Scott Ward's Market Update

Berkeley, CA 94702

Single-Family Homes

Scott Ward Real Estate | www.scottward.me | scott@scottward.me



Berkeley, CA 94702

Thu Jan 17 2019
This week the median list price for Berkeley, CA 94702 is $788,500 with the market action index hovering around 55. This is less than last month's market action index of 62. Inventory has held steady at or around 10. Click here to stay informed with the Berkeley market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Berkeley, CA 94702

Thu Jan 17 2019
This week the median list price for Berkeley, CA 94702 is $788,500 with the market action index hovering around 55. This is less than last month's market action index of 62. Inventory has held steady at or around 10. Click here to stay informed with the Berkeley market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $788,500
Per Square Foot $649
Days on Market 58
Price Decreased 20%
Price Increased 10%
Relisted 20%
Inventory 10
Median House Rent $3,495
Most Expensive $1,195,000
Least Expensive $699,000
Market Action Index
Strong Seller's Market
55

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,097,444 1,563 0 - 4,500 sqft 3 2 87 1 0 59
$874,475 1,651 4,500 - 6,500 sqft 2 2 101 0 0 66
$778,000 811 0 - 4,500 sqft 2 2 96 0 0 53
$725,000 1,064 0 - 4,500 sqft 3 2 98 1 0 58