Believe it when we tell you we have very low inventory of homes for sale in East Bay CAarea.
If you’re buyer’s agent, then you share in the angst of finding suitable properties for your clients, only to find yourself in a bidding war more than once.
Here’s a look at some of the East Bay cities. To give you an idea of the size of the city, I’ve provided the latest population count.
|
City |
Population |
Offered or sale as of July 21, 2012 |
|
73,812 |
65 |
|
|
112,580 |
87 |
|
|
46,036 |
77 |
|
|
23,549 |
18 |
|
|
214,089 |
202 |
|
|
146,069 |
121 |
|
|
70,285 |
90 |
|
|
10,667 |
14 |
|
|
390,724 |
459 |
|
|
84,950 |
71 |
|
|
72,148 |
67 |
|
|
64,173 |
79 |
|
| This averages up to 112 homes for sale for every 100,000 people |
Just remember, bidding doesn’t always have to be over the list price because the list price is merely a starting point depending on the seller’s and the agent’s pricing strategy. Some properties are priced deliberately lower than market value in order to stimulate maximum interest. While other are price slightly higher in anticipation of the natural inclination of buyers to offer less.
Also note: cash doesn’t always win either.
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