LAMORINDA MARKET UPDATE FALL 2017 Prepared By: Erin & Darrick Martin
MARTIN HOMES TEAM CHANGING HOUSES TO HOMES
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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.
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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