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Berkeley Real Estate Market Report - August, 2016

Here is a quick Berkeley Real Estate Market Report for August 2016.  65 properties were sold this August, compared to 48 in August last year.  As of September 1st, there were only 33 active listings and 49 pending.  The inventory level is super low!

Though many properties were sold much higher than their asking price, ten properties were sold under their asking price.  To dig deep, I checked data from last August.  There were only two properties sold under their asking price. This seems to me a big change. Is the market shifting?  It may be....

Stay tuned! If you are looking to sell or buy a home in Berkeley, please contact me anytime.

August 2016 HIGH LOW AVERAGE MEDIAN    
List Price $4,500,000 $499,000 $1,098,466 $899,000    
Sold Price $4,500,000 $535,000 $1,245,430 $1,175,000    
             
August 2015            
List Price $2,550,000 $385,000 $890,941 $762,000    
Sold Price $2,500,000 $383,500 $1,031,454 $893,625    
             
             
Address Unit LP Sold Price Pirce Change % DOM Sale $/SqFt
1239 CARRISON ST   $499,000 $560,000 12.22% 15 $828
2601 DANA ST A $529,000 $535,000 1.13% 30 $844
2 PANORAMIC WAY 101 $539,000 $571,000 5.94% 14 $799
2601 COLLEGE AVE 105 $559,000 $590,000 5.55% 14 $777
2817 WOOLSEY ST C $569,000 $681,000 19.68% 18 $996
1803 5TH ST   $569,000 $670,000 17.75% 13 $530
2602 COLLEGE AVE   $575,000 $560,000 -2.61% 36 $619
1441 CORNELL AVE   $599,000 $620,000 3.51% 10 $767
2133.5 Derby Street   $619,000 $740,000 19.55% 18 $727
2125 6th Street   $625,000 $645,000 3.20% 0 $611
1350 PARKER ST   $639,950 $672,000 5.01% 14 $495
2320 CURTIS ST   $649,000 $860,000 32.51% 14 $904
1606 CHESTNUT ST   $649,000 $875,000 34.82% 15 $1,113
759 KEELER AVE   $650,000 $650,000 0.00% 0 $466
2321 DERBY ST   $669,000 $820,000 22.57% 13 $727
1384 Henry Street   $675,000 $803,000 18.96% 18 $684
1560 DWIGHT WAY   $695,000 $850,000 22.30% 9 $951
1226 Cornell Avenue   $698,000 $800,000 14.61% 12 $794
2016 A 9th St   $699,000 $932,000 33.33% 14 $765
2819 Acton   $699,000 $802,000 14.74% 13 $687
1428 Ward Street   $749,000 $735,000 -1.87% 47 $753
2572 Virginia Street 5 $749,000 $670,000 -10.55% 33 $680
490 Vermont Ave   $749,000 $749,000 0.00% 29 $365
1197 OXFORD ST   $770,000 $770,000 0.00% 15 $672
1316 Evelyn Avenue   $795,000 $925,000 16.35% 17 $925
2018 LOS ANGELES AVE   $799,000 $1,225,000 53.32% 14 $591
1835 Channing Way   $799,000 $1,040,000 30.16% 14 $1,000
2614 ACTON ST   $800,000 $775,000 -3.13% 27 $783
1710 ADDISON ST   $849,000 $1,200,000 41.34% 13 $858
1644 Ward Street   $849,000 $1,150,000 35.45% 13 $838
1408 CARLETON ST   $869,000 $1,305,000 50.17% 13 $668
1445 VIRGINIA ST   $895,000 $1,355,000 51.40% 14 $869
1111 MILVIA ST   $899,000 $1,365,000 51.84% 16 $926
1244 CARLOTTA AVE   $899,000 $1,200,000 33.48% 4 $877
551 VISTAMONT AVE   $899,000 $1,200,000 33.48% 17 $884
1632 STUART ST   $899,000 $1,125,000 25.14% 6 $651
151 BROOKSIDE DR   $925,000 $1,250,000 35.14% 12 $847
2420 BROWNING STREET $949,888 $925,000 -2.62% 21 $409
771 SAN LUIS RD   $978,000 $1,375,000 40.59% 13 $549
875 CRESTON RD   $995,000 $1,436,000 44.32% 11 $570
3017 HARPER ST   $995,000 $1,150,000 15.58% 26 $312
1105 HIGH CT   $1,000,000 $1,200,000 20.00% 23 $410
3 THE SHORTCUT   $1,050,000 $1,175,000 11.90% 13  
504 BOYNTON AVE   $1,050,000 $1,225,000 16.67% 14 $729
671 Colusa   $1,150,000 $1,350,000 17.39% 10 $673
2719 MATHEWS ST   $1,150,000 $1,285,000 11.74% 13 $705
1615 POSEN AVE   $1,195,000 $1,448,000 21.17% 15 $726
1100 THE ALAMEDA   $1,200,000 $1,100,000 -8.33% 18 $428
1079 Sterling Avenue   $1,200,000 $1,260,000 5.00% 8 $589
1330 Spruce Street   $1,200,000 $1,450,000 20.83% 22 $612
50 BONNIE LN   $1,225,000 $1,255,000 2.45% 2 $600
2316 CARLETON ST   $1,250,000 $1,900,000 52.00% 14 $751
955 SHATTUCK AVE   $1,349,000 $1,349,000 0.00% 20 $592
870 SANTA BARBARA RD $1,350,000 $1,250,000 -7.41% 26 $631
30 ALVARADO PL   $1,425,000 $1,350,000 -5.26% 31 $569
548 VINCENTE AVE   $1,450,000 $1,800,000 24.14% 14 $776
25 El Camino Real   $1,495,000 $1,550,000 3.68% 24 $682
1120 CRAGMONT AVE   $1,750,000 $1,750,000 0.00% 29 $477
1606 LA VEREDA RD   $1,795,000 $1,800,000 0.28% 34 $793
774 HILLDALE AVE   $1,825,500 $2,015,000 10.38% 26 $596
2828 RUSSELL ST   $1,850,000 $2,000,000 8.11% 14 $605
2828 HILLEGASS AVE   $2,395,000 $2,850,000 19.00% 12 $947
2695 LE CONTE AVE   $2,880,000 $2,830,000 -1.74% 0 $715
1495 Euclid Avenue   $4,150,000 $4,100,000 -1.20% 41 $616
2900 BUENA VISTA WAY   $4,500,000 $4,500,000 0.00% 38 $783

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