Jan 1-15: Lafayette, Moraga, Orinda Sold and Pending Homes
Total sold: 14
Lowest: $410,000/ Highest: $2,800,000
Median days on market: 44 days
Median sold price: $1,715,000
Total transactions: Approx $23m
Total pending: 5
Lowest: $599,000/ Highest: $1,895,000
Median days on market: 10 days
Median asking price: $1,495,000
Total For Sale: 38
Lafayette (21) - median price $2,149,000
Moraga (3) - median price $1,200,000
Orinda (14) - median price $1,999,000
Happy New Year all!
Q4 in 2022 was uncomfortably slow in many markets across Bay Area CA (due to the high interest rates). As rates continue to improve (30 year jumbo under 6% currently), I am seeing an uptick in activities among my buyers.
Here’s what you can do to get ready for spring market:
1. Get pre-approved for a mortgage
Get a clear picture of your financing situation before you look for properties.
2. Work with a dedicated buyer agent
It is important to work with a buyer agent, to understand the market/price trends, disclosure package, pros and cons of each property. I’ll be happy to guide you through the home buying process.
3. Submit a winning offer
There are multiple ways (terms, financing, contingency etc) to craft your offer so it stands out and win you the home.
Do you have any questions about value in Lafayette, Moraga, Orinda CA, or what’s going on in the market? Reach out to Lamorinda realtor Judy Sin today.