Lafayette Q1 2022 Market Update

Lafayette 2022 Q1 Market Update MartinHomesTeam.com

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Lafayette 2022 Q1 Market Update MartinHomesTeam.com

• What Lies Ahead? – In looking at homes currently under contract (pending) that have yet to close, Q2 results so far appear to build off of Q1. The traffic at our current listings is unprecedented and so far rising mortgage rates and the war in Ukraine has had little impact on homebuyers. The lack of inventory, buyer liquidity, and the influx of families moving from the Silicon Valley have helped drive strong demand. While most agree this level of appreciation is not sustainable, so far there is little signs of the market slowing down.

Lafayette Pandemic Price Appreciation + 49.3%

$1,100

$1,022

$1,000 $900

$700 $600

$730

$840

$800

$685

Avg. Sales Price Per SQFT

+ 21.6%

2020

2021

2022Q1

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SqFt

Price Per SQFT

59 $3.05 $2.75 $1,022 2960

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

18 9 0 4 5

$2.50 $2.19 $1,040 2489 $2.91 $2.48 $1,034 2933 No sales $1.63 $1.67 $900 2016 $2.46 $2.10 $1,161 2069

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

13 3 1 3 6

$4.29 $6.59 $0.98 $2.55 $4.56

Lafayette Elementary Downtown Silver Springs Trails

13 $2.90 $2.68 $1,029 2784 9 $3.03 $2.78 $969 3010 0 No sales 4 $2.62 $2.45 $1,162 2276

Springhill Elementary Acalanes Baywood Reliez Valley Springhill

15 4 0 8 3

$3.91 $1,104 3706 $6.64 $1,350 5060 $1.05 $696 1400 $2.29 $810 3166 $3.83 $1,197 3683

$2.77 $2.47 $924 3030 $1.77 $1.41 $929 1936 No sales $3.45 $3.22 $932 3751 $2.29 $1.85 $897 2565

Erin Martin 925.951.3817 Erin@MartinHomesTeam.com CalDRE#01922810

Darrick Martin

$500 2019

Neighborhood Lafayette

List Price ($M)

• Our Market Roars Ahead – No matter how you look at the numbers, the price appreciation so far this year is staggering. The average, weighted average and median price per SQFT in Lafayette in Q1 was $1,022, $1,024 and $1,031, respectively. This represents a 22% increase over 2021 figures and a 49% increase since the start of the pandemic. In addition, the average selling price during Q1 was $3.1M. While larger homes on average sold in Q1, the results still amaze.

Sold Price ($M)

Avg. Price Per SQFT Tops $1,000; Avg. Selling Price Over $3M

# of Home Sales

Lafayette Averages By School & Neighborhood Last Three Months

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