The Central and South Berkeley Real Estate Report, October, 2010

We are solidly into the 2nd half of the home buying/selling season. And from all accounts it appears to be anything but robust. If you are looking to purchase a home or investment property in South or Central Berkeley there may never be a better time. We know that interest rates are low and will stay that way at least until the elections in November. And inventory is higher than it has been for quite a while. And most importantly, there are fewer committed buyers out there right now.  (I think most buyers are not sensing any kind of urgency.) These three facts represent a strong buyers market, perhaps for the first time in South and Central Berkeley.

Our area has shown tremendous resilience throughout this economic downturn. Nevertheless, expect prices to drop a bit even more as we enter the fourth quarter. Remember you heard it here first.

Over the past few years we have helped many individuals with trust sales, probates, short sales, home loan modifications, reverse mortgages, property valuations and more. If you need help please feel free to give me a call. I live in the neighborhood and am happy to offer my assistance.

Address             Type      Bedrooms Baths      List Price     Sold Price      Days
2550 Dana St    Condo        1 1                     $280,000     $280,000       36
3113 Shattuck   Condo        1 1                      $319,500     $319,500      44
2628 Telegraph. Condo       2 2                      $579,000      $588,000     5
1314 Harmon    Detached    2 1                      $234,900      $245,000    26
1723 Derby St   Detached    2 1                     $449,900      $429,000     62
1631 Allston     Detached     2 1                     $449,000      $450,000      15
2909 Dohr St    Detached     2 1                    $449,000      $450,000       8
2722 Acton St   Detached    2 1                     $465,000      $465,000     16
1625 Tyler St    Detached     2 1                     $509,000      $535,000     14
2611 Mabel St Detached     2 2                      $549,000      $554,000     24
1209 Parker     Detached     2 1                     $599,000       $579,000     22
1534 Dwight     Detached     2 1                     $550,000       $590,000     12
1526 Julia St     Detached     3 1                      $250,000      $225,000     25
2751 Park St     Detached    3 2                      $288,666      $300,000     11
2759 Dohr St    Detached    3 2                      $499,000      $530,000     12
1542 Blake St.   Detached    3 2                       $549,000    $555,000     19
2229 Blake St    Detached    3 1                      $625,000     $650,000      7
1807 Blake St   Detached     3 1                      $619,000     $660,000      9
2730 Milvia St   Detached     3 2                      $699,000      $720,000    14

I’m always walking the streets of south and Central Berkeley with my daughter, my wife, and our dogs. If you see me please say “Hi.” – I promise to say “Hi” back!

For more information about the real estate markets in the Easst Bay please check out my website. http://www.billfletcherhomes.com/.

If you want to find out whatt your home is worth in todays market feel free to call or email me for a home valuation. bill@billfletcherhomes.com, 5100-368-2854.