Lamorinda Real Estate

4 Bedroom Homes For Sale In Orinda

 

 4 bedroom homes for sale in Orinda are  typically a hot commodity. As in most  communities, the 4 bedroom home in  Orinda is the most sought after model.  Since January 1st, 2009, 87 4 bedroom  homes have sold in Orinda. The average  price for these sales is $1,175,000 and  the median is $1,085,000. The average  number of days on the market was 53. 15  of those sales have taken place this year.  For those 15, the average price is  $1,063,267 and the median is  $1,160,000, with the average days on the  market number at 76.

 As of this writing, 3/29/2010, there are  15 pending sales in the 4 bedroom homes  for sale in Orinda category. 3 of the  pending sales are pending subject to  lender approval. In other words, they are  short-sales, or selling for less than what the owner owes the bank.

Neighborhoods represented in the 4 bedroom homes for sale in Orinda include Castle Gate, Charles Hill, Country Club, Del Rey, El Toyonal, Glorietta, Ivy Drive, Lost Valley, Miner Road, Claremont, Orinda Oaks, Orinda Woods, and Sleepy Hollow.

The Glorietta neighborhood weighs in with the most activity for all actives, pendings, and solds since January 1 of 2009 with 16.

I’ve created the following searches for home-buyers who would like to search current 4 bedroom homes for sale in Orinda in specific price ranges;

4+ bedroom homes for sale in Orinda for under $1m

4+ bedroom homes for sale in Orinda  $1m - $1.5m

4+ bedroom homes for sale in Orinda  $1.5m - $2.5m

4+ bedroom homes for sale in Orinda  $2.5m and Up

Market Snapshot

It’s that time of year when inventory is growing each week. If you are serious about buying in Orinda and want the best deal possible, of course who doesn’t, contact me and find out what it takes to successfully invest in this competitive market. More 4 bedroom homes for sale in Orinda are coming on the market each week, and the good ones go fast!

Posted via email from The Lamorinda Real Estate Posterous

Moraga Townhouses and Condos - Miramonte Gardens

Moraga Townhouses and Condos are the most affordable choice for families who would like to benefit from the excellent local schools, and Miramonte Gardens is at the top of the list. Located directly across from Miramonte High School, last years top rated school in the top rated district in the state, the students can sleep in a little later, roll out of bed, and walk to class. The other borders of the complex are Moraga Country Club and Moraga Way. Bus lines are within walking distance and BART is about a 10 minute car-bus ride.

Miramonte Gardens is one of many choices for Moraga Townhouses and Condos. The complex has about 200 units, ranging from about 927 square feet up to 1,828 square feet. All are at least 2 bedrooms and go up to 4 bedrooms. There are some 1 bathroom units, up to 3 bathrooms.

Some of the 2 bedroom and 2 bathroom units can actually live like 4 bedrooms. In addition to the 2 bedrooms, there are a couple of spaces designed as “studies” or “sewing rooms” that have doors and closets. I’ve seen units listed as 2 bedroom actually house 4 St. Mary’s College students.

26 units have been sold from January 1st, 2007 to today, 3/27/2010. 7 were sold in 2007. 12 traded hands in 2008, and 6 changed ownership in 2009. So far this year, only 1 has sold. The average price of all of these sales is $482,076. The highest priced unit went for $605,000 in 2007, while the least expensive home went for $350,000 in November of last year.

Word has it the Miramonte Gardens Home Owners Association set regulations on the number of units allowed to be used as income properties, or rentals. Back in the beginning of Miramonte Gardens it was a retirement complex. I’ve heard that the age requirement back then was 55 and older in order to be an owner. Today there are young families, college students, professionals, and retired people.

Other Moraga Townhouse and Condo properties include the Ascot Court and Ascot Highlands, The Casitas, The Cedars, Lomas Moraga, Moraga Country Club, Moraga Manor, Moraga Ridge, Moraga Terrace, Paseo Moraga, Rancho Moraga, Rheem Gardens, Rheem Terrace, Woodminster, and more.

Posted via email from The Lamorinda Real Estate Posterous

Lamorinda Real Estate (Lafayette, Moraga, Orinda) Sales - January

The Lamorinda real estate market was down in January, with 21 closed single family home sales for the month, 15 units less than in December.

The median sales price for Lamorinda was up, however, coming in at $960,000 in January as compared to $844,500 in December.

The median price per sq. ft. dropped to $421 for January, down slightly from $424 in December.

The average days on market for closed sales dropped to 65 in January, down from 88 in December.

On average, homes sold for 93% of asking price in January.

The higher price ranges remained steady in January, with 5 closed sales (approx 20%) over $1.25 million dollars, the same as December. The difference in volume was in the under $1 million range, with 25 homes selling December, and only 11 in January.

 Lafayette and Orinda saw the most activity in January.

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Orinda Real Estate - Market Sales Trends

The Orinda real estate market has definitely felt the effects of the economy. The most common question I hear at the holiday parties is, “How’s our market?”

Well, the average selling price for 2009 year to date is 23% lower than it was in 2006. Most of that drop came in the ’08-’09 period with a 14% drop.

The total volume measured in $$ from ’06 -’09 is 35% lower while the number units sold is only 16% lower.

Marketing time has more than tripled from 2006-2009, while the median sales price has dropped about 23%.

Interestingly, the number of homes sold year over year is up 7% from last year, while marketing time is up 39%, with the 14% drop in average price.

With mortgage rates remaining historically low, all of this together leads to the conclusion that it is a great time to buy! See the Business Week article by Marc Roth, “If You Don’t Buy A House Now, You’re Stupid or Broke”.

LAMORINDA REAL ESTATE MARKETING TIME - DAYS ON MARKET

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.

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LAMORINDA AVERAGE SALES PRICE STATISTICS YEAR OVER YEAR

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.

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ORINDA - MORAGA - LAFAYETTE REAL ESTATE SALES VOLUME

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%.

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Lamorinda Sales YTD '08 vs. '07

Lamorinda real estate sales numbers year-to-date ’08 compared to ytd ’07 is an interesting comparison.

In summary, average sales price is down about 5%. This is the same as the first quarter results year over year.

There is a pretty significant increase in marketing time, on average about 85% longer to sell a property this year over last year.

Sales volume is down by about 30%, from 440 in ’07 to 309 in ’08.

(Click on the images to enlarge them).

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Lamorinda 1st Quarter Sales Numbers

Lamorinda real estate sales numbers for the first quarter of 2008 compared to the numbers for 2007 show the differences in the market very clearly. In summary, average sales price is down about 5%, there is about a 40% increase in marketing time, and sales volume is down about 31%. Given these numbers, I'm still seeing the good properties that are priced correctly receiving multiple offers and closing over asking, usually pending within about 10 - 14 days or sooner. If you are thinking about buying or selling in Lamorinda, preparation is key! Click the images to open them in a bigger window.

Lafayette – Lafayette Real Estate – MLS Search

Here it is, the quickest, easiest to bookmark or permalink, to the MLS, covering Lafayette, and the entire Contra Costa County and Alameda County areas. Lafayette Real Estate. Once you are at the MLS Search page, you can also create an up to the minute report with your personal search criteria by clicking the Market Snapshot button on the left of the page. Try it out.