Home Prices in Moraga, CA for October 2013
Real estate market data for Moraga, CA provided by Bob Wegener of Hacienda Real Estate.
Lafayette Home Prices
Low inventory and low interest rates continue to drive this Moraga real estate seller’s market, making it tough on buyers. Stiff competition in the way of multiple offers is the norm on good properties that are well priced. This is great news for Moraga home owners, but the competitive buyer’s market makes it tough on those trying to invest in Moraga. If you are considering buying, you can still find deals on a home in Moraga, but having a good real estate agent who understands the market is a must.
Buyers - Don’t wait on the sidelines for too long, many of our listings are selling within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. What this graph does not reflect are the properties that go into contract quickly with multiple offers. These tend to go above asking price. To make sure you do not overpay for your new home, you’ll want to have an agent that does a thorough market analysis on the home you are considering making an offer.
Sellers - It is your market! Don’t “wait until next spring” to put your house on the market. Why wait until there is a higher inventory? There are plenty of buyers waiting for your house to hit the market now. Interest rates and inventory are both very low. Will they be the same in seven months?
Moraga Real Estate Report Summary
The median list price in October for single family homes in Moraga is $376,040.00.
The number of active listings in Moraga (94549) increased by 1.9% from the previous month.
The median number of days active properties have been listed is 11. This is significantly shorter than the national average.
The number of sales in September dropped by 82.5% from the previous month.
Find Homes For Sale in Moraga, CA
Visit my website to search for homes in Moraga or to be notified when new Moraga Homes For Sale come on the market.
To find out what your home is worth in the current market email me or call 925-212-2431.