March 2012 LAMORINDA real estate market update

As we put closure to the month of March 2012 we take a look at our last real estate market update for Lafayette, Moraga and Orinda

Lafayette had 23 sales of single-family homes the average days on market was 33.
Prices range from $365,000-$1,295,000.
The average list price was $920,220 – $395 per square foot.
The average sold price was $904,219. That's $383 a square foot or a 1.7% drop in price.
The median house price was $769,000.
The median sold price was $750,000. That is a 2.5% drop in price.
7 listings sold over their asking price anywhere from one to almost 9%.
30% of the homes in Lafayette sold either at asking price or above asking price.

Moraga had 18 single-family homes and condos that sold in the month of March.
Prices range from $119,500-$1,349,000.
The average list price was $771,049 or $350 per square foot.
The average sold price was $763,166 or $346 per square foot a 1% drop in price.
The median list price was $797,000.
The median sold price was $781,750. That's 1.9% drop in price.
7 listings sold at or above the asking price.
39% of the homes in Moraga sold either at asking price or above asking price by as much as 3.5%.

Orinda had 18 sales with an average days on the market of 64.
Prices range from $339,000-$1,595,000.
The average list price was $974,722 or $391 per square foot.
The average sold price was $955,166 or $384 per square foot a 2% drop in price.
The median list price was $927,000.
The median sold price was $921,000 less than a 1% drop in price.
5 listings sold at or above the asking price anywhere from 1% to 5% above asking.
28% of the homes in Orinda sold either their asking price or above asking price.