Apr 21, 2010

Unfinished project in Claremont Hills, Berkeley = BARGAINS.

Once the fire destroyed many houses in the hills.  Then humongous houses were built.  They were 3,000, 4,000 or even 5,000 sq ft single residential properties.  Some houses are so interesting and architecturally appareling.  Investors and homeowners spent significant money to build their dream houses.

Now in the midst of real estate downturn, some of the properties were selling unfinished for bargain prices.


157 Vicente Rd
UNFINISHED CONSTRUCTION with framing & foundation! Spectacular setting for a large custom home with views. Unsafe to enter. Contact City of Berkeley for info on permits, zoning & other issues. Great potential. $304,980 --- Pending

1072 Siler Place
Spectacular Berkeley Hills home in un-finished condition. Your chance to finish this 5 bedroom 5 bath home at a price you can afford  $410,000 --- Sold

6983 BUCKINGHAM BLVD  Incomplete 5-Bedroom, 3.5 Bathroom home with view. Do not show without an appointment with the listing agent! Construction zone! Unsafe to enter...Great Potential. $290,000 --- Sold

Apr 17, 2010

Bay Area home prices and sales continue climb!

Good news for Bay Area home owners!  More details, read

http://www.contracostatimes.com/business/ci_14890565

Apr 12, 2010

Berkeley Real Estate Market Q1/2010

From January 1 to today (March/23), 55 detached homes in Berkeley exchanged their ownership. (See the back page for more details.) The properties that have price change percent- age ridiculously low were short-sale or REO. The regular sale properties seemed to be priced very well or some seemed to be priced lower to get multiple offers. When the property gets multiple offers, it normally exceed sellers expectation and the sales prices climb up high in even this tough market.
86 properties are currently listed in the MLS. The inventory is still low but it will be more since a selling season has been started. If you are thinking of moving or selling your proper- ties during the summer, it is a great time to start researching the market and interviewing potential listing agents. Make sure you interview three agents at least. Ask them their mar- keting plan specifically to your property, their thoughts on the market value of the property, and how they are going to com- municate with you.    Everyone has different approach but you will find the one whom you feel most comfortable and trust- ful. Selling your house is an intense emotional process, and your listing agent will be able to lead you through it.

If you would like to get more detailed info, go to www.sfbaymodern.com, and find my e- newsletter.

Have a wonderful day!
Hiroko