Windemere housing activity and commentary

Fioli Loop Townhomes in Windemere San Ramon CA are a cluster of 173 townhomes tucked away on Ivy Hill Way, behind Dougherty Valley High School.Originally built by Centex Homes, now Pulte Homes was built after the completion and occupancy of Ambridge, Shellbourne and Celamonte. Fioli is the latest and last addition of townhomes in Windemere.

There are 4 plans in this neighborhood. The difference between the floor plans is in square footage and orientation of the home. The plan 4 being the largest with 4 bedrooms plus a loft and always located in the corners as they are the only units with a side yard. Most of the homes in the area have all bedrooms on the second floor with the loft on the third. Some folks converted the loft into a second Master Suite like the house on sale at 5117 Fioli Loop.

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This Fioli townhome neighborhood has a wonderful community feel to it. Evenings display a lot of children playing in the area, get togethers for Thanksgiving or Diwali; Egg Hunt and Christmas celebrations; neighbors know one another and are often seeing cheerfully greeting neighbors- what a great place to live ! The gorgeous pool and Spa overlooks the entire San Ramon Valley and the summer months have seen kids with parents enjoying the warm water !

Lately I have heard people voicing their concern about Highland Pointe- the new rental community being constructed next to the Fioli Community, at the corner of Ivy Hill Way. After speaking to the County, it is very evident that it is NOT a section 8 housing and the rumors afloat are untrue. Having sold many of these units brand new from the builder, everyone who bought homes here signed a disclosure regarding this rental complex. Here is the relevant information:

Breakdown of Units

29 Units are very low income- Income restrictions are $45,150 for a family of 4

73 Units Reserved for Low income – Income Restrictions are $64,400 for a family of 4

191 Units for Moderate Income- Income Restrictions are $ 108,300 for a family of 4

Click Here to view a list of home available for Sale in Windemere San Ramon CA

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For a Viewing of the beautiful homes on Fioli Loop and other homes in the San Ramon/Dublin and Pleasanton area, contact

Rama Mehra at 925- 236-0375 or Sunil Mehra at 925-698-1816

Rama and Sunil Mehra are available to help you with all your real estate needs including relocation to San Ramon CA, Dublin CA, Pleasanton CA, Danville CA and other nearby areas.

The month of May has been soft on Windemere prices but the activity is still reasonable. We have had a lot more inventory available and a lot more to choose from. Currently, there are 48 homes available for sale in Windemere.

4 of these homes are in the Shelbourne community, in front of Dougherty Valley High School. This community has issues with HOA litigation and major lenders are not lending in this area. Most of the buyers here are all cash buyers who are buying these as investment homes. They do make good investments for rentals because the 3 bedroom units can fetch up to $2800 in rent. You cannot get investment loans on these homes. Given these facts, I do anticipate prices to come down, going forward.

The detached homes in Windemere have also seen a price decline but I totally blame that on over pricing strategies. I have seen this happen over and over again that when activity picks up, sellers tend to over price their homes in the hope to capitalize on the traffic. The market is so volatile here that sudden gains cannot be expected. If the prices had remained steady and stable, all the inventory would be absorbed by now. But when buyers see price changes, they fear that they may drop more and hence play the waiting game. If you are in the market to buy a home, look at where the fair market values for that home are and make an offer based on that. To determine the fair market value, email Rama with the property address, city and a valid email id.

On pending sales in Windemere San Ramon, 23 homes have gone pending since may 1st, averaging at a home a day for this month. Not bad at all for activity but these closings will release data if the sold prices were very different from the List price. If you are looking to buy a home in Windemere San Ramon, contact Rama at (925) 236-0375

Windemere Pending Home Sales Summary Report

RESIDENTIAL Summary Statistics
	High	Low	Average	Median
LP:	$995,000	$429,000	$750,454	$779,000
SP:	$0	$0	$0	$0

RESIDENTIAL - Pending

SqFt	BR	Bth	LP	SqFt	DOM	LP	$/SqFt
1892	3	3	$429,000	1892	15	$429,000	$226.74
1605	3	2	$429,900	1605	23	$429,900	$267.85
1859	3	2	$549,000	1859	5	$549,000	$295.32
2346	4	3	$555,000	2346	54	$555,000	$236.57
1800	4	2	$645,000	1800	56	$645,000	$358.33
1949	3	2	$689,000	1949	14	$689,000	$353.51
2363	4	2	$709,000	2363	49	$709,000	$300.04
2232	4	2	$710,000	2232	115	$710,000	$318.10
2403	4	2	$725,000	2403	12	$725,000	$301.71
2246	4	2	$739,000	2246	11	$739,000	$329.03
2784	4	3	$749,900	2784	13	$749,900	$269.36
3269	4	3	$779,000	3269	5	$779,000	$238.30
3223	5	3	$790,000	3223	6	$790,000	$245.11
2778	3	2	$790,000	2778	14	$790,000	$284.38
2494	4	3	$799,000	2494	7	$799,000	$320.37
2953	4	3	$799,900	2953	6	$799,900	$270.88
2850	4	2	$839,950	2850	13	$839,950	$294.72
3047	4	3	$889,000	3047	50	$889,000	$291.76
3462	5	4	$899,900	3462	86	$899,900	$259.94
3984	5	4	$899,950	3984	92	$899,950	$225.89
3314	4	3	$899,950	3314	22	$899,950	$271.56
3824	5	4	$949,000	3824	24	$949,000	$248.17
4000	5	3	$995,000	4000	14	$995,000	$248.75
					Avg	Avg	Avg
					30	$750,454	$280