In January, Berkeley’s Real Estate market continued the strong showings that it had put in earlier, with just some minor softening visible on the expired to sold ratio. This January, 37 residential units sold in Berkeley, up from 35 a year ago. Meantime, in another sign of a healthy market, average days on market were down, from 41 a year ago to only 37 this year.
The average home that sold in Berkeley in January listed for $770,374 and sold for 99.3% of list, or $764,613. The median sale price was $632,000. On a cost per square foot basis, homes appreciated 6.9% from January to January.
The number of listings expiring is up somewhat, but the total is only now at 27%, which is not a high number compared to other markets. It was a very low 9% last year however, so those of you who are anxious to glean the collapse of western civilization from the fluctuations in real estate activity may want to say it’s increased three-fold. Berkeley’s numbers are still very strong overall..