Berkeley’s Hot, Florida’s Cold, Says New Real Estate Report

By Aaron Crowe Jul 23rd 2010 @ 4:41PM

Aerial view of the California housing marketCalifornia has the hottest markets for selling homes over the original asking price while Florida has the most places where homes sell for less, according to a new report.

The quarterly report from ZipRealty looks at ZIP codes across the U.S. to see where homes are selling the most above and below asking price. Seven of the top 10 ZIP codes are in California, and seven of the bottom 10 in the country are in Florida.

Home sales hit a three-month low in June across the country, but in Berkeley, ZipRealty agent Wayne Cory said he hasn’t seen sales as good since he started in the business six years ago. Berkeley homes in the 94703 ZIP code led the country and sold for almost 108 percent of the asking price, or an additional $45,000 over list, on average.

“We’re still experiencing over-asking prices for nice, clean homes,” Cory said.
Here are the top 10 “hottest” selling markets in the second quarter of 2010, followed by their ZIP codes and percent of asking price:

  1. Berkeley, Calif.: 94703, 107.73%
  2. Chicago, Ill. – Loop: 60603, 106.56%
  3. Oakland, Calif.: 94621, 105.93%
  4. Oakland, Calif.: 94603, 104.33%
  5. Forest Park, Ga.: 30297, 104.03%
  6. San Jose, Calif.: 95122, 103.86%
  7. Rodeo, Calif.: 94572, 103.42%
  8. Las Vegas, Nev.: 89030, 103.41%
  9. Adelanto, Calif.: 92301, 103.11%
  10. San Jose, Calif.: 95111, 103.03%

Read the complete story.

This entry was posted in Buyers, Home Owners, Real Estate Information, SF Bay Area Property Stories, Watermark Properties, buyers and tagged . Bookmark the permalink.

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