The Least Expensive Homes For Sale In Lamorinda

Home prices continue to rise, although not quite as quickly as earlier this year.

The S&P/Case Shiller composite index released today showed home prices nationally rose 1 percent in May on a seasonally adjusted basis. That was lower than the monthly 1.7 percent rise in April.

From year to year, prices nationally jumped 12.2 percent from May 2012, the largest annual hike since March 2006.

All 20 metropolitan areas in the composite index showed increases, led by the San Francisco Bay Area with a 24 percent yearly increase.

With all that in mind, we thought we'd search this week for some of the least expensive homes on the market in our communities.

In Lafayette, this three-bedroom, two-bathroom home at 1551 Huston Road is listed at $560,000. The 1,436-square-foot house was built in 1954 and sits on a quarter of an acre. It's described as a "bank approval short sale."

In Moraga, this three-bedroom, two-bathroom house at 728 Moraga Road is listed at $699,000. The 1,493-square-foot residence was built in 1960 and sits on more than a half-acre. It's described as a "light and bright rancher."

In Orinda, this three-bedroom, two-bathroom home at 5 Hall Drive is listed at $659,000. The 1,760-square-foot house was built in 1956 and sits on more than a half-acre. It's described as a place where "opportunity knocks."

Do you know of other relatively inexpensive homes for sale in your neighborhood? Let us know in the comments section.

This information was provided by Rachael Hand, Broker Associate, Coldwell Banker, 925-372-8080 or rachael.hand@cbnorcal.com. Properties featured in this article may be offered by a variety of local real estate firms.