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Short Sale Listings in Berkeley, CA

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Living in Berkeley, CA

Berkeley, CA, is a vibrant city known for its prestigious university, diverse culture, and commitment to sustainability. The city offers a mix of urban amenities and natural beauty, with plenty of parks, restaurants, and shopping options. With its dynamic community, Berkeley is a perfect place for students, families, and professionals.

Current Market Conditions in Berkeley, CA

The real estate market in Berkeley is characterized by a strong demand driven by its desirable location and the presence of the university. Homes in Berkeley tend to sell quickly, and prices have shown a consistent upward trend over the past few years. Investors are particularly interested in rental properties due to the high demand for housing from students and faculty.

Recent data indicates that the rental market is very competitive, with vacancy rates remaining low. Home values have appreciated significantly, making it a favorable environment for sellers. However, the buying market presents challenges for first-time buyers due to rising prices.

Home Value Estimator For Berkeley, CA

There are currently 26,601 real estate properties in Berkeley, CA, with a median automated valuation model (AVM) price of $1,478,534.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Berkeley, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Berkeley, CA, is $1,693,196.00, with the most expensive house in Berkeley, CA, topping out at $249,995,200.00 and the cheapest home in Berkeley, CA, clocking in at $26,616.00. In other words, there’s something for every potential homebuyer or savvy investor in Berkeley, CA!

Rent Prices In Berkeley, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Berkeley, CA, is on a rollercoaster ride. The average rent price in Berkeley, CA, is $3,093.00. Indeed, when looking to rent in Berkeley, CA, you can expect to pay as little as $1,300.00 or as much as $6,480.00, with the average rent median estimated to be $3,090.00. The good news is that finding an affordable and desirable property to rent in Berkeley, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Berkeley, CA Short Sale Listings

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