Monday, September 2, 2013

Real Estate prices again up in LAMORINDA


Last year in AUGUST 2012 the average price per square foot for a home in Lamorinda was selling for $427. Today in August 2013 that average is $488 per square foot. That's a 12.5 % increase in home values over last year.

There were 63 single family detached homes that sold and were recorded in Lamorinda in August 2013.
39(62 %) of the homes sold above their asking price.
18(29%) of the homes sold below their asking price.
6 (9 %) of the homes sold at their asking price.

Lafayette had 25 sales of single-family homes the average days on market was 37. There was a 2.4% increase in list price vs. sold price
Prices range from $725,000 to $2,000,000.
The average list price was $ 1,178,000.
The average sold price was $ 1,218,000. That's $501 a square foot
The median house listed for $ 1,150,000.
The median sold price was $ 1,169,000.
12(48%) homes sold above their list price
9(36%) of the homes in Lafayette sold below their list price.
4(16%)sold at list price.

Moraga had 21 single-family homes that sold in August, 2013.
Average days on the market was 21.
There was a 4.2% increase in list price vs. sold price
Prices range from $699,000-$2,295,000
The average list price was $ 1,238,000.
The average sold price was $ 1,284,000 or $472 per square foot.
The median list price was. $ 1,215,000
The median sold price was $ 1,250,000.
15 homes(75%) sold above their list price.
4 listings (20 %) of the homes in Moraga sold below their list price.
1 (5%) of the homes in Moraga sold at their list price.

Orinda had 18 sales in August 2103 with an average days on the market of 33. There was less than 1% increase in list price vs. sold price
Prices range from $699,000 - $3,200,000.
The average list price was $ 1,257,000.
The average sold price was $1,265,000 or $488 per square foot.
The median list price was $1,050,000.
The median sold price was $ 1,101,000.
12 homes (67%) sold above their list price.
5 listings (28 %) of the total homes sold below their list price.
1 (5%)property sold at their list price.