able to access financing since the recent comparable sold pricing would not support the asking price.  The upward pricing momentum is happening... we'll just have to let it continue to play out.

Thanks,

Wayne Gregori
Cell: 510-219-3887
wg@gregorigroup.com

On Thursday 04/04/2013 at 4:52 pm, marykencan@cs.com wrote:

Hi Greg.  I and my friends are upset with the low price people are listing there homes for here in Bay o Vista , I talked with my neighbor and she told me the real estate agent  told her to list it for that price ,Same House in Oakland Hill asking price double our prices here

 

Sent from Windows Mail

 

From: wg@gregorigroup.com
Sent: ‎April‎ ‎4‎, ‎2013 ‎1‎:‎03‎ ‎PM
To: sanleandro-gregori@topbayagents.com
Subject: [San Leandro] - RealWatch, New: 7, Reduced: 3, Sold: 6

 

I hope that you find this current market information useful. Should you have any questions about any of these properties please contact me. If you've been forwarded this email by a friend or neighbor and would like to subscribe click here. [ Image ] Wayne Gregori The Gregori Group Email me RealWatch for San Leandro  Category Description Economic News Good news for San Leandro - Greater than 300 Characters... (Click for Full Text) Go To--> Market Activity During the Last 7 Days (San Leandro single family homes) 7 - Newly Listed Homes for Sale (last week) 3 - Price Changes of Previously Listed Homes (last week) 6 - Sold Homes (last week) Overall Property Inventory Statistics for Single Family, Condos and Townhouses: 89 - Total Number of Properties Currently For Sale in San Leandro 19% of the total number of homes (17 properties) for sale in San Leandro are distressed sales (REO, Short Sale) 1 - Total number REO's (Bank Owned) properties for sale in San Leandro 16 - Short Sales - Total number of properties trying to complete a short sale in San Leandro Additional 7 Day Market Reports: Alameda,   Alamo,   Albany,   Berkeley,   Castro Valley,   Dublin,   El Cerrito,   Emeryville,   Fremont,   Hayward,   Livermore,   Newark,   Oakland,   Piedmont,   Pleasanton,   San Leandro,

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