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 [...]
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 [...]
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 [...]
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 [...]
In Berkeley hills, there were 195 active listings over the course of 2019, and 161 properties sold. 81% of the sales were for more than list price, with multiple buyers interested in most properties, and sale price averaged 20% above list price [...]
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 [...]
It was another interesting fall in local real estate, and we saw the usual flood of new listings to the market after Labor Day. Even though this happens pretty much every year (because many sellers wait to list until after Labor Day, [...]
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 market over the summer in the Berkeley hills was quite good. We all know that prices are determined by supply and demand, and both were in our favor. The supply of homes on the market was relatively low. There were 40 [...]
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 [...]
