Lamorinda Market Update May 2014

May 2014 LAMORINDA Real Estate Market Update

 

LAMORINDA single family home prices are up 8.5%

There were 75 single family detached homes that sold in Lamorinda in May 2014

15 (20%) of the homes sold BELOW their asking price

54(72%) of the homes sold ABOVE their asking price

6(8%) of the homes sold AT their asking price

The average dollar per square foot in May 2013 was $487

The average dollar per square foot in May 2014 was $532

Lafayette had 32 sales of single-family homes with an average of 17 days on market

Prices range from $550,000 to $2,995,000

The average list price was $ 1,363,062

The average sold price was $ 1,429,311 or $514 a square foot

The median house listed for $ 1,207,000

The median sold price was $ 1,207,500

8(25%) of the homes in Lafayette sold BELOW their list price

22(69%) homes sold ABOVE their list price

2(6%) homes sold AT their list price

Moraga had 14 single-family homes that sold in May

Average days on the market was 20

Prices range from $829,000-$1,575,000

The average list price was $ 1,203,642

The average sold price was $ 1,289,013 or $525 per square foot

The median list price was $ 1,272,500

The median sold price was $1,377,500

0 listings (0%) of the homes in Moraga sold BELOW their list price

12 (86%) of the homes sold ABOVE their list price

2 (14%) of the homes sold at their list price

Orinda had 29 sales in May 2014 with an average days on the market of 15

Prices range from $695,000 - $2,325,000

The average list price was $ 1,389,041

The average sold price was $1,488,519 or $554 per square foot

The median list price was $ 1,199,000

The median sold price was $1,355,000

7  listings (24%) of the total homes sold BELOW their list price

20 properties (69%) sold ABOVE their list price

2  properties(7%) sold AT their list price