Listed for $899,000 this past May having been purchased for $1,181,000 in August 2007, the sale of 325 Berry #301 has closed escrow with a reported contract price of $845,000 ($671 per square foot), 28 percent below its year 2007 price with a bit of new building litigation hanging over its head.
As we wrote in January 2008 when the sales office at Park Terrace launched a “step-up commission program” targeting buyers’ agents: “It’s no longer only the townhomes at Park Terrace which will garner brokers an increased sales commission…And it’s a good reminder to ask, is your agent working for you or selling for the developer?”
∙ Hopefully You Didn’t Step In It At Park Terrace (325 Berry) Before [SocketSite]
∙ Your Agent Might See Value, But Be Sure To Ask For Whom [SocketSite]