Comments on: Berkeley: Bargains To Be Had If You Know Where To Look http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html Redfin Bay Area Sweet Digs Fri, 20 Nov 2009 12:03:22 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: SF: Bubble Trouble? Someone Didn’t Get the Memo | Redfin San Francisco Sweet Digs http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html/comment-page-1#comment-8099 SF: Bubble Trouble? Someone Didn’t Get the Memo | Redfin San Francisco Sweet Digs Wed, 08 Oct 2008 06:56:37 +0000 http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html#comment-8099 [...] market is that I might see houses I can afford in neighborhoods I’d like. Fellow blogger Tracey Taylor mentioned some deals in Berkeley, even in areas considered fairly immune to economic recessions, and we all know San Francisco real [...] [...] market is that I might see houses I can afford in neighborhoods I’d like. Fellow blogger Tracey Taylor mentioned some deals in Berkeley, even in areas considered fairly immune to economic recessions, and we all know San Francisco real [...]

]]> By: tracey.taylor http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html/comment-page-1#comment-8091 tracey.taylor Tue, 07 Oct 2008 20:49:47 +0000 http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html#comment-8091 Toady: I know! Toady: I know!

]]> By: Toady http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html/comment-page-1#comment-8089 Toady Tue, 07 Oct 2008 18:59:52 +0000 http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html#comment-8089 1730 Sonoma is owned by a real estate agent. 1730 Sonoma is owned by a real estate agent.

]]> By: Tracey Taylor http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html/comment-page-1#comment-8088 Tracey Taylor Tue, 07 Oct 2008 18:33:58 +0000 http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html#comment-8088 Optionarm: You make a good point. Wouldn't it be great if someone tracked all the sales price data consistently -- and historically -- so we could get a clear picture of the trends? As an aside on pricing, I was having a conversation with a real-estate agent the other day who said that some of his clients are still unable to see the need for "realistic" pricing, never mind "aggressive" pricing. Funnily enough, he said some of the worst culprits are real-estate agents putting their own homes up for sale! Optionarm: You make a good point. Wouldn’t it be great if someone tracked all the sales price data consistently — and historically — so we could get a clear picture of the trends?

As an aside on pricing, I was having a conversation with a real-estate agent the other day who said that some of his clients are still unable to see the need for “realistic” pricing, never mind “aggressive” pricing.

Funnily enough, he said some of the worst culprits are real-estate agents putting their own homes up for sale!

]]> By: optionarm http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html/comment-page-1#comment-8087 optionarm Tue, 07 Oct 2008 18:00:08 +0000 http://blog.redfin.com/sfbay/2008/10/berkeley_bargains_to_be_had_if_you_know_where_to_look.html#comment-8087 I think your recent post was looking at the wrong metric (closing v. asking price). Prices can be falling and closing prices can still be above asking prices as long as sellers are paying attention to the market and pricing fairly aggressively. To see if prices are actually falling, you should look at properties that have sold more than once in the past few years, or have sold once in the past few years and are currently for sale. I see quite a few houses for sale where the current asking price is below the sale price in the last few years, including 44 Florida, 88 Fairlawn, 39 Del Mar, 1221 Gilman, 1305 Henry, 960 Keeler, 1142 High. That's evidence that prices are indeed falling. I think your recent post was looking at the wrong metric (closing v. asking price). Prices can be falling and closing prices can still be above asking prices as long as sellers are paying attention to the market and pricing fairly aggressively. To see if prices are actually falling, you should look at properties that have sold more than once in the past few years, or have sold once in the past few years and are currently for sale. I see quite a few houses for sale where the current asking price is below the sale price in the last few years, including 44 Florida, 88 Fairlawn, 39 Del Mar, 1221 Gilman, 1305 Henry, 960 Keeler, 1142 High. That’s evidence that prices are indeed falling.

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