When the Money Gets Tight, The Smart Start Buying

By
Real Estate Agent with Coldwell Banker

money tree

What the "Smart Money" Tells us about the Housing Market

In a memo from my Coldwell Banker office, I learned that sales of high end homes, meaning  those in the over $2 million range, is up an amazing 12%.  Many of the Berkeley Area offices report that more buyers are taking advantage of the still-low mortgage rates and the affordable prices.  A fellow agent who was selling a lovely home in Piedmont received multiple offers for her attractive listing, and it ended up selling for over the asking price.

So what does that mean to you?

  • It means that if you have big home in the hills and would like to move into a great walk score community in the Berkeley area, then you’ll have a better chance of selling your home for the right price now.
  • It’s often said that the high-end market is where the “smart money” is, and if the trend is consistent, this indicates a very positive sign for the rest of the housing market.  
  • In general, well-presented, well-priced homes are selling much better today than they did a couple of years ago.  
  • If you’re in the market to buy a home, mortgage rates are likely to remain affordable for some time to come.

 
To sum up:
 
There are many reasons to be encouraged that our housing recovery will continue to gain traction – especially here in the Berkeley Area.

For more information about Berkeley Area events and real estate, keep reading this blog.  If you're interested in buying or selling a home in the Berkeley Area, Call Chris Neddersen at 510-527-0174 or if you're a buyer go to  That House Detective .  If you're a seller go to What's Next Homes.

Here's where you can search for Berkeley area homes for sale, and to get a personalized search of on-the-market properties that meet your specific criteria delivered to your email inbox, go to  REAlert and get what you want!

Be sure and let Chris know if you have an event, activity, or venue you want listed here a week before the date

Comments (0)