Berkeley, CA

Real estate in Berkeley, California is a hot commodity. The city has a population of over 100,000 people and an expanding economy that is driving up demand for housing. There are many factors that contribute to the high demand for real estate in Berkeley, including its location within close proximity to major metropolitan areas such as San Francisco and Los Angeles, its strong economy, and its status as a highly desirable city to live in.

The median price of a home in Berkeley reached $1.2 million in May 2017, according to Zillow data. This is significantly higher than the median price of $836,000 for all of California and significantly higher than the national median price of $500,000. The high prices reflect not only the demand for housing but also the quality of homes available on the market. Many homes in Berkeley are large and luxurious with spectacular views of either the Bay or Mount Diablo.

One reason why so many people are interested in buying or renting homes in Berkeley is because of its strong economy. The city has been experiencing steady growth since 2000 and it is projected to continue growing at a rate above average for California cities through 2020. This growth has led to increased demand for housing not only by current residents but also by people who are looking to move into the area permanently or temporarily.

Another factor contributing to high demand for real estate in Berkeley is its status as one of America’s most desirable cities to live in. According to Niche website, Berkeley ranks first on their list of “America’s Best Cities For Young Adults” and fourth on their list of “America’s Best Cities For Creative Professionals”. These rankings are based on factors such as affordability, job opportunities, quality of life, public transportation options, and recreational opportunities available nearby. These rankings make it clear that people who want to live in a city with excellent amenities and qualityof life are drawnto Berkeleybydefault