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December 21, 2010

Bernal’s High-End Market Holds in 2010


255 Moultrie’s market saga came to an end last week. The “modern masterpiece” featured 4BR/3.5BAs, and had been renovated from the ground up since it last sold in 2006 for $755,000.

The home came on the market in mid August for $1,295,000, went into contract in early September, but then fell out. The sellers put the property back on the market in mid September at $1,335,000, which gives you an indication that a few new insights transpired during the contractual period.

The new owner paid $1,320,000 for 255 Moultrie, which isn’t a sky-high price for Bernal anymore. In fact, 19 homes sold for $1M and above in 2010. But only two sold for more than that of 255 Moultrie. In contrast, 2009 saw 30 homes selling for $1M+, including five for $1.3M+. Next year should be an interesting one for Bernal’s sellers.

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