Orinda Real Estate - Market Sales Trends

Real Estate Agent with Hacienda Real Estate ("Lamorinda" Lafayette, Moraga, Orinda) DRE#01456590

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 now 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”.


Originally posted at Lamorindarealestateblog.com

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* Based on information from the Contra Costa Association of REALTORs® MLS (for the monthly period from the first through the last day of the month). Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

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Bob Wegener: (925)212-2431 or email: Bob@BobWegener.com

Bob Wegener is available to help you with all of your real estate needs, including relocation to Orinda CA, Moraga CA, Lafayette CA, & surrounding areas.

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Bob Wegener CA DRE Lic. #01456590

Hacienda Real Estate  1100 Moraga Way, Suite 200, Moraga, CA 94556

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