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.