Zip Code East Bay News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Introducing the CRD 2023 EverGreen Award winner: Joshua Dickinson.

In an alarming trend for buyers, another Bay Area home has sold way over asking. 

by Tyler Durden Friday, May 07, 2021 - 10:00 PM The housing boom sparked by the Federal Reserve during the virus pandemic was built on historically low mortgage rates and record low inventory as city-dwellers moved to rural areas amid remote-work phenomenon.  According to San Francisco Chronicle, the East Bay area or the eastern region of the San Francisco Bay Area has been an area of extreme housing market euphoria as some homes are selling more than $1 million over the list price.  Josh Dickinson, the founder of real estate agency Zip Code East Bay, said it's pretty common to see a home g...

Especially in the East Bay, this type of sale isn’t an anomaly anymore.

Inman Connect Brian Evans thought his clients were going in with a strong offer. Evans, a Redfin agent in the Washington, D.C., area, told Inman he was recently working with buyers who wanted a home that was listed for $850,000. Homes in the area have in the past sold for around 10 percent over their asking prices, so when his clients offered $150,000 over it seemed like they’d be strong contenders. They weren’t. Instead, the home ultimately generated 14 offers and sold for a whopping $230,000 over its asking price. What had seemed like a strong offer had in the end only put Evans’ cl...