Berkeley: Price Reductions In Key Spots Mean Just One Thing

Definitely more price cuts to report today than usual — all jolly good news for buyers.

It’s the location of some of these homes that suggests to me that things have finally started to slow down at the higher end of the market in Berkeley. In more buoyant times, homes would definitely not be lingering and enduring price cuts on Woolsey Street, Wildcat Canyon Road or Spruce Street.

The time might be right to pounce, folks.

1142 Woodside Road: 3/2 contemporary in Berkeley hills — down to $749,000.

1527 Grant Street: updated 3/2 bungalow — reduced by $103,000 to $799,000.

1010 Wildcat Canyon Road: 3/2 rustic, one-level house overlooking Tilden Park — down to $789,000.

545 Panoramic Way: 2+/2 “tree house” with luxury master suite (above) — reduced to $849,000. (My pick of the day — just check out that bath tub and that Craftsman meets Modernist vibe.)

734 Cragmont Avenue: 3+/2 Mediterranean with views and artist’s studio has its second price cut from $1,095,000 to $1,070,000.

2808 Woolsey Street — this 3/2.5 traditional with cottage only went on the market in mid-September, but it has already been reduced from $1,3750,000 to $1,250,000.

144 Bret Harte Road: a 3++/3 1930 Reimers craftsman with bay views which came on the market for the first time in 30 years — down from $1,399,000 to $1,300,000.

1097 Creston Road — 5/3.5 with Bay views and chef’s kitchen — down from $2,800,000 to $2,695,000.

770 Spruce Street: a “large” home with views in North Berkeley — cut from $1,170,000 to $1,095,000.