Did you know that if you lived outside the BART Zone in North Berkeley you could purchase a home for less and avoid a feeding frenzy of over list priced homes? The average home in the area around the BART station in North Berkeley is selling for 130% over list price and in some cases as high as 170%.
The BART Zone is defined in our search results as the area approximately 3.5 miles from the walkable area around the BART station north of University Avenue.
For a better value with more square feet, consider Kensington. From Kensington’s Arlington Aveune, you can pick up the AC Transit bus to San Francisco for a 45 min to an hour commute for $4.25 each way.
Data set for single family homes near N. Berkeley BART
Data set around AC Transit lines in the Berkeley Hills
If you look at both data sets, one around the North Berkeley BART station and the other in the Berkeley Hills around AC Transit commuter bus lines, you can see the home values. When you review the statistics comparing both areas together, you find that you can purchase an additional 400 square feet of home, the equivalent of a two car garage, two large bedrooms or even a mother in law unit, versus choosing a home near the BART station in Berkeley.
Why take the bus beyond getting more real estate for your dollar?
- Companies sometimes will offer a stipend or let you buy your bus pass on pre-tax dollars to incentive the use of public transportation
- Comfortable seating on the bus where you can work/read without worrying about traffic.
- Leave your car at your home, walk to Arlington Avenue and pick up the bus without the hundreds of other commuters you will find at the BART station.
Berkeley Hills Realty broker/owner, Tracy Sichterman, says, “My husband found the secret of riding the bus a few years ago to get to his job in the Financial District of San Francisco. He enjoys the ride from Kensington and brings his bike on the bus, too, so he can easily get to work and can enjoy after work activities in the City, as well.”
Summer 2016 Housing Market Snapshot:
Using Trulia data from June 1 – August 31, 2016 the East Bay regional housing market showed an upward trend all summer. Here is what some of the communities around the East Bay are looking like.
Berkeley showed a 6% year-over-year rise in median sales price to the current median price of $1,044,500 while Berkeley Hills showed a 20% year-over-year for a median price of $1,325,000. Alamo posted a 7% year-over-year price increase to a median sales price of $1,625,000. Trends in Oakland showed a 14% year-over-year rise in median sales price to the current median price of $647,000.
For both Kensington and El Cerrito there were limited home sales but current data shows the median price in Kensington is $950,000 and in El Cerrito the median price of single family home is $750,000.
If you would like to know what your home is worth or if you would like in depth neighborhood information, please contact us today!