THE OUTLOOK: North Berkeley & Berkeley Hills, Fall 2020 wrap-up

I find this sort of amazing given what’s been going on in the world this year, but our real estate market has continued to do remarkably well through the fall season.  The combination of super low interest rates and the desire to [...]

THE OUTLOOK: Berkeley (North & Hills), Summer 2020 wrap-up

Between the pandemic, the wildfires, and the blanket of smoke we’ve had to live with lately, one would think that the local real estate market would have gone into hibernation, but this has not been the case.  The pandemic has caused many [...]

THE OUTLOOK: Berkeley (North & Hills), Spring 2020 wrap-up

I’m going to shift focus somewhat for this issue of The Outlook. We’re living in a time right now when many of our usual concerns seem trivial.  Compared to the importance of the growing calls for an end to systematic racism and [...]

THE OUTLOOK: North Berkeley, Winter 2019-2020 wrap-up

Let’s start with a look back over the previous year in North Berkeley real estate, and then take a quick look forward. Over the course of 2019, there were 89 active listings in North Berkeley, and 81 properties sold.  Both of these [...]

THE OUTLOOK: North Berkeley, Fall 2019 wrap-up

The fall is always an interesting season in our real estate market, because we go from one of the slowest times of the year (just before Labor Day) to one of the busiest times of the year (just after Labor Day).  We [...]

THE OUTLOOK: North Berkeley, Summer 2019 wrap-up

After a super hot spring 2019, the North Berkeley market settled down somewhat over the summer.  Most properties still sold fast and for great prices, but there were a few that took somewhat longer to sell, and average days on the market [...]

THE OUTLOOK: North Berkeley, Spring 2019 wrap-up

The local real estate market looked like it was slowing towards the end of last year, but it sure has bounced back this spring!  I talked in the last newsletter about the common perception that big IPOs were going to create wealth [...]

THE OUTLOOK: North Berkeley, Winter 2018-19 wrap-up

The real estate market is constantly in transition -- seasonally, through market cycles, in response to changes in changes in employment and interest rates, and in response to changes in preferences.  Over the last handful of years, the North Berkeley market has [...]

THE OUTLOOK: North Berkeley, Fall 2018 wrap-up

There have been some real changes in the broader real estate market (in the Bay Area, statewide and nationally) since the beginning of 2018.  With interest rates rising, and more limitations on the deductibility of property taxes and interest on home loans, [...]

THE OUTLOOK: North Berkeley, Summer 2018 wrap-up

There has been a lot of talk lately about changes in the market triggered by higher levels of inventory.  Higher inventory was a factor again over the summer in other areas of Berkeley (see the post with data for the Hills area [...]