Keep informed and up-to-date on the Lamorinda real estate market. Smart home buying in Lamorinda means knowing about Lamorinda home sales, Lamorinda new listings and Lamorinda home price reductions when they happen. As a California Licensed Real Estate Agent practicing in Lamorinda, Wayne Gregori and Jill Gregori are Broker/Owner of The GregoriGroup, a group of Realtors ® representing clients in buying and selling of Lamorinda Real Estate.
It's a sellers' market across the Bay Area, with buyers in April snapping up properties in all six counties.
Generally, a housing market favors sellers when more than 35 percent of homes are in contract, and a buyers' market is indicated when less than 25 percent are in contract. A market is considered balanced when 25 to 35 percent of the homes are in contract.
Here's a snapshot of the percentage Bay Area homes in contract at the end of April: