subject: Berkeley Real Estate Market Comparison Report (february 2009 Vs. February 2010) [print this page] We analyze several housing market indicators in order to present an in-depth breakdown of Berkeley Real Estate Market comparing February 2009 to February 2010.
Summary of Key Points
Berkeley Real Estate has started showing marginal signs of improvement .Though median sales price dropped by 8.17% ,median days on market also dropped indicating quick turnover. Sellers received 100 % of asking price and number of units increased by 8.7%.
Key Statistics, Berkeley, CA: Median Sales Price (-8.17%), Median Days on Market (-27.71%), and Number of Units Sold (8.70%), Sales Price to List Price Ratio (Feb 09 99% - Feb 10 100%)
Berkeley Real Estate
The city of Berkeley experienced an 8.17% decrease in median sales price from last year going down from $676,561 (Feb. 09) to $621,283 (Feb. 2010). Median days on market data for Berkeley show that houses are selling faster than Feb 09. It took 40 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 29 days (a 27.71% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 23 units were sold compared to 25 for Feb 10 (8.70% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Berkeley. SP/LP ratio for Feb 09 was 99% compared to 100% for Feb 10.
Lets take a brief look at neighbors Castro Valley and Walnut Creek. Castro Valley Real Estate featured a 17.20% increase in median sales price ($421,601 Feb 09 - $494,133 Feb 10) and Walnut Creek Real Estate saw a 1.93% increase ($503,255 Feb 09 - $512,943 Feb 10). Are houses in Castro Valley and Walnut Creek selling faster or slower this year? Well, Castro Valley experienced a 0.73% increase in median days on market and Walnut Creek saw a 37.60% decrease (70 to 43 days). In the units sold category, Castro Valley sold 7 unit more (26.92%) in Feb 2010 than 09 and Walnut Creek sold 20 units more (68.97%) in Feb 2010 than Feb 09.
Consult latest research and find Homes in all major cities in California including Berkeley Hills Real Estate, Castro Valley Real Estate, Walnut Creek Real Estate.
You can also access Berkeley Real Estate for viewing the latest market inventory
Homes for sale for MLS Search,
Bank REO / Short Sale Search
Foreclosure Search ( Outside MLS)
Just Listed Properties
Income Properties (1-4 units)
Condo searches
New Construction Homes
In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.
