The Orinda May 2014 home sales report reflects the steady market for East Bay luxury homes, with homes in the lower end of the local price range selling quickly and sales moving slower for homes in the upper end. Thirty homes closed escrow in May, with an average sale price of $1,471,568 and median sale time of 10 days. There are 45 homes now in escrow with a slightly higher average listing price of just over $1,500,000 and mean time on market of 19 days.
There are currently 50 homes on the market, up from 34 on May 1st. The average list price is just over $2,100,000 and the mean time on market is 35 days.
June 1st Orinda Market Snapshot:
- Homes active on the market: 50 (click to view > Orinda homes for sale)
- Distressed properties for sale: Short Sale – 0 Foreclosure – 0
- Price range of active listings: $699,000 - $6,300,000
- Homes now in escrow: 45
Orinda May 2014 Home Sales Report – Closed Escrows
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