Berkeley: A Week In The Home Market


The week ending June 22 saw 19 recorded home sales in Berkeley, 8 more than the previous week.

Here are the stats in detail (previous week in brackets):

Lowest Price: $523,500 ($534,000)
Highest Price: $4,050,000 ($1,493,500)
Median Amount: $755,000 ($976,000)
Average amount: $1,033,105 ($996,182)
Source: California Resource

One of the homes that sold in the mid-range was 2528 Benvenue Avenue (above) which went for $1,100,000, $50,000 (5%) above what it went on the market for. I liked this 6+-bedroom Craftsman when I reviewed it in April, but its location in Cal student heartland, and the need for some updating, might explain why the deal was made close to asking price.