Mon Sep 21 2020
This week the median list price for Berkeley, CA 94708 is $1,489,000 with the market action index hovering around 58. This is an increase over last month's market action index of 54. Inventory has held steady at or around 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,489,000|
|Per Square Foot||$741|
|Days on Market||52|
|Strong Seller's Market|
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,587,500||3,629||0.25 - 0.5 acre||5||5||96||2||3||0|
|$1,699,000||3,499||4,500 - 6,500 sqft||5||4||79||0||1||210|
|$1,418,500||1,835||0 - 4,500 sqft||3||2||88||1||2||21|
|$995,000||1,224||6,500 - 8,000 sqft||2||2||70||2||2||2|