The cost of Berkeley homes has surged during the pandemic. Why?
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 ...
Source: berkeleyside.com