High end

Berkeley broker Tracy Sichterman at Berkeley Hills Realty recently published some interesting analysis on the local high-end market.

On her Home Spun blog Sichterman writes about the results of some research she conducted into recent sales of $1 million-plus homes in Berkeley and Oakland.

Her conclusion? Cash rules — with nearly one in three homes in this bracket selling to an all-cash buyer. Many others had down payments that were greater than half the sale price.

Read the full analysis here.

Tracey Taylor

Tracey Taylor is co-founder of Berkeleyside and co-founder and editorial director of Cityside, the nonprofit parent to Berkeleyside and The Oaklandside. Before launching Berkeleyside, Tracey wrote for...

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1 Comment

  1. The use of the word “flood” with regard to the number of all cash buyers sounds like a spin to me. Yes, there are all- cash buyers in Berkeley, and I’ve seen a few too. But if one were to do a true “analysis”, what I think you’d find is that whenever the market appears good in a small pocket, while the surrounding market is stale, it makes sense that the smart money always is looking for a safe haven, whether it’s real estate or any other place people plop down their money.