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Berkeley Real Estate Market Report - April, 2016

Here is my Berkeley Real Estate Market Sales Report for April, 2016. 

Only 49 properties were sold, compared to 54 in April, 2015.  Though it seems a small difference in terms of the numbers, it is about 10% lower than last year.  The inventory is low, and currently there are only 52 active listings in Berkeley.  This means that we have just a month supply of properties.

Please take a look at the properties sold below:

It is shocking to see many properties sold over 40% above their listing price.  It sounds crazy but is a reality in Berkeley. Also there are still lots of cash buyers!  I hear that the San Francisco and Silicon Valley markets have started to cool down, but not Berkeley.  It's definitely still a sellers market!

If you are looking to buy or sell real estate in Berkeley, please contact me anytime. 

           
April 2016   HIGH LOW AVERAGE MEDIAN
List Price   $3,850,000 $415,000 $1,017,918 $799,999
Sold Price   $3,850,000 $410,000 $1,249,484 $1,125,000
           
April 2015   HIGH LOW AVERAGE MEDIAN
List Price   $1,750,000 $235,000 $908,587 $859,000
Sold Price   $1,968,000 $247,000 $1,056,522 $1,000,000
           
           
Address Unit Orig Price Sold Price Orig  Price % DOM
1645 7TH ST   $749,000 $908,000 21.23% 13
2018 9TH ST A $415,000 $410,000 -1.20% 48
2014 ACTON ST   $795,000 $1,100,000 38.36% 13
2909 AVALON AVENUE   $3,850,000 $3,850,000 0.00% 20
1515 BELVEDERE AVE   $550,000 $771,000 40.18% 8
2930 California St   $799,000 $900,000 12.64% 12
1620 Carleton St   $855,000 $897,000 4.91% 39
1376 CEDAR ST   $625,000 $945,000 51.20% 9
646 COLUSA AVE   $925,000 $1,022,000 10.49% 10
600 CRESTON RD   $795,000 $1,080,000 35.85% 9
889 CRESTON RD   $995,000 $1,540,000 54.77% 14
1066 CRESTON RD   $995,000 $1,375,000 38.19% 14
1509 CURTIS ST   $549,000 $625,000 13.84% 15
32 DOMINGO AVE 4 $675,000 $860,000 27.41% 11
2426 EDWARDS ST   $799,999 $825,000 3.13% 8
73 EL CAMINO REAL   $1,295,000 $1,450,000 11.97% 15
1190 EUCLID AVE   $879,000 $1,125,000 27.99% 24
225 Fairlawn   $795,000 $1,230,000 54.72% 22
1912 FAIRVIEW ST   $699,000 $1,100,000 57.37% 12
2830 GARBER ST   $1,595,000 $2,315,000 45.14% 14
1111 GRIZZLY PEAK BLVD $1,000,000 $1,230,000 23.00% 17
1121 HARRISON ST   $649,000 $821,000 26.50% 15
750 HILLDALE AVE   $1,585,000 $1,675,000 5.68% 14
2929 HILLEGASS AVE   $850,000 $901,800 6.09% 13
1515 HOPKINS ST 2 $614,000 $614,000 0.00% 0
3225 IDAHO ST   $649,000 $750,000 15.56% 61
1008 JONES ST   $799,000 $1,130,000 41.43% 12
1238 Josephine St.   $949,000 $1,220,000 28.56% 11
2700 Le Conte Ave. 403 $538,000 $640,000 18.96% 15
1928 LOS ANGELES AVE   $1,695,000 $2,155,000 27.14% 14
1186 Miller Ave.   $1,965,000 $2,350,000 19.59% 18
1717 OREGON ST   $795,000 $1,125,000 41.51% 28
1429 PARKER ST   $788,000 $950,000 20.56% 12
2811 PARKER STREET   $895,000 $1,575,000 75.98% 13
115 PARKSIDE DR   $2,195,000 $2,425,000 10.48% 40
1301 PERALTA AVE   $798,000 $1,130,000 41.60% 11
1312 Peralta Ave   $795,000 $1,180,000 48.43% 14
2946 PIEDMONT AVE   $1,410,000 $1,520,000 7.80% 13
2500 SACRAMENTO ST   $695,000 $925,000 33.09% 6
2738 SACRAMENTO ST   $790,000 $735,000 -6.96% 60
1910 SAN ANTONIO AVE   $1,225,000 $1,225,000 0.00% 15
1895 San Juan Ave.   $1,050,000 $1,315,000 25.24% 7
1751 San Lorenzo   $995,000 $1,110,000 11.56% 12
612 SANTA ROSA AVE   $1,050,000 $1,500,000 42.86% 14
1635 SCENIC AVE 6 $675,000 $893,950 32.44% 15
2686 SHASTA RD   $965,000 $1,400,000 45.08% 5
1725 Sonoma   $1,150,000 $1,450,000 26.09% 13
54 Tunnel Road   $1,899,000 $1,750,000 -7.85% 35
2229 Vine   $799,000 $1,201,000 50.31% 17

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