« October 2008 | Main | December 2008 »
Marketing time in real estate is measured by how many days a property is on the market before it goes into contract. Take a look at the change year over year for the Lamorinda area. It's taking longer, generally speaking, for properties to sell this year compared to last, quite a bit longer in fact.
Orinda, Moraga, and Lafayette, collectively known as Lamorinda, is considered a top-notch area when it comes to real estate. So it is interesting to see how the community has faired this year to date, compared to 2007 for the same period. Here is a chart that shows the results through the first three quarters.
Here is an interesting look at the sales volume numbers for Lamorinda, broken down into each community, Orinda, Lafayette, and Moraga. I've taken the first three quarters of '07 and compared them to the first three quarters of '08.
All three communities combined, Lamorinda, had a drop in volume of about 24%.
