2021 Q2 Lafayette Market Update

Lafayette 2021 Q2 Market Update MartinHomesTeam.com

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Lafayette 2021 Q2 Market Update MartinHomesTeam.com

• More Homeowners Would Sell But………. Many of our friends and clients have expressed interest in selling but answering the question, “Where would we go?” is difficult given limited local inventory to buy and accelerating prices in other markets makes moving out of California less and less attractive • We Don’t Anticipate the Current Trend Changing Anytime Soon – While price acceleration should level out back to traditional market returns, the combination of historic low mortgage rates, limited inventory, COVID induced demand for more space and expected strong economic growth over the next few years all point to a strong real estate market • Here is a summary of the rest of Lamorinda – While Lafayette continues to lead both Moraga and Orinda on price per sqft, Orinda’s average price per home has topped Lafayette as larger homes have recently sold in Orinda Lamorinda Averages (last six months) # of Home Sold Price List Price Price Per Sales ($M) ($M) SQFT SqFt Lamorinda 489 $2.14 $2.00 $775 2813 Lafayette

200

$2.18

$2.04

$810

2790

Moraga

97

$1.88

$1.74

$709

2526

Orinda

192

$2.23

$2.09

$772

2982

We look forward to the opportunity to assist with your real estate needs

200 $2.18 $2.04 $810 2790

414 $2.10 $2.01

SqFt

Price Per SQFT

List Price ($M)

Sold Price ($M)

# of Home Sales

SqFt

Price Per SQFT

List Price ($M)

Neighborhood Lafayette

Sold Price ($M)

• Prices Are Up 16% - Lafayette’s average price per sqft increased 16% over the comparable prior year period

# of Home Sales

Lafayette Averages By School & Neighborhood Last Twelve Months Last Six Months

• Lafayette Tops $800 Price Per SQFT – The average price per sqft of a single-family home within the Lafayette School District rose to $810 for the last six months

$777 2794

Burton Valley Elementary Burton Valley Laf. Valley Estates Saranap / Condit Trails

72 46 3 17 6

$2.13 $2.11 $1.56 $2.14 $2.56

$1.97 $846 2639 $1.92 $855 2528 $1.31 $1,079 1457 $2.00 $816 2706 $2.37 $745 3522

133 84 5 29 15

$1.96 $1.94 $1.40 $1.93 $2.32

$1.84 $806 2515 $1.81 $811 2460 $1.23 $996 1428 $1.83 $772 2539 $2.19 $779 3146

Happy Valley Elementary Happy Valley Happy Valley Glen Hidden Valley Upper Happy Valley

39 9 14 4 12

$2.72 $3.51 $2.44 $2.26 $2.62

$2.57 $849 3256 $3.22 $954 3834 $2.36 $834 2937 $2.15 $777 3191 $2.48 $812 3215

106 24 28 13 41

$2.53 $3.46 $2.23 $1.89 $2.39

$2.43 $804 3188 $3.29 $894 3978 $2.16 $828 2685 $1.82 $733 2692 $2.29 $758 3226

Lafayette Elementary Downtown Silver Springs Trails

40 19 3 18

$1.81 $1.57 $2.29 $1.98

$1.69 $816 2275 $1.45 $777 2079 $2.32 $780 3120 $1.85 $862 2342

68 39 6 23

$1.71 $1.59 $2.63 $1.91

$1.61 $797 2218 $1.52 $780 2155 $2.58 $826 3300 $1.77 $825 2337

Springhill Elementary Acalanes Baywood Reliez Valley Springhill

49 10 2 26 11

$2.14 $1.86 $2.11 $2.18 $2.29

$2.04 $720 3107 $1.70 $779 2530 $2.06 $575 3713 $2.11 $720 3126 $2.18 $692 3476

107 22 5 59 21

$2.06 $1.71 $2.26 $2.17 $2.09

$2.00 $698 3051 $1.61 $787 2317 $2.21 $621 3661 $2.11 $669 3273 $2.05 $706 3053

Erin Martin 925.951.3817 Erin@MartinHomesTeam.com CalDRE#01922810

Darrick Martin 925.900.8218 Darrick@MartinHomesTeam.com CalDRE#02006564 *****************ECRWSS***** Local Postal Customer

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