A snapshot of the East Bay Residential Real Estate Market -at the end of the third quarter 2009--
All areas showing declines in median prices from the same time the previous year:
# Sold |
Median Prices |
% Change |
||
| Sep-09 | Sep-08 | Yr-to-Yr |
||
| ALAMEDA | 56 | $502,000 | $564,750 | -11.11% |
| ALBANY | 15 | $480,000 | $694,000 | -30.84% |
| BERKELEY | 51 | $581,000 | $660,000 | -11.97% |
| OAKLAND | 352 | $219,750 | $275,000 | -20.09% |
| Alameda County | 1,555 | $357,000 | $385,000 | -7.27% |
| EL CERRITO | 17 | $504,000 | $625,000 | -19.36% |
Now let's look at the data for single family homes in all of Berkeley, through October 2009.
I am happy to provide data for any area that you like, for any city, zip code or MLS region in the greater East Bay. Just give me a call, or send me a message.
In summary, in comparing one month's data to the corresponding month two years ago, we find that:
Median SOLD Price is up 4.6% from last October 2008, but up only3% from Oct. 2007. Asking prices have dropped more: down 6%, from two years ago.
Inventory in Berkeley.
Supply and Demand in Berkeley.
This year in Berkeley, the number of properties sold went from a low of 15 in January, to a high of 53 in April. Each sale represents an opportunity for two agents to be involved in a transaction. That means that through October, there have been a total of 345 sales, representing 690 sides, providing roughly one transaction per agent for the members of the Berkeley Association of REALTORS(R).
