November 30, 2007
Those Crazy Crazy Days Are Surely Gone
Always a good indication of the state of play, this week’s homes sold data for Berkeley (as in homes recorded as having been sold last week) clearly demonstrate that the bubble has largely burst even in the city’s higher-end neighborhoods.
The beautifully appointed traditional home at 3202 Claremont Avenue (above) sold fast, but went for $50,000 less than its asking price.
Over in the north Berkeley hills, the unusually designed “12-sided house” (above) at 171 Hill Road (which had our Bay Area Sweet Digs editor Susan Brady intrigued) sold for $885,000, 11% less than its original asking price of $995,000 — and that was after a price cut too.
Enough said.
