Lafayette, CA Real Estate News

By Doug Buenz, Doug Buenz | 680 Doug Buenz Group
(COMPASS)
Exquisitely designed Lafayette home with views of Mt. Diablo. 4 Bedrooms, 3 full Bathrooms, 2 half Bathrooms, 4460 sq ft home on almost 3 acres with infinity pool, outdoor loggia with fireplace and outdoor kitchen. Represented buyers of this property. SOLD! 810 Mountain View Drive, Lafayette, CA 94549 Overview Maps Photos Market Stats IDX Search $3,700,000 Single Family Home Main Features 4 Bedrooms 3 Full Bathrooms 1 Half Bathroom Interior: 4,460 sqft Lot: 122,404 sqft Year Built: 2003 Location 810 Mountain View Drive Lafayette, CA 94549 USA Doug BuenzVenture | Sotheby's International Realty (925) 621-0680 doug@680homes.com http://www.680homes.com          Listed by: Doug Buenz Our recent listings   Subscribe to our listing feed See more Lafayette, CA real estate for sale SOLD LISTINGS...
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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 in a home may be 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 Lafayette ,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 contr...
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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 Lafayette real estate market had a so-so month in March. The median sale price increased year over year by 20%, from $1,165,000 in March 2014 to $1,400,000 in March 2015. The number of properties under contract saw a significant year o...
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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 Lafayette. 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 Concord, the median sale ...
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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. As far as January in Lafayette, the median sale price was down year over year by 22%, from $1,350,0...
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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 Lafayette 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 ha...
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By Valerie Crowell, Broker Associate
(Keller Williams)
2014 has been a great year for the Lafayette 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 week...
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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 Lafayette real estate market has remained very strong throughout the last year, with positive increases across the board. The median sale price has increased year over year by 14%, from $1,035,000 to $1,180,...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The U.S. real estate market is normalizing and Lafayette is among many Bay Area communities recovering faster than the nation. In September of this year the median sale price topped out at $1,221,250 which is a 14% year over year increase. The number of properties sold is down nearly 30% year over year which likely has to do with the increased sale prices and the fact that we’re in a sellers market, more so than we were at this time last year. Home prices were lower last year. And due to the increases in median sale prices, the number of new properties that came on the market this September is up year over year by 31%. People realize that now is the time to sell. And to tie into this…the number of expired properties is up 80% year over year. Sellers want to sell but many buyers are wai...
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By Valerie Crowell, Broker Associate
(Keller Williams)
  This summer has been more quiet for the Bay Area real estate market than in recent years, which is likely due to intense demand and constrained inventory. This, coupled with increased prices has some homebuyers sitting out the action as they wait for the supply-and-demand ratio to stabilize. In Lafayette, the median sold price is up by 3% year over year, from $1,180,000 to $1,218,750. year over year, not by much but home prices are still going up. There was also a slight month by month increase. And as I thought, the number of properties for sale is down 16%, from 94 in August 2013 to 79 in August 2014. In addition the number of days a home is lasting on the market has declined by 20%. Many homebuyers may be sitting this market out but those who are acting are acting fast. Stay tuned...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Lafayette 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 active duty and honorably discharged Veterans. 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. - Compared to other types of mortgage loans, easier credit-qualifying requirements. - Low fixed mortgage rates result in a low monthly payment. Here's how to qualify for a VA Mortgage Loan in Lafayette CA: You must first verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. You can work with an approved Lafayette CA VA mortgage loan lender to order your COE quickly, or you ...
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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 Lafayette, 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)
Lafayette real estate is faring well, which is very typical for this affluent Bay Area city. The median sale price is up slightly year over year, from $1,153,025 in June 2013 to $1,190,625 to June 2014. And month by month since January, the number of sold properties has increased quite a bit. This consistent increase took a turn in June decreasing from by nearly 20% year over year from 46 to 37. Year over year, the number of properties under contract by month has increased by 10%. In contrast, from May to June, that number decreased by roughly 22%. Another interesting number regarding Lafayette’s real estate market are the average days a property is remaining on the market. With inventory levels low,homes have been flying off of the market and this rings true for the month of June. Yea...
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By Valerie Crowell, Broker Associate
(Keller Williams)
The median sale price in Lafayette has remained pretty consistent over the past year. There haven’t been any major spikes or dips. Year over year, the median sale price is up just 4%, from $1,165,000 in May 2013 to $1,207,500 in May 2014. In contrast, the number of properties sold in Lafayette has really fluctuated throughout the last year. Year over year, the number of sold homes in Lafayette has increased 20%, from 30 in May 2013 to 36 this May. And month to month, the number of new listings coming on the market is soaring. In just one months time, from May to June, listings have increased by nearly 30%. That’s a good sign for Lafayette real estate. We’ll see how June turns out… Community Event Celebrate the lazy days of summer with music, family and fun with ROCK THE PLAZA on Friday...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
The Lafayette May 2014 home sales report for homes that closed escrow reflects the exclusive nature of East Bay luxury property sales – few homes on the market and prices are currently holding steady.  Thirty eight homes closed escrow in May, with an average sale price of $1,375,472 and a mean time on market of just 12 days.  There are currently 44 homes in escrow with an average listing price of $1,337,510 and 10 days on the market. There are currently 40 homes for sale, up from 36 last month.   June 1st Lafayette Market Snapshot: Homes active on the market: 40 (click to view > Lafayette homes for sale) Distressed properties for sale:  Short Sale – 0  Foreclosures – 1 Price range of active listings:  $769,000 to $7,750,000 Number of homes now in escrow:  44   Lafayette May 2014 Home Sa...
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By Pete Sabine, San Francisco Bay Area Real Estate
(Compass)
I  have posted the monthly MLS Statistics for Lafayette, California real estate.  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)
Year over year Lafayette has seen consistent gains in the real estate market. The median sale price in April 2013 was $1,055,262 and $1,275,000 in April 2014, an increase of 21%. And in 2014 so far the median sale price has fluctuated month to month but remained very healthy. As far as the number of units sold in Lafayette, over the past year there has been a decrease of 10%. In contrast, in 2014 so far the number of sold units increased from 12 in January to 27 in April, a 125% increase. Increased prices along with increased units is a great sign of the market. Year over year the number of new listings on the market has decreased by 33%, from 64 to 33 but in 2014 so far the amount of new listings has increased by 95% so the market is turning around in 2014. Lafayette Community Event -...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Lafayette California 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: - Zero Down Payment, 100% financing. - No monthly mortgage insurance. - 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 Lafayette California: First of all, you must verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. You can work with an approved Lafayette California VA mortgage...
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By Valerie Crowell, Broker Associate
(Keller Williams)
Lafayette has seen many ups and downs throughout the last year but like many Bay Area cities, things are really starting to balance out. The market is really strengthening. The median sale price year over year has gone down slightly from 1,250,000 to just under 1,200,000. The median sale price this month was $1.186,500, down slightly from February but still a very healthy number. The number of sold properties increased from 10 in February to 24 in March, a 140% increase. In addition the number of new properties on the market spiked drastically from 25 in February to 40 in March, nearly 50%. And interestingly enough, the amount of days a property spent on the market went from 21 to 14, a 33% decrease. Even with the fluctuations, Lafayette is a very healthy market. Let's see what the nex...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
The Lafayette March 2014 home sales report for homes that closed escrow reflects the exclusive nature of East Bay luxury property sales – few homes on the market and prices are currently holding steady.  The median home sale was $1,027,000.  No foreclosure or short sales took place in March. On average Orinda homes are selling quickly.  Homes that closed escrow in March averaged 17 days on the market before an offer was accepted, though 23 of the 26 that sold were on the market less than 30 days.  Twelve of the 32 homes now for sale have been on the market less than 30 days. April 1st Lafayette Market Snapshot: Homes active on the market: 32 (click to view > Lafayette homes for sale) Short sale homes for sale:  1 Foreclosed homes for sale:  0 Price range of active listings: $495,888 - $...
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