The real estate market in Berkeley sizzled in November. Don’t these progressive liberals know they’re supposed to be slacking off and eating Turkey in November?
Apparently not. Folks in Berkeley were too busy buying and selling houses.
They must be vegetarians.
The average home in Berkeley sold for an impressive $508 per square foot in November, even though this was a fairly “modest” 5.8% increase over November of 2004. In dollar terms, that works out to an average sale price of $793,235 this year, or 3.6% more than the average list of $757,167. The median sale price was $695,000.
True, unit volume has slipped slightly, from 75 units down to only 70, but two other key indicators show that the market is still quite strong. The expireds to sold ratio (low numbers are good for sellers), has decreased from 10.7% last November to only 5.7% this year. Average days on market are also down, from 26 days last November to 22 days this November.
Like Alameda, then, Berkeley put in an outstanding showing for November sales.
I’m telling you, it’s the vegetarians. As the Daily Californian reported:
The city is a veritable haven for non-meat eaters, from restaurants offering plentiful vegetarian and vegan fare to a vegetarian student cooperative and an intellectual environment that lends itself to discussions about the environment and animal rights.
Animal rights, huh? What about plants, don’t they have rights? You know all these houses you’re buying and selling are made out of trees, and trees are people, too.