My youngest son turns 25 today… A big milestone in our family because, as I learned as a PEP volunteer teacher (parent educator program) many years ago at Los Perales Elementary, men have fully developed frontal lobes at the age of 25. This is our brain center for decision making and it was always a joke in our family that you weren’t really capable of making a good decision, or at least were not fully culpable for the bad ones, until you were 25.
You’ll see below that new trends are developing in real estate due to Covid… Good luck with all your decision making!
Here is a look at our local market activity in Moraga and Lamorinda.
The above table ranks each county by the percentage of active listings going into contract in June/July 2020 - a standard statistic of market heat - compares it to the same period of last year, and then rates the scale of the year-over-year change.
As compared to Bay Area counties, Lamorinda currently ranks as one of the highest demand markets in the region.
- Multi-Purpose Sanctuary: Buyers want space to exercise, and not just on a Peloton bike in the bedroom but in a light-filled room. They want a dedicated home office, and probably two, with good lighting and an elegant backdrop for a Zoom call.
- Moving to the Suburbs: Buyers are cutting ties with the cities where they work, looking for space and privacy in the suburbs, the country, and second-home destinations like South Lake Tahoe, Palm Beach, Hawaii, and the Hamptons.
- Second Home, Primary Destination: Many homeowners are adding upgrades more typical of a primary residence, like more storage and expanded kitchen pantries. Those who didn't own a second home before the pandemic are looking to buy one now.
- Outdoor Luxury: Homeowners want those spaces to be welcoming, with pools, cabanas, and outdoor living rooms with features like a fireplace, a television, a bathroom, and a kitchen with a pizza oven.
3131 Gloria Terrace
5 Bed | 4 Bath | 4,415 SF | .59 Acre
Offered at $1,995,000
108 Miramonte Drive
2 Bed | 2 Bath | 1,134 SF
Offered at $655,000
23 Coffee Berry Lane
4 Bed | 4.5 Bath | 3,512 SF | .42 Acre
Offered at $2,395,000
1807 St Andrews Drive
3 Bed | 2.5 Bath | 2,828 SF
Sold for $1,500,000
222 Overhill Road
4 Bed | 3 Bath | 2,572 SF | .83 Acre
Sold for $1,772,000
26 Merrill Circle South
4 Bed | 4 Bath | 3,701 SF | 1.01 Acre
Sold for $1,550,000
2020 ART OF MIXOLOGY
The Lamorinda Arts Council's biggest fundraiser is going virtual and bringing the cocktails to you! Become a mixologist and mix up each of the 5 finalist's creative craft cocktails which will be turned into Art of Mixology Cocktail Kits, available for preorder from September 7th. Mixology Kits will include everything you need (except the spirits) to make a delicious cocktail at home.
ORINDA CLASSIC CAR SHOW
The 2020 Orinda Classic Car Tour will happen on Saturday September 12th at 10:30 AM. Enter your car or motorcycle and enjoy riding again along with fellow car and motorcycle lovers.
This year the Orinda Classic Car Show will transform into the 2020 Orinda Classic Car Tour, with an organized drive scheduled to run through the Lamorinda area plus the Berkeley Hills.
MUSEUM OF HAPPINESS
To visit is on my bucket list! The museum gives visitors a tour of global happiness, showing how perceptions of it have changed throughout history, what it looks like in different regions, and why some countries report more of it than others.
Clear guidance, strategy, and market expertise when you're ready to move. Your Moraga real estate advisor and neighbor.
© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.