Berkeley, Ca Home Sells for $1 M over asking after getting 29 offers

By
Real Estate Agent with (408) 425-1601 CA bre 1519182

                                               Sam Shueh Realtor

                                      

               SamShuehRealtor at Gmail.com    (408) 425-1601 



A 3 br, 2 bath in East Bay 2,400 sf mid -1950s with some view received 29 offers recently. What is astounding is it was sold 1 million dollars over asked price. 

Home prices are selling +22% this spring more than before the Pandemics.  One should be prepared to have everything paper ready.  They are not conducting open houses due to health exposure concerns.  Listing agents are surprised that they have more offers than viewing times. The minute difference is those did not view the home in person left inspection contingency on as their offers are often not accepted.

Bidding wars over homes in the SF Bay Area are not unusual during the pandemic, but selling a house for $1 million over asking. 

This steep bumped up price did not surprise me and locals at the home is away from the traffic and there is a view. 

-It sold for $2.3 million – double the asking price. If it started in the million dollars range often it is a fix upper. You get the land only.

-The initial asking price was indeed low to get people's attention.

The Harvard Circle home not far from the university features 3 bedrooms and 2 bathrooms, across ~2,400 square feet.

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SOURCE:  

 

Shueh, Sam  How much is my Silicon Valley home worth? (Silicon Valley Home Values)

Shueh, Prediction of 2018 Home Prices in San Francisco Bay Area 

Shueh, Sam    (Real EstateBlogs)

Shueh, Sam    (My Website)    

Sam Shueh Silion Valley Realtor,    SamShuehRealtor at Gmail.com 

                                                       (408) 425-1601 

Comments (6)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sam congratulations on this sale, and I hope it is a smooth quick closing.

Apr 07, 2021 12:23 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Sam,

One of my favorite Yoga teacher and a wise man once said, "who can understant the human being?"  And that is perfect for this one million $ bit of news you shared...A

Apr 07, 2021 12:38 PM
Sam Shueh

I am not surprised it went over more. Listing price was too low.

Apr 08, 2021 03:05 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Congratulations Sam! There are older homes in Dallas with one car garages or just a carport and very small closets built in the 1950s and 1960s. Before my client could see them, they were already under contract and all sold way over list price. 

I think you are right, "Listing price was too low." Better luck next time. There's a lot of buyers out there. 

P.S. I hope you get your story about about poppies and Tiawan! 

May 29, 2021 09:47 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sam, and I was thinking $100K over asking was a lot, not anymore!  Just WOW!

Jul 22, 2021 08:29 AM