Berkeley sells the most homes over asking price in the country, report finds sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
by Tyler Durden
Friday, May 07, 2021 - 10:00 PM
The housing boom sparked by the Federal Reserve during the virus pandemic was built on historically low mortgage rates and record low inventory as city-dwellers moved to rural areas amid remote-work phenomenon.
According to San Francisco Chronicle, the East Bay area or the eastern region of the San Francisco Bay Area has been an area of extreme housing market euphoria as some homes are selling more than $1 million over the list price.
Josh Dickinson, the founder of real estate agency Zip Code East Bay, said it s pretty common to see a home go $1 million over list price. When my clients see a house for $1.9 million, they re almost conditioned to think it ll go over $3 million in Piedmont or North Berkeley, he said.