Berkeley Hills and Thousand Oaks Home Prices - Yin and Yang
By Barbara Reynolds, Buyers Agent, Listing Agent, Luxury Homes, Invest
(McGuire Real Estate)
Interestingly, although home prices in the Thousand Oaks neighborhood of Berkeley are typically above those of the Berkeley Hills, in the last six months, they have reversed themselves a bit. Enough so that the average sale price in Thousand Oaks is a bit below that of Berkeley Hills. (Basically Thousand Oaks is the 94707 zip code, Berkeley Hills is the 94708 zip code.) Specifically, the average home price for Thousand Oaks over the last six months was $762,232 (when you take out a $2.5M sale, which was an aberration). This compares to $795,282 for the same time last year, or a small drop of about 4% for average home prices. Home prices for the Berkeley Hills averaged $786,808 for the last six months, versus $761,554 the same time last year, or a slight bump up of 3.3%. These Berke...
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