I have a dear friend whose family mantra is "Every day is a gift." At some point, I stole the mantra for my family, as well. As we get used to our new normal, I think we are all more keenly aware of what is in our control and what is not.
Nationally, the housing market came roaring back in June, as low mortgage rates and increased economic activity helped push sales of previously owned homes up 20.7% from the prior month according to the Wall Street Journal. Demand was strong from apartment renters seeking more space, young families moving to the suburbs, and wealthy city dwellers looking for second homes.
I have personally witnessed this - taking multiple offers on homes in Moraga and Orinda this month. Lamorinda continues to be a desired destination. My sellers are leaving to maximize this one life that we get - going to live the next phase of their lives near loved ones or just right-sizing/right-placing. I'm grateful to continue to do what I love where I love to do it.
Below is a look at our local market activity in Moraga and Lamorinda.
The above chart shows the median sale price of homes in our area in the last 12 months by bedroom count.
The above chart illustrates the big rebound in buyer demand in May and June, as the number of listings accepting offers rose above last year's.
While inventory has risen back to previous year levels, interest rates also remain historically low.
123 Alta Mesa Court, Moraga
3 Bed | 2 Bath | 1,954 SF
Offered at $1,100,000
617 Augusta Drive, Moraga
3 Bed | 3.5 Bath | 2,206 SF
Offered at $1,049,000
26 Merrill Circle South, Moraga
4 Bed | 4 Bath | 3,710 SF | 1.01 Acre
Offered at $1,550,000
222 Overhill Road
4 Bed | 3 Bath | 2,572 SF | .83 Acre
Offered at $1,550,000
1807 Saint Andrews Drive
3 Bed | 2.5 Bath | 2,828 SF
Offered at $1,450,000
23 Coffee Berry Lane
4 Bed | 4.5 Bath | 3,512 SF | .42 Acre
Offered at $2,395,000
Enjoy one of my favorite podcasts... Choiceology with Katy Milkman
Can we learn to make smarter choices? Listen in as host Katy Milkman shares stories of irrational decision making—from historical blunders to the kinds of everyday errors that could affect your future. Choiceology, an original podcast from Charles Schwab, explores the lessons of behavioral economics, exposing the psychological traps that lead to expensive mistakes.
Nothing But You - Things to do Solo
Go for a walk and explore your neighborhood.
Listen to an album you haven't heard yet.
Write a handwritten letter to someone.
Break out those new colored pencils and test a meditative coloring book.
Bake / grill / cook something with peaches! Why peaches? Because it's peach season and they're delicious. They're also super hydrating, packed with vitamin C, and calcium
Nothing But The Greens
Plants have incredible healing powers! For example, basil has powerful anti-inflammatory / antioxidants that help fight cancer and premature aging.
Parsley - helps control cholesterol, antiseptic for teeth and gums, and reduce blood sugar.
Thyme - antioxidant that relieves gum infections, helps with cold symptoms like reduces fevers and improves sleep!
Sage - improves brain function and memory.
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.