The cost of Berkeley homes has surged during the pandemic, across most price points, and the median, by some measures, has surpassed that of San Francisco. Credit: Pete Rosos
The Berkeley real estate market, which has been a world unto itself for decades, has recently entered an entirely new orbit.
“I don’t think I have ever seen the market as overheated as it is now, and I’ve been doing this since 1980,” said Alison Teeman, co-owner of Yovino-Young, a Berkeley real estate appraisal company. It’s gone from an incremental annual price increase to “unprecedented” hikes, she said.
“I don’t think I have ever seen the market as overheated as it is now, and I’ve been doing this since 1980.” Alison Teeman