Traditionally speaking, spring is a hot time of year for home sales. And this year in Berkeley proves no exception. Trulia reports that the average price per square foot for a home in Berkeley averaged $598, an excellent price for home owners and sellers.
Compared to the same time period last year, this is an increase of 11.8%. Median home sales prices also showed an increase compared to last year, averaging $760,000, an increase of 1.3% or $10,000.
Potential home buyers might be interested to note that currently there are 61 resale and new homes listed on Trulia, providing some inventory and allowing some movement for those interested in moving to Berkeley. Popular neighborhoods include Berkeley Hills and South Berkeley commanding prices in the $1.4 million dollar range and $633,000, respectively.
Foreclosures still play out in Berkeley, offering potential home buyers an opportunity to grab a great deal. Currently there are 58 homes in the pre-foreclosure, auction, or bank-owned stages.
With opportunities abounding in Berkeley, now may be the perfect time to consider a move. The Sexton Real Estate Group lives and breathes the Berkeley lifestyle. Rick and Ernie are experts in all aspects of the home buying experience, specializing in the Berkeley neighborhoods. We can point you in the right direction of which neighborhoods fit your lifestyle, which schools to enroll your children, and the hot and happening spots for leisure.
Contact us today and let us show you around. We can help you figure out how much you need to put down, what steps you need to qualify, and the best practices to get you in the home of your dreams. Come home to Berkeley! We can’t wait to hear from you!