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
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