South County Realtors Association Wednesday Meeting

Our January 14, 2009 meeting of the south Santa Clara County Realtors in Morgan Hill included many new real estate listing announcements, several price reductions advertised and 17 sales for the week announced by the Realtors in attendance.  I always try to attend these weekly meetings so that I can be informed on new listings that haven’t yet been submitted to the multiple listing service and to mix and mingle with the other Realtors.  It is a benefit to my clients that I know so many of the local Realtors personally because it is a definite advantage when negotiating a contract with them.

One home was on tour this morning, 2193 Windemere Court in Morgan Hill.  The list price is $3,150,000.

2193 Windemere Court, Morgan Hill

This gated estate is a total of 7,783 sq.ft. on a 2.47 flat acre lot located on the eastern edge of the valley.  The main house has 6 bedrooms and 4 1/2 bathrooms and the attached guest house has 1 master bedroom, 3 bathrooms and a pool house below with a full, remodeled kitchen.  The backyard looks wonderful for entertaining with a unique pool and outdoor kitchen.  In addition there is a vineyard, wine cellar and 6-car garage.

I viewed this home when it was on the market in 2004 and it sold for $1,900,000 at that time.  The current owners have greatly improved the condition since then and according to the listing agents, they have put in $500,000 worth of upgrades.  However, I feel that the price needs to be more in the middle $2 million range in order to attract a buyer.