It was an historic house â€“ the Gester House â€“ and close to campus with 4 bedrooms and about 2,700 square feet. We listed it for $1,195,000. Truly, I expected a few offers. We had over 30 disclosure packages out. But we got 15 offers! And it ended up going over $300,000 above the asking price!
To be sure, it was marketed well and broadly. We cleaned and staged. But itâ€™s also an indication of the demand for homes in the Elmwood area of Berkeley. The Elmwood has become the destination of choice for Buyers in 2012â€¦itâ€™s close to coffee and campus, walk to everything and itâ€™s an urban, but nice neighborhood.
For a consultation on luxury homes in the East Bay, feel free to call me in my office: 510-847-2409.
Originally posted on my Elmwood Homes real estate blog here: http://elmwood-home.com/incredulous-multiple-offers-berkeleyelmwood/.