THE MADNESS CONTINUES: TOP BERKELEY OVERBIDS FOR MAY 2014
June 3, 2014 | Arron Sweeney
It’s a good time to sell Berkeley Real Estate
There’s definitely no doubt about it, now is the time to sell in Berkeley. That being said, it’s a good time as long as you have somewhere else to go. I’ve been speaking with many would be sellers and all are concerned about where they would go once they sell. We are still seeing a list to sales ratio of 112.1% currently in our local market and the competition is still stiff for buyers looking to settle into a home here in Berkeley. Because I know everyone is curious, here are the Top Five Overbids for Berkeley for last month.
Top 5 Berkeley Overbids for May 2014
1338 Carlotta Ave. – Topping the charts this month is a spacious Northbrae bungalow with 3 beds 2.5 baths and a legal in-law unit. Listed at $859,000 this home sold for $1,350,000 at a 57% overbid. Someone really wanted to live in Northbrae. More proof that frustrated buyers are going big to find their dream home.
1140 The Alameda – Coming in at a 54% overbid this 3 bed 2 bath Berkeley Craftsman located in North Berkeley fetched $1,500,000 after being listed at $975,000. At 1743s sf the average price per square foot for this home was $861.
1950 San Antonio Ave. – This gorgeous Mediterranean estate located in the Thousand Oaks neighborhood boasts over 4,000 sf and has 4 beds and 3.5 baths. Representing a 39% over bid this estate was sold at $2,775,00 after being listed at $1,995,000.
2219 9th St. – Located in West Berkeley, this quaint 2 bed 1 bath home offers a private retreat in a vibrant neighborhood. Listed at $519,000 this home spent 14 days on the market and sold for $670,000 representing a 29% overbid.
451 Michigan Ave. – Spending only 15 days on the market, this Berkeley Hills home wraps up our overbids coming in at 25% over asking price. With 4 beds and 2 baths this home sold for $1,365,000 and was listed at $1,095,000.
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