Community Corner

Lamorinda's Housing Market by Zip Code

See which town had the highest volume of sales in January.

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The median sale price of home in Contra Costa County last month was $311,000 compared to $235,000 in February 2012. The 32 percent year-over-year increase was the biggest of all nine Bay Area counties, according to figures released Thursday by DataQuick.

DataQuick President John Walsh said it was Economics 101: “If demand outstrips supply in a free market, the price goes up. The last time the number of homes sold exceeded the historical average for a given month was back in 2006. So a lot of demand has accumulated. Now, with a recovering economy, prices still closer to the bottom than to the top, with ultra-low mortgage interest rates and tight supply, the stage is set for price gains. This spring is going to be interesting.”

Zip Code Number of Sales February 2013 % Change over January 2012 Median Price January 2013 % Change over Median January 2012 High Price $/SqFt January 2013 % Change over January 2012 94549 (Lafayette) 21 75% $1,074,500 66.5% $2,675,000 $398 3.9% 94556 (Moraga) 5 -37.5% $625,000 -0.5% $1,150,000 $407 -1.7% 94563 (Orinda) 6 -25% $1,127,500 62.2% $1,780,000 $515 27.2% Source: DQNews

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