|
LAMORINDA MARKET STATISTICS |
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|
Third Quarter 2010 vs. Third Quarter 2011 |
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|
Single Family Residences (excludes condominiums) |
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|
3RD QTR 2010 |
3RD QTR 2011 |
% CHANGE |
|
| Lafayette | |||
| # of Sales |
69 |
76 |
10% |
| Average Price ($000) |
$1,193 |
$1,072 |
-10% |
| Average CDOM |
74 |
54 |
-27% |
| Months of Inventory |
5.0 |
3.4 |
-32% |
| Moraga | |||
| # of Sales |
33 |
46 |
39% |
| Average Price ($000) |
$942 |
$875 |
-7% |
| Average CDOM |
52 |
50 |
-4% |
| Months of Inventory |
4.2 |
1.6 |
-62% |
| Orinda | |||
| # of Sales |
61 |
47 |
-23% |
| Average Price ($000) |
$1,094 |
$1,056 |
-4% |
| Average CDOM |
67 |
55 |
-18% |
| Months of Inventory |
4.1 |
3.8 |
-7% |
***We are finding that the inventory has been very low . There are very few “turn-key” / charming homes on the market in Lamorinda specifically in the $750,000-$1,100,000 range. There are actually a great number of buyers out there who are preapproved and ready to jump (non-contingent offers) when these homes do become available. It is critical that they are priced right…and if they are, believe it or not, we have had several homes in the area receive multiple offers!
Brydon & Ives Team Lafayette, Moraga & Orinda Real Estate 