The latest statistics for the Lamorinda real estate market clearly show that we have entered the heart of the Spring real estate market.
The following chart sheds a bit more light on the market and looks at the sales activity under the $1M price point:
The market segment from $1M to $2M showed signficant improvement in March, primarily at the under $1.5M range. With the unit sales improvement, we also saw a signficant growth in inventory:
Finally, the upper end market remained challenged in Lamorinda for the month of March. The following chart shows the sales activity in the $2M+ segment:
Stay tuned for a very encouraging update on sales activity for the first week or so of April!
