Where are we now?

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The short answer seems to be “too high”. In reviewing the current homes on the market in the North Area of San Leandro, we see an average list price of $419K and an average pending price of $349K. That’s a difference of almost 17% between what sellers are asking and where buyers are comfortable putting an offer in.  It looks better when you get to sales, with an average sales price over the last quarter of $372K. Another interesting point is time on market. Active homes have been on for an average of 78 days, pending for 55 and sold for 46 days. This shows that homes that are well priced will receive offers first, and anything that’s priced too high will wait longer before getting that offer, most likely after a price reduction

The take-away? This is not the time to dip your toe in the water, “just to see if I get an offer”. A house needs to be priced aggressively to sell, or it won’t sell at all.

Category : Blog

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Since 1970 Rinetti & Co. Realtors has been selling residential and commercial real estate throughout the greater East Bay. We are boutique real estate company with a single focus, exceptional customer service from start to finish. Rinetti & Co. Realtors has the experience and practical knowledge to adapt to changing market conditions while providing our clients expert advise when buying or selling a home. If you’re considering making a move please contact us and see the difference Rinetti & Co. Realtors can make for you.

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1103 MacArthur Boulevard
San Leandro, CA 94577

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Pleasanton, CA 94566
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