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Orinda, CA Real Estate News

By Elisa Uribe Realtor #01427070, Opening the Doors to California Homes -East Bay
(Golden Gate Sotheby's International)
Monthly Market Activity for Single Family Homes in Orinda The Median Sale Price for homes in Orinda during April was $1,700,000 with the highest number of units sold in the 1,000,000 - 1,490,000 price range. The bay area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510.919.5741 for a more personal conversation. I would love the opportunity to earn your business.  
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
Rent Payments Can Really Add Up!No matter how much you pay in rent, you might be surprised what it adds up to over the years. Investing your money is a wiser financial choice. With the current home prices and mortgage rates, this is an excellent time to look into buying your own home in Orinda , California.Common Concerns of Renters and Homeowners - Advantages and ConsiderationsBUYINGProperty builds equityResponsible for maintenanceTax deductible mortgage interest*Responsible for property taxesFree to change decor and landscapingResponsible for hazard insuranceNot dependent on landlord to maintain propertyRENTINGLandlord is responsiblefor maintenanceNo equity gainsLandlord is responsible forproperty taxesRent payments are not tax deductiblePossibility of evictionNo control over rent inc...
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By Valerie Crowell, Broker Associate
(Keller Williams)
Pending home sales in California saw the first double-digit annual increase in three years in February and also the largest gains since the housing crisis. According to a report from the California Association of Realtors, pending home sales increased by 15.6 percent year over year in February, the most significant annual increase since April of 2009. The Bay Area also saw double-digit percentage increases which suggests that the pace of sales will pick up across the state in the coming months. This may finally give buyers a more level playing field. The Orinda median sale price increased 22% year over year, from $1,120,000 to $1,290,000. Additionally, there was a significant year over year increase in the number of sold properties of 33%, from 18 to 25 properties. Another notable spik...
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By Mike Young, FHA 203k Consultant 828-469-7462
(203kOnLine.com, covering the USA)
The "little yellow house" in Orinda CA - a 203k renovation project Hello Friends (from James), I am pleased to announce that we will be hosting an educational, nonprofit, fundraising event in the large auditorium of the Orinda Movie Theater on March 19th, 2015. The event will begin with an introduction by Bryan Kilgore, who is representing Habitat for Humanity, starting at 7 PM. We will showcase the historical discoveries found in Orinda's "Old Yellow House," built in 1890. We have determined that this structure which now, houses self sustaining features from the past was originally part of the bankrupt California Nevada Railroad. In the newest renovation of the Old Yellow House, we have created a marriage of the old and the new, resulting in an awareness of the value that our history p...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The market has been pretty quiet among many Bay Area cities over the last few months of 2015, including Orinda. Home sales declined in all nine Bay Area counties in the first month of 2015 which was the the result of limited affordability, according to a report released by the California Association of Realtors. Additionally the sales drop-off in the Bay Area was attributed to intense demand and inventory shortages, which have driven up prices. The report also stated that the Bay Area was the only region in the state where the average home seller could expect to take in about 100 percent of original asking price. This is obviously great for sellers but buyers are in a state of limbo. With that, homes haven’t been moving as quickly as they were in 2014. In Orinda, the median sale price ...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The number of Bay Area homes on the market tightened as 2014 ended and continue to in the first month of 2015. According to the California Association of Realtors December home sales and price report, the months’ supply of inventory for single-family homes across the Bay Area dropped to 1.7 in December, down from 2.3 in November. With that, the Bay Area real estate market remains heavily tilted in favor of sellers, as it did one year ago. Along with inventory levels, home prices also dipped across the Bay Area. Even with the month-over-month slips, Bay Area counties remain the state’s most expensive with CAR stating that homes are selling for an average of 0.6 percent above asking price. Orinda’s real estate market in January fared a good deal of ups and downs. The median sale price in...
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By Valerie Crowell, Broker Associate
(Keller Williams)
Happy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in Orinda was steady but like all of the Bay Area, it was nothing to write home about. Employment statistics released earlier in the week by the U.S. Bureau of Labor Statistics (BLS) fall right in line with analysts’ recent predictions that the housing market will make a comeback in 2015. Reports from economists at CoreLogic and Wells Fargo released in December indicated they believe housing will rebound in 2015 after a disappointing 2014, and they cited improvements in the U.S. labor market as a main reason why. The national unemployment rate in November was 5.5 percent, more than a full percentage point lower than the rate reported for November 2013 (6.6 percent). A total of 200 metro areas had an ...
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By Valerie Crowell, Broker Associate
(Keller Williams)
2014 has been a great year for the Orinda real estate market. And with recent 2015 projections coming out for the U.S. real estate market, 2015 will likely be even better. Freddie Mac’s economic outlook for 2015 calls for 3 percent growth in the U.S. economy, which means good news for Bay Area housing. Home value appreciation is expected to drop slightly which is a positive for buyers and sellers. Home values have appreciated so much throughout the last year so many homeowners are all in all in a good place. This also means buyers will be more active. As far as interest rates are concerned Freddie Mac projects mortgage rates to average 4.6 % and increase up to 5 % by the end of the year. So, if you’re looking to buy, now is the time, as rates have dropped below 4% in the recent weeks. ...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Orindav CA and 100% VA Loans -the best loan program in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel. Here are some of the great features of this fantastic program: - Up to 100% financing, with no down required. - No monthly mortgage insurance added to your payment. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs. So how do you qualify for a VA Mortgage Loan in Orinda CA? The first step is to verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. You can work with an approved Orinda CA VA mortgage loan lender to order your COE quickly,...
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By Bob Wegener, Lamorinda Specialist 925-212-2431
(Hacienda Real Estate ("Lamorinda" Lafayette, Moraga, Orinda))
58 Saint Stephens Drive, Orinda, CA Get Directions Click Here   Description Photos Maps & Local Schools   $ Click for current price 5 BEDROOMS 3 BATHROOMS (3 full) 3,126 Square Feet   COMING SOON Don't miss this opportunity! Coming soon to the Orinda market is this wonderful family home with an A++ comute location. This 5 bedroom and 3 bathroom, 3,126 square foot home sits on a .68 acre, mostly flat lot. Fresh carpets and paint, newly refinished gleaming hardwood floors, granite countertops, private backyard with pool and beautiful decks, level lawn, and aseperate downstairs living space with kitchen could be used as in-law or aupair.     Orinda Homes For Sale Search All Homes For Sale Homes Close to Where You Work Avoid Foreclosure What is Your Home Worth? Bob Wegener Hacienda Real Es...
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By Valerie Crowell, Broker Associate
(Keller Williams)
With only two more months left of 2014, most are wondering how 2015 projections are looking for sellers and buyers. A recent forecast by the California Association of Realtors gives much hope to homebuyers for the coming year, with a prediction of a growing supply of inventory, leveling home prices and less competition with investors. There is also a prediction that mortgage interest rates will remain at historically low levels throughout 2015. This is an incredible outlook for the coming year. And with that being said, 2014 has been a very solid year in the real estate market. The median sale price in Orinda has been on a steady incline since the beginning of 2014. And the year over year increase was roughly 25%, from 1,082,000 in October 2013 to 1,350,000 this October. In addition to...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The U.S. real estate market is nearly stabilized with several of our local markets recovering faster than the nation, Orinda being one of them. The median sale price is up 34% year over year, from $971,500 in September 2013 to $1,300,000 in September 2014. As far as the number of properties sold, there was a slight year over year increase of 6%, from 16 to 17. And we also saw a decrease in the number of new properties that came on the market, from 45 in 2013 to 35 this September. And with the market being favorable for sellers this isn’t necessarily in line with other cities in the area. Sellers are seeing major increases in their home values which in most areas is increasing the number of properties coming on the market. It will be interesting to see how this will shift over the next ...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The Orinda real estate market differs from so many other Bay Area cities. And this can be seen through another month in Orinda. Summer is typically quite slow for the real estate market and picks up in Fall once vacations have slowed down and school has started. Well, summer wasn’t so slow in Orinda. The median sale price was up by 15% year over year, from $1,126,000 to $1,300,000. Additionally, the number of properties sold is up 29% from last year. This increase is quite the opposite of most Bay Area cities. This may have to do with the new developments that are currently being built in Orinda. And another increase was in the amount of properties for sale, which spiked slightly, by 4%. The Bay Area is still experiencing unstabilized supply and demand which wasn’t all too reflective i...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Orinda CA and 100% financing on VA Loans - the best loan program and loan payment in the country! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the great features of this fantastic program: - 100% financing, no down payment required. - Monthly mortgage insurance is not tacked on to your payment. - Easier credit qualifying compared to other types of mortgage loans. - VA Mortgage Rates are low compared to other types of home loans. Here's how to qualify for a VA Mortgage Loan in Orinda CA: You must first verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. A Orinda CA VA loan lender can order your CO...
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By Pete Sabine, San Francisco Bay Area Real Estate
(Compass)
I  have posted the monthly MLS Statistics for both attached and detached homes in Orinda, California.   Easy to read charts and graphs to provide you with accurate up-to-the-minute information for the local Central Contra Costa County real estate market.   To learn how to interpret this information or further discuss, please feel free to contact me directly or post a comment to the blog. Contact me at (925) 297-5335 (PST) or send an email to Pete@ContraCostaLiving.com. Visit Pete's web site www.ContraCostaHomeSearch.com
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By Valerie Crowell, Broker Associate
(Keller Williams)
  The Orinda real estate market has been on an upward trend on most fronts, though June slowed down a bit, which is the case for many other Bay Area cities. The median sale price is down 8% year over year, from $1,400,000 in June 2013 to $1,286,065 in June 2014. And unlike continued monthly increases in Orinda’s median sale price, June dipped about 7%. Nothing to fret about but up until now, we have only seen increases in the median price since the beginning of the year. Another decrease in June were the number of properties sold. Again, nothing major but a decrease of 3%. When comparing June 2013 to June 2014 almost all areas took a slight dip. Summer is always a busy time for Orinda real estate so possibly things will be on the upward trend by the end of July.   Martinez Community Ev...
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By Valerie Crowell, Broker Associate
(Keller Williams)
Orinda has one of the highest median sale prices in the Bay Area. Year over year, the median sale price has increased 33% from 1,020,000 in May 2013 to $1,355,000 in May 2014. In 2014 so far, January has seen the highest median sale price, which was $1,400,000. There was a significant dip in February but since then we have seen a steady increase. As far as the number of properties sold in Orinda, there has been a slight decrease, roughly 12%, from 33 to 29. In 2013 there was a steady dip, beginning the year off with 5 homes sold. Since then, there has been a steady increase with a difference of 480% from January to May. Things are deinifetly on the rise. The number of inventory in Orinda has also been on a steady incline since the beginning of the year, from 20 in January to 55 in May,...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
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 rang...
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By Pete Sabine, San Francisco Bay Area Real Estate
(Compass)
I  have posted the monthly MLS Statistics for Orinda, California real estate for both attached and detached homes.  Easy to read charts and graphs to provide you with accurate up-to-the-minute information for the local Central Contra Costa County real estate market.  To learn how to interpret this information or further discuss, please feel free to contact me directly or post a comment to the blog. Contact me at (925) 297-5335 (PST) or send an email to Pete@ContraCostaLiving.com. Visit Pete's web site www.ContraCostaHomeSearch.com    
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By Valerie Crowell, Broker Associate
(Keller Williams)
Orinda started off 2014 with a median sale price of $1,400,000, a very strong start to the new year. With that spike came a drop in February with a median sale price of $900,000, a 35% decrease. Since February that number has seen a steady increase, topping April off with a median price of $1,250,000. Comparatively, the number of sold properties in January was around 5, so that tells you that we were still in the bidding war phase of the Orinda market. That has since changed, not entirely but it is shifting. Currently the average the number of properties sold in April 2014 was 23 so a big difference from January. And compared to last April, the number of sold properties was around 25 so roughly the same. As far as new listings on the market, we are seeing a month to month increase, wit...
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Orinda, CA Real Estate Professionals