Mid Month May 2012 real estate sales for Lamorinda

Lafayette had 14 sales of single-family homes the average days on market was 27.

Prices range from $679,900 to $3,690,000
The average list price was $1,324,207
The average sold price was $1,188,428. That's $399 a square foot or a -10.3% drop in price.
The median house listed for $1,187,000.
The median sold price was $1,064,740.
7 (50% of the homes in Lafayette) sold below their asking price.
5 sold at or above asking price.
2 homes (one listed at $1,795,000 and one at $3,690,000) did not report their sales price.

Moraga had 8 single-family homes that sold in the first half of May.
Average days on the market was 14.
Prices range from $765,000-$1,021,750.
The average list price was $1,021,750.
The average sold price was $1,011,312 or $391 per square foot less than a 1% drop in price.
The median list price was $ 937 ,000.
The median sold price was $ 931,000. That's .06% drop in price.
5 listings sold below their asking price and 3 homes sold at or above the asking price.

Orinda had 11 sales with an average days on the market of 12.

Prices range from $495,000 - $1,650,000.
The average list price was $1,065,000.
The average sold price was $1,074,717 or $497 per square foot, a 0.09% increase in price.
The median list price was $1,115,000.
The median sold price was $1,100,000 less than a .01% drop in price.
5 listings sold below their asking price 6 properties sold at or above the asking price.

As we put closure to the month of April 2012 we take a look back at our real estate market update for Lafayette, Moraga and Orinda. The market is changing for the better as more inventory and more buyers enetr the market. We are experiencing the rebirth of the multiple offers on good homes.  

Lafayette had 29 sales of single-family homes the average days on market was 26.

Prices range from $529,900 to $2,795,000

The average list price was $1,060,995 – $401 per square foot.

The average sold price was $969,706. That's $378 a square foot or a 8.6% drop in price.

The median house listed for $997,000.

The median sold price was $920,000. That is a 7.7% drop in price.

An impressive16 (45% of the homes in Lafayette) sold at or over their asking price.

1 home went as high as 26% over asking.

Moraga had 12 single-family homes that sold in the month of April.

Average days on the market was 33.

Prices range from $670,000-$1,649,000.

The average list price was $1,048,079 or $389 per square foot.

The average sold price was $1,041,882 or $387 per square foot less than a 1% drop in price.

The median list price was $1,037,000.

The median sold price was $1,017,750. That's less than a 1% drop in price.

7 listings sold at or above the asking price.

42% of the homes in Moraga sold either at asking price or above asking price by as much as 15%.

Orinda had 13 sales with an average days on the market of 53.

Prices range from $450,000 - $2,650,000.

The average list price was $1,092,192 or $405 per square foot.

The average sold price was $1,077,230 or $401 per square foot a 1% drop in price.

The median list price was $995,0000.

The median sold price was $975,000 less than a 2% drop in price.

5 listings sold at or above the asking price anywhere from 1% to 3% above asking.

38% of the homes in Orinda sold either their asking price or above asking price.