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Berkeley Real Estate Market Report

Berkeley Real Estate Market Report - September, 2016

It's almost Halloween.  Do you know what/who you will be? 

As you may suspect, the East Bay real estate market is getting a bit spooky. Berkeley is not an exception.

Though median sold price in September is 5% higher than that of last year, the percentage increase is a lot smaller than many of the previous months. 

Whether this trend continues or not, we will find out when the October numbers are available.

If you are looking to buy or sell in Berkeley, please contact me anytime! - Hiroko
 

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September 2016 HIGH...

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.

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August 2016

Berkeley Real Estate Market Report - July, 2016

Here is the list of properties sold in July 2016.  51 properties were sold in July 2016, compared to 74 in July 2015.  Currently 69 properties are pending and we have 50 active listings.

There are still many properties sold way above their listing price. Only two properties were sold slightly below asking price. Sigh....

A few properties hit above $1,000/sq ft. Wow. But don't be discouraged!  Current interest rates are very attractive and you are sure to lower your monthly payment.

Happy House Hunting!

Address Unit LP Sold Price Pirce Change % DOM ...

Berkeley Real Estate Market Report - May, 2016

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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...

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. 

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Berkeley Real Estate Market Report - March, 2016

After much needed rain, spring is finally here!  Here is a quick March Berkeley Real Estate Market Report. 

The number of sold properties in March 2016 decreased from 55 in March 2015 to 47. Though the number doesn't seem to be a big difference, it is about 15% less than last year. 

The average list price and sold price are both slightly higher than those of 2015, though the median list and sold are slightly lower than those of last year.  This is probably a result of having a very high-end property (862 Regal) sold this year. 

As you may know, the prices in San Francisco are finally calming down.  It may be slowly coming to the East Bay, (or NOT.) 

In any case, now till the end of summer, many families are moving to new destinations.  If you are one of them and looking to buy or sell in Berkeley,  please contact me anytime.

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Berkeley Real Estate Market Report - December 2015

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The East Bay real estate market was quite strong in 2015, and the Berkeley market was no exception. Despite the holiday season, 56 properties were sold, a 10% increase over December 2014. 

The average sold price was 14% above the list price and the median number of days on the market was 14 days! 

The average sold price December, 2015 was over $100K higher than that of last year. What a great value appreciation it was!  

If you are thinking of selling this coming Spring, this is the time to prepare for it. If you would like to be a homeowner this year, it's a great time to get in and hopefully buy before Spring/Summer when...

Berkeley Real Estate Market Report - November 2015

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Happy Holidays from East Bay Modern! Hope you had a wonderful Thanksgiving Holiday.  

The real estate market slows down at this time of the year. In November, 41 properties changed ownership in Berkeley, that's 20% less than the same month last year. The median sold price is only about 7% higher than the asking price, which indicates less competition. 

Sellers listing properties this time of the year tend to have compelling reasons to sell and it may work favorably for buyers. Buyers who are tired of competing against other buyers may find a nice break from the competition and finally find their dream house.  

Whether you are...

Berkeley Real Estate Market Report - October, 2015

Halloween is over and we are heading to Holiday Seasons! The Berkeley real estate market continues to be competitive and properties were sold an average of 13% higher than their asking price, though it went down from the September number. The average sold price was $92K higher than last year, and Berkeley home values have appreciated about 9% in one year. 

54 properties changed ownership this October, compared to 69 last October. Average Days on Market this October is 17 days, compared to 23 last October. 

Whether you are thinking of selling your home or simply curious about finding your home's value, please contact me anytime.  I will provide you with a detailed home evaluation report

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Berkeley Real Estate Market Report - September, 2015

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Here is what happened in Berkeley real estate in September. The market continues to be very competitive and properties in Berkeley were sold an average of 14% higher than their asking price, compared to an average of 11% higher in September 2014. The average sold price was $200K higher than last year, and Berkeley home values have appreciated above 20% in one year. 

The Days on market is the count of the days between the date the property is listed on the market and the date its contract is ratified. It shortened by 9 days to 19 days this September.  

Buyers are deciding quickly and bidding higher in order to win in multiple offer situations. 

51 properties changed ownership this September, compared to 49 last September. Not much different here.

Whether you are thinking of selling...

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