Tuesdays are Broker’s Tour day for Lafayette, Orinda, and Moraga, so I have just returned from viewing some homes on tour. Not many — things are slowing down for the holidays. One home in Lafayette took my breath away. It’s in Reliez Valley on a 2.14 acre lot with a vineyard and SPECTACULAR views. The home is 6400 square feet with a fantastic floorplan: all bedrooms are en-suite and the master is spaced away from the secondary bedrooms. The home has wonderful light and so many fabulous windows — all bringing your attention to the amazing views. This listing belongs to a wonderful agent in my office; please visit her website here to see the floorplan, the movie, and more photos: www.3358Johnson.com.
Inventory has been low in LaMorinda all year. Lafayette and Orinda opened the year with 12 and 11 active lisitngs respectively, hit highs of 54 and 44 in July, and today have 23 and 30 (and Moraga with only 7).
I have a couple of sets of buyers for Lafayette and Orinda, across different price ranges, but one of them fell for a cute house in the Glorietta neighborhood last week. Priced at $899,000 with only 1600 sq feet and in original condition, but in a fantastic location and on a large (.4 acre) lot, this house was clearly going to get a lot of attention. My clients did not write an offer once I explained to them what I expected in terms of the competition — but the reality exceeded my expectations: the lisitng agent told me he distributed 70 disclosure packages and received 27 offers. 16 of those offers were “all cash.” We will have to stay tuned to see the final sales price, but I am guessing north of $1.2.
I am working with several sellers that are planning to list their homes in the new year, but most are reluctant to sell now. If it’s a hardship to have your home on the market over the holidays (and for many of us it would be, that’s family time), then it’s a great idea to wait. But otherwise — the competition is slim and the buyers are serious!