May you and yours experience the abundance, gratitude and joy of the season and may you enjoy relaxation and recreation with your loved ones.
If you are interested in keeping up with the market, I have the ability create a customized search collection for you to be notified via e-mail whenever homes with the characteristics you are interested in (by city, size, etc.) come to market, sell, or are being held open. Ping me if you'd like for me to set that up for you.
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Lamorinda Market Statistics
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The list price to sales price difference is an excellent indicator of demand. If the price segment's percentage of sales is significantly lower than the segment's percentage of listings available to buy, it signifies softer demand as compared to other price segments, such as wit the case of higher priced properties (which make up 3.3% of Lamorinda's sales, but 18% of available inventory).
Overpriced listings in any segment will typically fail to sell (without price reductions), and appealing, well-priced listings can sell very quickly with multiple offers.
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Location is, of course, always important in real estate value - within the county, within the city, within the neighborhood - but to a large degree, market dynamics within the region are also determined by the home's price segment.
Generally speaking, by most measures, demand is significantly softer and supply is higher (as compared to demand) above the $2 million price threshold. In Lamorinda, homes priced between $1-2 million are the most common, and generally, the quickest to sell.
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Homeowners nationwide are remaining in their homes typically 13 years, five years longer than they did in 2010. Many stay much longer, another reason supply is so tight - and pricing is up - in many areas. There are now less than HALF the number of homes for sale per household compared to 2007. (WSJ)
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SOLD
4 BD | 3 BA | 2954 SQ FT | .48 Acre
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Happenings Around Town...
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MORAGA COUNTRY CLUB TURKEY TROT
Thursday, November 28th, 7-10 AM
MCC, 1600 St. Andrews Dr.
Bring your family, bring your friends and enjoy the start of your Thanksgiving Day with the 3rd Annual MCC Turkey Trot Fun Run.
Your race contributions go to the Food Banks of Contra Costa & Solano Counties.
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ONE WARM COAT
3595 Mt. Diablo Blvd #200
No one should be cold this winter. Through January 6th please bring your gently used coats, sweaters, and blankets (clean and in good condition) to the Compass Lafayette office (address above) or contact me and I will arrange pick up at your home.
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I have been using the Insight Timer app for years and this 10 minute morning meditation is my favorite! Nearly 145,000 reviewers give this app a 4.9 out of 5 rating. People like that it offers a free library of about 20,000 guided meditations that range from beginner to advanced, in categories ranging from relationships to improved sleep to stress reduction. Be well!
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© 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.
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