Lamorinda Real Estate Market Update: Fall 2017

LAMORINDA MARKET UPDATE FALL 2017 Prepared By: Erin & Darrick Martin

MARTIN HOMES TEAM CHANGING HOUSES TO HOMES

www.MartinHomesTeam.com

LAMORINDA MARKET UPDATE FALL 2017 Below is a summary of Multiple Listing Service (“MLS”) data for Lamorinda residential detached home sales over the last twelve months from October 2016 to September 2017 (the prior-year comparison is from October 2015 to September 2016).

Our real estate market remains strong as the Summer market delivered record figures for most of Lamorinda. The Lamorinda average sales price is now $1.56M, up 6%, and the average sales price per square foot is $610, up 4%. The biggest gains came from homes between 2,500–3,500 square feet where the price per square foot is up 11%.

Families are feeling more confident about their financial situation and are moving up into larger homes. In addition, transaction volumes are up 14%, primarily driven by Moraga where transactions are up 37%. In Lafayette, the average sales price and price per square foot were both up 6% to $1.61M and $634. In Moraga, the average price is up 6% to $1.37M and the average sales price per square foot is down slightly by 1% to $561. In Orinda, the average sales price is up 7% to $1.62M and the average sales price per square foot is up 4% to $610. This is great news for all of us that live in Lamorinda.

The following pages provide further details and breaks down the numbers by home size.

www.MartinHomesTeam.com

Lamorinda

Lamorinda, CA Detached Residential Transactions Oct '16 - Sept '17 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions 52 Sales Price Average $1,004,973 High $1,295,000 Low $725,000 Sales Price Per SQFT Average $790 High $1,022 Low $547

SQFT

SQFT

> 3,500 SQFT

Total

314

194

122

682

$1,245,439 $2,205,000 $725,000

$1,701,140 $2,700,000 $850,000

$2,395,258 $6,500,000 $1,199,000

$1,562,418 $6,500,000 $725,000

$616 $1,056 $340

$583 $862 $318

$559 $1,071 $292

$610 $1,071 $292

Change From Prior 12-Months (Oct '16 - Sept '17 vs. Oct '15 - Sept '16) 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions Sales Price Average High Low Sales Price Per SQFT Average High Low

SQFT

SQFT

> 3,500 SQFT

Total

13.0%

6.8%

23.6%

23.2%

14.4%

10.0% 2.4% 51.0%

2.3% -0.7% 2.1%

10.2% 3.3% 13.3%

-1.4% 39.8% 1.2%

5.5% 39.8% 51.0%

9.9% -12.8% 21.6%

1.6% 14.2% 1.9%

10.7% 8.2% 10.7%

-1.8% 6.0% -2.3%

3.7% -8.6% 1.5%

Oct '15 - Sept '16 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions 46 Sales Price Average $913,400 High $1,265,000 Low $480,000 Sales Price Per SQFT Average $719 High $1,172 Low $450

SQFT

SQFT

> 3,500 SQFT

Total

294

157

99

596

$1,217,424 $2,220,000 $710,000

$1,543,300 $2,615,000 $750,000

$2,430,005 $4,650,000 $1,185,000

$1,481,221 $4,650,000 $480,000

$606 $924 $334

$527 $797 $287

$569 $1,011 $299

$588 $1,172 $287

Source: MLS

Prepared By: Erin & Darrick Martin 1 of 4

Lafayette

Lafayette, CA Detached Residential Transactions Oct '16 - Sept '17 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions 32 Sales Price Average $1,011,328 High $1,295,000 Low $740,000 Sales Price Per SQFT Average $817 High $1,022 Low $547

SQFT

SQFT

> 3,500 SQFT

Total

126

77

57

292

$1,232,842 $1,905,000 $772,650

$1,778,540 $2,700,000 $850,000

$2,536,941 $6,500,000 $1,375,000

$1,607,034 $6,500,000 $740,000

$631 $1,056 $340

$603 $862 $318

$577 $1,071 $295

$634 $1,071 $295

Change From Prior 12-Months (Oct '16 - Sept '17 vs. Oct '15 - Sept '16) 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions Sales Price Average High Low Sales Price Per SQFT Average High Low

SQFT

SQFT

> 3,500 SQFT

Total

18.5%

2.4%

30.5%

-3.4%

9.0%

10.6% 2.4% 16.5%

2.0% -13.4% 8.8%

16.0% 3.3% -8.1%

3.7% 66.7% 3.8%

5.5% 66.7% 16.5%

14.3% -12.8% 21.6%

2.5% 14.2% 1.9%

16.0% 8.2% 10.7%

0.1% 6.0% -11.8%

6.3% -8.6% 2.5%

Oct '15 - Sept '16 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions 27 Sales Price Average $914,532 High $1,265,000 Low $635,000 Sales Price Per SQFT Average $715 High $1,172 Low $450

SQFT

SQFT

> 3,500 SQFT

Total

123

59

59

268

$1,208,348 $2,200,000 $710,000

$1,533,003 $2,615,000 $925,000

$2,445,897 $3,900,000 $1,325,000

$1,522,665 $3,900,000 $635,000

$616 $924 $334

$520 $797 $287

$577 $1,011 $334

$596 $1,172 $287

Source: MLS

Prepared By: Erin & Darrick Martin 2 of 4

Moraga

Moraga, CA Detached Residential Transactions Oct '16 - Sept '17 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions 4 Sales Price Average $1,030,000 High $1,125,000 Low $950,000 Sales Price Per SQFT Average $732 High $789 Low $703

SQFT

SQFT

> 3,500 SQFT

Total

83

44

13

144

$1,203,943 $1,680,000 $725,000

$1,566,867 $2,650,000 $1,100,000

$1,816,462 $2,750,000 $1,199,000

$1,365,302 $2,750,000 $725,000

$584 $774 $380

$539 $768 $333

$436 $554 $292

$561 $789 $292

Change From Prior 12-Months (Oct '16 - Sept '17 vs. Oct '15 - Sept '16) 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions Sales Price Average High Low Sales Price Per SQFT Average High Low

SQFT

SQFT

> 3,500 SQFT

Total

-33.3%

23.9%

69.2%

116.7%

37.1%

20.6% 7.1% 38.7%

0.6% 4.0% -6.5%

4.3% 34.2% 4.8%

-3.8% 18.2% 1.2%

5.7% 18.2% 5.8%

5.0% -25.4% 47.7%

0.6% 3.6% -7.3%

1.3% 16.0% -10.4%

4.9% 1.8% -2.3%

-0.8% -25.4% -2.3%

Oct '15 - Sept '16 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions 6 Sales Price Average $854,000 High $1,050,000 Low $685,000 Sales Price Per SQFT Average $697 High $1,057 Low $476

SQFT

SQFT

> 3,500 SQFT

Total

67

26

6

105

$1,196,428 $1,615,000 $775,000

$1,502,750 $1,975,000 $1,050,000

$1,887,500 $2,326,000 $1,185,000

$1,292,202 $2,326,000 $685,000

$580 $747 $410

$532 $662 $371

$416 $544 $299

$566 $1,057 $299

Source: MLS

Prepared By: Erin & Darrick Martin 3 of 4

Orinda

Orinda, CA Detached Residential Transactions Oct '16 - Sept '17 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions 16 Sales Price Average $986,006 High $1,210,000 Low $725,000 Sales Price Per SQFT Average $749 High $882 Low $592

SQFT

SQFT

> 3,500 SQFT

Total

105

73

52

246

$1,293,356 $2,205,000 $750,000

$1,700,431 $2,368,700 $1,025,000

$2,384,650 $3,900,000 $1,250,000

$1,624,844 $3,900,000 $725,000

$623 $900 $413

$588 $824 $396

$569 $824 $343

$610 $900 $343

Change From Prior 12-Months (Oct '16 - Sept '17 vs. Oct '15 - Sept '16) 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions Sales Price Average High Low Sales Price Per SQFT Average High Low

SQFT

SQFT

> 3,500 SQFT

Total

23.1%

1.0%

1.4%

52.9%

10.3%

5.1% -1.6% 51.0%

4.2% -0.7% -2.0%

8.6% -8.5% 36.7%

-4.5% -16.1% 4.2%

6.9% -16.1% 51.0%

1.7% -10.2% -0.7%

1.8% -1.3% 8.9%

10.9% 4.4% 36.6%

-2.3% -16.1% 7.1%

3.6% -8.4% 18.2%

Oct '15 - Sept '16 1,501 - 2,500 2,501 - 3,500 Home Size

< 1,501 SQFT

# of Transactions 13 Sales Price Average $938,463 High $1,230,000 Low $480,000 Sales Price Per SQFT Average $736 High $982 Low $596

SQFT

SQFT

> 3,500 SQFT

Total

104

72

34

223

$1,241,685 $2,220,000 $765,000

$1,566,380 $2,590,000 $750,000

$2,498,166 $4,650,000 $1,200,000

$1,520,414 $4,650,000 $480,000

$613 $911 $379

$530 $789 $290

$583 $982 $320

$589 $982 $290

Source: MLS

Prepared By: Erin & Darrick Martin 4 of 4

93 Moraga Way, Suite 103 Orinda, CA 94563

Erin Martin

Darrick Martin

925.951.3817 Erin@MartinHomesTeam.com MartinHomesTeam.com CalBRE#01922810

925.900.8218 Darrick@MartinHomesTeam.com MartinHomesTeam.com CalBRE#02006564

93 Moraga Way, Suite 103 Orinda, CA 94563

www.MartinHomesTeam.com