Lamorinda Real Estate Sales for Mid-May, 2012

Mid Month May 2012 real estate sales for Lamorinda

Lafayette had 14 sales of single-family homes the average days on market was 27.
Prices range from $679,900 to $3,690,000
The average list price was $1,324,207
The average sold price was $1,188,428. That's $399 a square foot or a -10.3% drop in price.
The median house listed for $1,187,000.
The median sold price was $1,064,740.
7 (50% of the homes in Lafayette) sold below their asking price.
5 sold at or above asking price.
2 homes (one listed at $1,795,000 and one at $3,690,000) did not report their sales price.

Moraga had 8 single-family homes that sold in the first half of May.
Average days on the market was 14.
Prices range from $765,000-$1,021,750.
The average list price was $1,021,750.
The average sold price was $1,011,312 or $391 per square foot less than a 1% drop in price.
The median list price was $ 937 ,000.
The median sold price was $ 931,000. That's .06% drop in price.
5 listings sold below their asking price and 3 homes sold at or above the asking price.

Orinda had 11 sales with an average days on the market of 12.
Prices range from $495,000 - $1,650,000.
The average list price was $1,065,000.
The average sold price was $1,074,717 or $497 per square foot, a 0.09% increase in price.
The median list price was $1,115,000.
The median sold price was $1,100,000 less than a .01% drop in price.
5 listings sold below their asking price 6 properties sold at or above the asking price.