lack of supply of good homes

The press keeps talking about the excess inventory of homes, but really if your looking for example a 4/2 with min 2000 sqft, there's very few homes worth considering in San Ramon, Pleasanton or Fremont.

At best I find 1-3 homes on the market that I would consider having my clients bid on in any week. The remaining homes are next two freeways or major arteries, or a neighborhood that isn't well kept.

I was told that 36 Canyon Hills which is in a beautiful gated community received 22 offers. A big part of that was related to it's low ball price of $585,000, but other factors included that lack of alternatives.