High-tech employees drive Berkeley home values

Price appreciation in the city will continue, but moderate
  • Techies that live in Berkeley but work in San Francisco can commute back and forth via Transbay or BART.
  • High home prices in San Francisco and the peninsula are driving more buyers to East Bay markets like Berkeley and Oakland.
  • North Berkeley, Berkeley Hills and South Berkeley are the city's top neighborhoods for sales activity.

According to a quarterly report from Red Oak Realty, home values in Berkeley will benefit from declining inventory levels and the city’s growing population of high-tech employees, some of whom are heading to the East Bay because of high prices elsewhere in the Bay Area.