Saturday, August 3, 2013

LAMORINDA Real Estate Market Update for July 2013


Last year in July 2012 the average price per square foot for a home in Lamorinda was selling for $428. Today in July 2013 that average is $506 per square foot. That's a 15.4 % increase in home values over last year.

 

There were 70 single family detached homes that sold and were recorded in Lamorinda in July 2013.
38(54 %) of the homes sold above their asking price.
23(33%) of the homes sold below their asking price.
9 (13 %) of the homes sold at their asking price. 

Lafayette had 21 sales of single-family homes the average days on market was 19. There was a 5.2% increase in list price vs. sold price
Prices range from $407,900 to $2,436,000.
The average list price was $ 1,212,000.
The average sold price was $ 1,282,000. That's $534 a square foot.
The median house listed for $ 1,075,000.
The median sold price was $ 1,165,000.
15(71%) homes sold above their list price.
5(24%) of the homes in Lafayette sold below their list price.
1(5%)sold at list price. 

Moraga had 11 single-family homes that sold in July, 2013.
Average days on the market was 13.
There was a 6.0% increase in list price vs. sold price.
Prices range from $829,000-$1,620,000.
The average list price was $ 1,101,545.
The average sold price was $ 1,173,590 or $465 per square foot.
The median list price was. $ 1,099,000.
The median sold price was $ 1,200,000.
9 homes(82%) sold above their list price.
0 listings (0 %) of the homes in Moraga sold below their list price.
2 (18%) of the homes in Moraga sold at their list price.  

Orinda had 38 sales in July 2103 with an average days on the market of 21. There was a less than 1% increase in list price vs. sold price.
Prices range from $689,000 - $2,995,000.
The average list price was $ 1,164,076.
The average sold price was $1,147,141 or $504 per square foot.
The median list price was $949,000.
The median sold price was $ 1,004,696.
14 properties (37%) sold above their list price.
18 listings (47 %) of the total homes sold below their list price.
6 (16%)properties sold at their list price.