September 30, 2007
Berkeley: Every Sale Tells A Story — This One’s An Old One
Here we go again — another glaring example that market conditions are entirely irrelevant if a home is for sale is in a neighborhood in which enough people are veritably desperate to live.
130 Parkside Drive in the Claremont neighborhood went on the market in July for $1,550,000. It sold shortly afterwards for $2,050,000 — 32% above asking — even though this house needed some serious work.
It has good bones, though, and an above-average sized back yard. But — and by far most significantly — it is in a prime location. Never let it be said that location is not the single most important thing about a home.
Here are the thirteen homes that were recorded as having been sold last week in Berkeley, Parkside among them:
