Scott Ward's Market Update

Berkeley, CA 94703

Single-Family Homes

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



Current active inventory in Berkeley, CA 94703 is very low. Keep this in mind when looking at this report.

Berkeley, CA 94703

Thu Jan 17 2019
This week the median list price for Berkeley, CA 94703 is $1,465,000 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has held steady at or around 3. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Berkeley, CA 94703

Thu Jan 17 2019
This week the median list price for Berkeley, CA 94703 is $1,465,000 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has held steady at or around 3. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $1,465,000
Per Square Foot $664
Days on Market 70
Price Decreased 67%
Price Increased 67%
Relisted 67%
Inventory 3
Median House Rent $2,598
Most Expensive $1,495,000
Least Expensive $975,000
Market Action Index
Strong Seller's Market
53

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$1,465,000 2,205 4,500 - 6,500 sqft 6 3 139 0 1 70
$1,495,000 2,205 - 6 3 139 0 0 77
$1,465,000 2,205 0 - 4,500 sqft 6 3 139 0 1 98
$975,000 1,952 4,500 - 6,500 sqft 4 3 NaN 0 0 35