Posted to: For the Heck of It

The Most Expensive Bay Area Homes of 2008

This according to the MLS, of course.
 
When the market shifts the first markets to become affected are the top and the bottom, as well as condos.  So I thought it would be fun to see what the top of the market did in 2008. 
 
I was suprised to learn that the most expensive home to sell was actually right here in Piedmont.  The Piedmont house, located on Lincoln Avenue and on the market for only 17 days, sold last May for $7,800,000, all cash, closed in 4 days.  HOLY @!*#!!!  All cash?  4 day close?  Wow.
 
The most expensive home that someone tried to sell was in Palo Alto.  Located on nearly 13 acres on Arastradero road, this spectacular home was listed for $29,850,000, was on the market for just over a year, and had zero price reductions.  This home was finally withdrawn. 
 
2008 statistics for homes above $7,000,000:
 
Number listed: 18
Number sold: 1
Number expired: 3
Number still active: 8
Average list price: $10,978,277
Average days on market: 211
 
 

Discussion

No comments for “The Most Expensive Bay Area Homes of 2008”

Post a comment

Welcome to East Bay Living Real Estate

Hi friends! We are Krista + Rosie, the brains behind the East Bay Living website. Powered by Berkeley Hills Realty we are a top producing real estate team working {and having fun} in Berkeley, Oakland and the surrounding areas. From buying + selling to DIY + home decor to plumber + gardener recommendations we are your one-stop-shop for all things real estate.

Recent Posts

Food Drive For The Alameda Community Food Bank
November 1, 2017
By Krista Miller
The Heat of the Market
October 4, 2017
By Krista Miller
Albany September Market Stats
October 2, 2017
By Krista Miller
Peaceful Retreat in the Heart of Hercules
September 27, 2017
By Krista Miller
2 Open Houses Today 
June 18, 2017
By Krista Miller

Archives