Search Listings

Berkeley Real Estate Market Report - May, 2016

 school-out_s_400

Summer vacation for your school-aged kids is almost here! Both you and your kids must be looking forward to it, so I hope that you have an exciting and safe summer.
Here is my Berkeley real estate market report for May, 2016. 70 properties were sold last month, compared to 65 in May, 2015. Currently, 71 properties are pending, with only 38 listed as active.  

What does this mean? It means that the inventory level is super low! Unless there's a sudden flood of new listings, no houses will be left on the market in less than a month. Are sellers waiting for a better time to put their homes on to the market? I'm not sure, but this seems really a great time to sell.

There are still many properties being sold for way above their asking price. To me, it seems that the asking prices have been artificially lowered in order to attract a wider range of buyers and to create bidding wars. This will be an extremely difficult market for new buyers unless they have trustworthy Realtors guiding them through it. No one really wants to write an offer 50% above asking price, but it is being done in order to win some of the houses in Berkeley. 

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

           
           
May 2016
HIGH LOW AVERAGE MEDIAN  
List Price $1,950,000 $299,000 $956,742 $872,000  
Sold Price $2,625,000 $350,000 $1,180,238 $1,115,000  
           
May 2015 HIGH LOW AVERAGE MEDIAN  
List Price $2,650,000 $349,000 $909,413 $789,000  
Sold Price $3,000,000 $340,500 $1,094,108 $915,000  
           
           
Address Unit Orig Price Sold Price Orig  Price % DOM
2550 DANA ST 7C $299,000 $350,000 17.06% 13
2366 CEDAR ST 3 $399,000 $500,000 25.31% 4
2501 DANA ST 4 $455,000 $525,000 15.38% 12
2445 Edwards   $449,000 $580,000 29.18% 13
1231 ASHBY AVE   $649,000 $605,000 -6.78% 60
2212 10TH ST   $500,000 $645,000 29.00% 86
2601 DANA ST C $429,000 $670,000 56.18% 13
2820 DOHR ST   $579,000 $690,000 19.17% 14
2478 MARTIN LUTHER KING JR WAY $545,000 $751,000 37.80% 14
2633 ACTON ST   $599,000 $755,000 26.04% 15
3042 Dohr Street   $685,000 $770,000 12.41% 15
1060 STERLING AVE   $698,000 $780,000 11.75% 15
810 CHANNING WAY   $699,000 $798,000 14.16% 7
1328 HASKELL ST   $599,000 $800,000 33.56% 9
32 DOMINGO AVE 2 $699,000 $845,000 20.89% 8
996 VIRGINIA ST   $595,000 $850,003 42.86% 12
1401 WALNUT ST 1C $849,000 $852,000 0.35% 21
503 BOYNTON AVE   $650,000 $870,000 33.85% 16
2326 CORONA CT   $699,000 $875,000 25.18% 12
1386 Gilman   $850,000 $901,000 6.00% 22
1531 THOUSAND OAKS BLVD   $795,000 $910,000 14.47% 14
1990 EL DORADO AVE   $829,000 $925,000 11.58% 14
1197 SUTTER ST   $799,000 $925,500 15.83% 13
2432 CURTIS ST   $799,000 $927,000 16.02% 12
1322 Burnett St   $799,000 $950,000 18.90% 2
1403 SANTA FE AVE   $599,000 $950,000 58.60% 13
588 The Alameda   $900,000 $950,000 5.56% 15
1003 JONES ST   $799,000 $1,000,000 25.16% 12
1929 8TH STREET B $995,000 $1,000,000 0.50% 52
1226 CHANNING WAY   $1,005,000 $1,005,000 0.00% 0
2061 EUNICE ST   $875,000 $1,025,000 17.14% 14
1508 STUART ST   $899,000 $1,100,000 22.36% 14
2337 9th St   $829,000 $1,100,000 32.69% 15
2912 King St   $749,000 $1,100,000 46.86% 13
1608 VIRGINIA ST   $775,000 $1,105,000 42.58% 15
1610 OREGON ST   $725,000 $1,125,000 55.17% 13
797 VINCENTE AVE   $1,099,000 $1,150,000 4.64% 16
2410 MCKINLEY AVE   $849,000 $1,160,000 36.63% 12
1341 FRANCISCO ST   $879,000 $1,170,000 33.11% 8
1102 COLUSA AVE   $929,000 $1,200,000 29.17% 13
1306 Stannage   $825,000 $1,200,000 45.45% 12
1757 San Lorenzo   $1,025,000 $1,200,000 17.07% 12
51 VALLEJO ST   $869,000 $1,200,000 38.09% 13
1187 Shattuck Avenue   $945,000 $1,230,000 30.16% 10
2111 GRANT ST   $895,000 $1,275,000 42.46% 12
1440 Walnut St. 8 $998,000 $1,305,000 30.76% 15
2224 9TH ST   $995,000 $1,305,000 31.16% 15
732 NEILSON ST   $869,000 $1,305,513 50.23% 15
38 Panoramic Way   $1,150,000 $1,340,000 16.52% 13
1544 Sacramento Street   $1,000,000 $1,352,000 35.20% 14
1015 COLUSA AVE   $949,000 $1,380,000 45.42% 14
769 Euclid Ave   $1,149,000 $1,400,000 21.85% 12
1370 ADA ST   $1,100,000 $1,480,000 34.55% 14
2975 Shasta Road   $1,398,000 $1,486,875 6.36% 20
380 Vassar   $1,495,000 $1,495,000 0.00% 16
1403 STANNAGE AVE   $1,288,000 $1,500,000 16.46% 6
2848 RUSSELL ST   $1,195,000 $1,525,000 27.62% 12
31 FLORIDA AVE   $1,398,000 $1,555,000 11.23% 16
2709 McGee Ave.   $1,595,000 $1,595,000 0.00% 24
2219 STUART ST   $1,350,000 $1,625,000 20.37% 13
1813 PARKER ST   $1,049,000 $1,670,000 59.20% 14
1035 OVERLOOK ROAD   $1,749,000 $1,691,787 -3.27% 38
2820 REGENT ST   $1,695,000 $1,705,000 0.59% 14
1128 FRESNO AVE   $1,750,000 $1,750,000 0.00% 0
1042 MILLER AVE   $1,298,000 $1,751,000 34.90% 9
800 SHATTUCK AVE   $1,325,000 $1,800,000 35.85% 15
11 HAZEL RD   $1,295,000 $1,830,000 41.31% 15
2736 ELMWOOD AVE   $1,800,000 $2,400,000 33.33% 14
660 SPRUCE ST   $1,950,000 $2,450,000 25.64% 21

Post a Comment

From Our Blog

Posts By Category

All Categories Architectural Homes & New Listings (118) Architectural Homes + Listings (268) East Bay Events (63) Eichler Homes (5) Eichler Homes Forum (44) Events + Happenings (410) Green Living in Marin (73) Just Sold (450) Landscape Design (6) Lofts & Condos (24) Main (269) Marin for Kids (5) Marin Home Staging & Design (9) Marin Market Update (175) Marin Modern News (159) Marin Mortgage News (17) Marin Schools + Education (45) Mortgage & Lending (4) San Francisco (70) Selling Your Home (25) Vendor / Affiliates (1)

Posts By Month

Grab Our RSS Feed
Wine Country Real Estate
Marin County Real Estate