Is there any good news for San Ramon?

And the answer is YES.I am switching off my tv for good as the bad news everywhere is giving me a brain freeze. At the same time I am not in denial. I still have enough intelligence to understand that everyone is hurting. And at the same time I also understand that this is the time for those who have the resources to afford a home to get off that fence to grab a deal.

Everyday I hear my buyers saying that we are halting our search because our friends tell us that the market will tank further.Really?? I would like to take a glimpse into that crystal ball too to see if I am wining the Super Lotto next week. The funniest bit of this all is that people went and invested( and sometimes recklessly) all their money in stocks like there was no tomorrow.Was there not even a slightest bit of fear there?

We are in a cycle of self fulfilling prophecy of FEAR. It has always been this fear factor that has historically been the causes of downturns and upswings. People will jump onto the bandwagon in fear that they will miss out in reaping astronomical profits by not buying real estate and also jump onto the same bandwagon in fear that real estate will sink further. We are humans and we are herd followers.Smart investors find this to be an amazing time to buy real estate.If you are willing to go back to the basics and consider Real estate as a long term investment, there could not be a better time than now.

During the holidays while everyone was celebrating Christmas, I was pulling stats on my local market. In the frenzy of the media's " All hell is breaking loose" anthem, people tend to forget that every market is local. You have to examine the market you want to sell or buy in to make a decision whether the market is heading upwards or downwards. Hence the decision to display the results.. and if anyone has questions, call me.

I have compiled data for the city of San Ramon, which clearly indicates that prices have come down substantially but at the same time inventory is down, days on market have reduced, prices are almost at a static level. What does this mean? For sellers who have been contemplating to put their house on the market, this might be a good window of opportunity.If the price is right, your home will sell.And the key is to work with a Realtor who knows your market inside out and have the capacity to give you a pricing guide even without looking at comps ! And yes, I will tell you that working with so many buyers, I know how the buyers' brain is pricing the home.

If you are in the market to Sell or Buy, please take a note of these other graphs and charts which will speak for themselves.
Detached Homes
Attached Homes
Housing Analysis for year 2008