It Took 250 Days But They Finally Sold Their House
Et voila — the Berkeley “homes sold” data for the three weeks ending April 27, 20 and 13:
The owners of 938 San Benito Road in north Berkeley (below left) waited four months to find the right buyers but when they came along they paid $75,000 over $1,150,000 asking price (I wonder if they asked for all that craftsman furniture to be thrown in).
Two homes in the first table were ones that made the top two spots on my list of Top 5 worst value homes (based on $ per sq ft) when they came onto the market in February — which goes to show that $729/sq ft and $685/sq ft prices aren’t all that offputting for some, although neither home went for its asking price. 293 Fairlawn Drive (below right) sold for $9,000 under its $749,000 ticket price; while the buyer of 1404 Oxford Street shaved $30,000 off the $749,999 listing price.
But the saddest sales story award must go to 1532 Summit Road. This 5/4 1960s home in north Berkeley was reduced from $1 million to $925,000 in November after being on the market more than 100 days. It finally sold last month for $830,000, 17% under its original asking price, and a painful 250 days after going on the MLS.
