Sheila Sabine - C'est Le Buzz - What do you get for $1 Million?
What's going on in the East Bay market – what do you get for $1 million--- The typical Albany home (a two bedroom one bath bungalow with a small yard) is worth almost $1 million. The highest sales price in Albany this year which broke records was for over $2.4 million dollars with the average median sales price in 2017 being $983,000. The median sales price in Berkeley is $1,160,000- for a typical 3 bedroom, one bath bungalow near Sacramento Street. The flatlands of Berkeley are becoming more popular than the homes in the Hills. Proximity to amenities is a significant price driver. People want to be close to transportation, coffee shops, biking and walking. The median sales price in Piedmont is just under $2 million. The highest sale in Piedmont was in 2004 for $8.8 million. Many people are not moving because they cannot find a place to go and or they do not want to pay capital gains when they sell because their homes...