Bay Area home sales sluggish, prices continue to slip [Burbed.com]
September 22nd, 2008 at 7:55 am
some pricing news from the field: 2250 amherst in palo alto, mentioned here in the comments of a previous thread. 2377 sq ft and a very odd layout – one very large bedroom, one small one and one too small even for a daybed or a closet. 2 levels with a basement workshop and a garage. funky, interesting, but bad for families unless you sink $250K in it to fix the floor plan. it photographed well, but check the kitchen, the acoustic tile ceilings in many of the rooms, the lack of a master bath, the 6000 sq ft lot.
anyway, listed at $1.495M, open 1 weekend, sold with 6 offers for more than $1.7M.
Thanks to Steve for this on the ground report.
With all this bad news lately, I’m just glad to see there was some good news in the Real Bay Area!