The Hotel Durant is no more — after a makeover and some upgrades, the newly named Berkeley Graduate has some quirky touches and is still very much rooted in its city.
In a hot market, the tactic of ‘egregious underpricing’ serves home sellers well because it attracts a number of buyers and creates a competitive situation.
Buyers competing over the short supply of homes on the market in the East Bay are using every technique available to get their offers accepted.
Times are tough for home buyers, not least because only 22% of people who live in Alameda County can afford to buy a median-priced home there.
Factors behind the record-shattering sale price include it being on the “most desirable street in Albany,” the home’s size and its meticulous renovation, say agents.