Berkeley Real Estate 
There are currently 3 blog entries related to this category.
1st Quarter housing figures are in for Bay Area home sales
Monday, April 27th, 2009 at 11:41am. 193 Views, 0 Comments.
The figures for the 1st quarter have come in with some predictable results. Housing sales are way up (almost 200% in Hayward!) with the bulk of these sales in the lower end markets. Foreclosures have been the bread and butter of this market with Short Sales and REOs bringing in buyers from all over. I've had one eager man in New Zealand who has been buying up properties in Richmond.
The low interest rates combined with the $8000 tax credit has made first-time buyers and investors dive into affordable East Bay and Oakland Real Estate. The median sales price of homes sold has dropped dramatically because of the focus on the lower end market. The median price of a Oakland home sale has dropped 70% since the same quarter last year. While many areas of Oakland…
Steal this Home $299,000 - Part II
Tuesday, February 24th, 2009 at 1:03pm. 88 Views, 0 Comments.
So the auction for the 'perfect' house in Berkeley had some bumps along the way. At the last minute, a termite report was produced which detailed $14,000 to $24,000 in repairs. Personally, I would never trust a report with that much leeway, especially one that came in the day before the auction. The auctioneer had previously assured me that the termite work had been cleared two years ago so this was troubling to me.
Plenty of people showed up in the rain to bid but ultimately the home didn't sell. The reserve was $525,000, which might have been fine if there was no additional work to be preformed, but that termite report was looming. The home is back on the market for $525,000 or best offer. Good luck to the sellers because they have had the hardest time…
Steal this Home! $299,000 auction home in Berkeley.
Saturday, February 21st, 2009 at 8:19pm. 85 Views, 0 Comments.
It's not every day that a nice home in the Bay Area is auctioned off. Usually auctioned homes are the dregs of the area, those that no one wanted to buy on the regular market, a cross between a fixer and a teardown. That’s why I was pleasantly surprised to see such a 'perfect' home in Berkeley ready for auction. The owners had obviously taken care of the home, and had painstakingly addressed every detail. The roof and foundation were new. The floors were freshly sanded and finished. The bathroom had been remodeled and the large kitchen had been tastefully finished. In the well manicured backyard there was a studio trimmed with wood that was used as an office.
So why was the house being auctioned off? The owners had always paid their mortgage, their bank…
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