Berkeley Real Estate Blog

March 24, 2007

Berkeley Real Estate Market Update

Filed under: Uncategorized — serkes @ 1:40 pm

The Spring Berkeley/Oakland Rockridge Market looks very strong.

We presented an offer for a Thousand Oaks home on Thursday, and the home ended up receiving 18 offers. This is a house which was described as “embarrassingly underpriced” by a colleague, that’s why it generated so much interest.

On Thursday we also presented an offer on a Rockridge home. This priced closer to market value, and still received 4 offers, also selling for significantly above the asking price.

We’re researched the effect that multiple offers has on final selling price. Based on our research, we calculated the likely selling prices for each home.. and it looks like our correlation continues to be quiet accurate.

Why is that important to you?

If you’re planning to sell and want to sell your home for the highest possible price… you’ll be very interested in how strategic pricing works to your advantage.

Buying a home? You’ll learn the optimal price to offer to increase your odds of getting the home while not paying more than you have to… call us at 510-526-6668 or email serkes@berkeleyhomes.com

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