The 2014 Berkeley Real Estate Market Research Report!
Full Report
Click the above graph or the 2014 Berkeley Real Estate Market Report link to see the details. Here’s a quick summary”.
Summary
Price Trends
I researched Berkeley Sales Prices over a 15 year period.
Berkeley homes prices are now greater than 2006 values, and up significantly from the 2011 prices.
The trend shows Berkeley home prices will likely increase in 2015, albeit probably at a slower rate than we saw in the 2012-2013-2014 period.
2015 looks like it will be a good year for selling … particularly if you’re planning to downsize or relocate as so many of our other sellers have done.
Berkeley Fine & Luxury Homes
Over the past 15 years, Berkeley fine and luxury homes (those in the highest 5%) have sold for about twice that of Berkeley’s median price.
What’s interesting is that the difference between the median price and top 5% increased in 2014.
High Net Worth Individual (HNWI) value both time and money, and time is the more precious commodity. Thus, since they have the resources, they’re able and willing to pay a higher price for a home because they’re limited in time.
The Next Step
Thinking of selling? Call us at 510-526-6668 or email serkes@berkeleyhomes.com. We’ll prepare detailed market research and analysis customized for your home, and discuss the options best for you!
Ira & Carol Serkes, Certified Residential Specialists
Read the Full Report
Click the above graph or the 2014 Berkeley Real Estate Market Report link.
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