north berkeley market update: An Update on the Berkeley, CA Real Estate Market: When WAS the peak??
- 04/04/10 12:26 PM
Usually when I analyze sold data for the Berkeley, CA real estate market, it reinforces what I’ve experienced as a REALTOR® representing both buyers and sellers in this East Bay area. Not so with the first quarter results for 2010! As our spring market evolved in 2009 we all were painfully aware of extremely low inventory. First quarter of 2009 saw a total of only 55 single family home sales. This year it feels as if we have a bit more inventory (a total of 72 sales), but we also have significantly more buyers. I would hope this would be true, … (0 comments)
north berkeley market update: As Spring begins, so does the North Berkeley Real Estate Market
- 03/21/10 04:56 PM
For the past week in Berkeley, CA we've had gorgeous spring weather. Starting with the narcissus, we've had a progression of beautiful things in bloom: camellias, magnolias, daffodils, freesias and now tulips, cyclamen and a deep blue California native ceanothus. It's thrilling to hear the buzz of bees gorging themselves on pollen as they move through the blue blossoms.
And as our gardens have come fully into flower, so is our real estate market emerging. Unlike so many other parts of the country where the phrase "glut of inventory" defines their condition, we have had many months of very few … (1 comments)
north berkeley market update: An Early Summer Snapshot of the High-End North Berkeley Market
- 07/11/09 06:52 PM
I recently was on the listing side of two wonderful, "very Berkeley" Arts & Crafts homes in North Berkeley. Neither of them had classic floor plans, but both had tremendous amounts of original wood and exceptional period details, multiple fireplaces, updated kitchens and larger than normal lot sizes. In both cases I was successful in getting our local paper to feature these homes in the Real Estate sections during their marketing period. That special marketing, an individual website for each property with lots of photos, plus my marketing to a specialized group of Arts & Crafts and period home enthusiasts, resulted … (0 comments)
north berkeley market update: What's it like to be a high-end buyer in Berkeley right now?
- 07/09/09 02:32 PM
Ask my high-end buyers -- those who plan to spend more than $1.2M on their home purchase -- and they will undoubtedly comment about two problems, both of which have gotten only worse as the year has progressed. 1. Limited inventory. Berkeley's residential inventory has been roughly half of what existed in 2008. In properties listed at $1.2M and above, inventory during the past 12 months is down 12% from the previous 12 months. Interestingly though, median price has changed very little. Median price for the $1.2M and above sector in Berkeley in June 2007 was $1.389M. In June 2008 median … (0 comments)
Arlene Baxter's musings on the state of real estate in Berkeley, CA and its neighboring communities, and the joys and pleasures of this area that inspire so many fine folks to want to live here. In-depth East Bay real estate market updates, restaurant reviews, architectural appreciation and garden gandering!
Usually when I analyze sold data for the Berkeley, CA real estate market, it reinforces what I’ve experienced as a REALTOR® representing both buyers and sellers in this East Bay area. Not so with the first quarter results for 2010!
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