July 12, 2008
Berkeley: Those Micro Markets Keep On Strutting Their Stuff
Who mentioned a housing recession?
A classic 4/1.5 brown shingle Berkeley home (pictured below) that went on the market in May for $935,000 (admittedly on the one of the city’s finest streets) sold last month for $1,301,000 (first table). (That’s 39% over asking, people.)
Also of note: I singled out 1051 Park Hills Road as a “worst value for money house of the week” when it hit the MLS back in February. This based purely on its $626 per square foot price ticket. The 4/2.5 1960s house eventually sold for 22% less than its $1,350,000 asking price at $1,100,000 (first table) .
Other homes recorded as having sold for the weeks ending, respectively, June 29 and July 6 and July 13 are shown below.
Full data for the Bay Area can be found here.
