Berkeley Home Values Growing at Scorching Pace

Photo: Home currently for sale in Berkeley. Credit: Zillow

Written by Renee Schiavone (Patch Staff)

Berkeley homeowners can rejoice in the knowledge that home values are rising at one of the fastest paces in the country.

According to Nerd Wallet, 9 of the top 20 cities with the fastest increasing home values across America were right here in the Bay Area, most of those in Silicon Valley.

The agency says they analyzed data from the real estate site Zillow to find the cities with the biggest increase in home values since 2009.

Berkeley finished at No. 48, with home values rising 32 percent during the time scrutinized. In Dec. 2014, the median price of a home here was $868,600.

Here’s the top 20 list, and as you’ll see, the Silicon Valley area is home to many:

1. Palo Alto
2. Key Biscayne, Florida
3. Cupertino
4. Mountain View
5. Sunnyvale
6. Redwood City
7. Bay Harbor Islands, Florida
8. Menlo Park
9. Foster City
10. Sunny Isles Beach, Florida
11. Somerville, MA
12. Santa Clara
13. Manhattan Beach
14. Wharton Township, Pennsylvania
15. Louisville, Colorado
16. Rochester, Michigan
17. Sapulpa, Oklahoma
    
18. Hermosa Beach
19. Miami Beach, Florida
20. Burlingame

Also on Patch:

Charming Home in a Vibrant Albany District (Photos)

Starter Home in El Cerrito for Under $500K (Photos)

6 Bedroom Home With Easy Commute Access in Dublin

Beautiful Home Has 4 Master Suites (Photos)

Amazing Blackhawk Home With Views of Mt. Diablo

Lovely Pleasant Hill Home is a Cook’s Dream (Photos)

Wow! See What $1 Million in Upgrades Does for a Home

Luxury Home Ideal for Multi-generation Family (Photos)

1926 Home Loaded With Charm--and Potential (Photos)

Spacious Standalone Townhome on Ballen Bay

Unique 8 Bedroom Home for Sale in Livermore (Photos)

Have You Seen This $25 Million Estate For Sale? (Photos)

Golf Course Home Available in Rohnert Park

$13.8 Million Woodside Estate on the Market (Photos)