October 22, 2008

Berkeley Homes: It’s All Hopping And Skipping In Prairie Land

 really garber Berkeley Homes: Its All Hopping And Skipping In Prairie Landgarber5 Berkeley Homes: Its All Hopping And Skipping In Prairie Land

We’re all hurting right? The economic meltdown has affected us all in one way or another, directly or indirectly.

Well, perhaps not all of us. I hear that a certain homebuyer, feeling no compunction to bother with the tedious nitty gritty of mortgage negotiations, put down a cool $2.1 million cash — yes cash – for 2946 Russell Street this month. This 3/3.5, 3,400 sq ft Prairie-style home in The Elmwood listed at $1,950,000 but was no sooner on the open market than it was snapped up (for 8% over asking).

It seems to be part of a mini-trend, with a handful of $2m homes selling in the vicinity: 2905 Garber Street (above left), also Prairie style and also 3,400 sq ft (4/3), has its first open this Sunday, price: $1,925,000 ($599/sq ft). And nearby 59 Domingo Avenue (above right) also Prairie, also priced at $1.9m, swiftly went into contract after hitting the MLS a couple of weeks ago.

For us mere mortals, I would recommend the following two reasonably priced homes in the Thousand Oaks neighborhood:curtis albany Berkeley Homes: Its All Hopping And Skipping In Prairie Land

505 Curtis Street (right) is 2/2, 1,100 sq ft bungalow on a tree-lined street bordering Thousand Oaks but actually in Albany, with a “sun drenched kitchen”, French doors to a deck and garden and a separate studio space with a bath, built with permits. Price: $699,000 ($635/sq ft).

858 Peralta Avenue: this 2/1, 1,004 sq ft Berkeley bungalow has been completely remodeled and comes with a large kitchen, deck and garage. Price: $699,000 ($696/sq ft).

Mosey on down there on Sunday — I gather cash in hand is not mandatory.


  • Sorry this blog is gone! I really enjoyed it. Does anyone have any recommendations for another blog to replace its spot in my home page?
    Gradiva
  • Berkeleyite
    So, this really does seem to be dead... I echo the thoughts above, I really enjoyed this and am disappointed it's gone.
  • Not bad... Not bad.
  • Raj C
    Rally glad to see that this blog isn't dead. I look forward to more information and conversation.
  • Sujit (and others): Watch this space!
  • Sujit
    Blogs looks more than half dead :( This was the best RE blog out there ... sucks :(
  • I'm almost certain that street was named after me! :)
  • Mark
    I am glad to see that this blog isn't dead after the layoffs at Redfin. I was getting worried after a week with no postings. For me, I could do without the Mansion Mondays--out of my price range. I think a better post type might be Deal of the Day type for different neighborhoods around the Bay.
  • Helenka: What are average prices like in your part of planet Florida? Us Bay Area folks can take a little self-inflicted torture...
  • Helenka. Florida
    personally, I will be happy never to see anything about mansions again, pretty irrelevant and quite annoying. Nor do I think $699,000 is anywhere near "reasonable". I suppose I am coming from a different planet, non-Bay Area planet, that is.
  • David
    Bargain hunters are out for entry-level homes. Some are even cash-flow positive at the initial buy price, something that hasn't happened in the Bay Area since about 1985.
  • Sujit
    No Monday mansion this week?

    I hope that had nothing to do with the recent Redfin layoffs :(
  • Asher Hawke: I believe it's all a big conspiracy. There is no global financial meltdown, let alone a sub-prime mortgage crisis. Homes are more expensive than ever and nobody can afford them!

    Or maybe it's just that high-end neighborhoods always ride out the storm largely unscathed.
  • asher hawke
    not shocking to read...everything in Lamorinda seems to be going over asking. It seems all the high end homes (Piedmont, Walnut Creek) are going over asking, and also all the entry level homes I actually had a chance for (in San Leandro, Castro Valley) have also gone over asking...so where are the deals out there????
blog comments powered by Disqus
close