Overall Market Trends | Julie Whitmer

Overall Market Trends The residential real estate market in the Contra Costa County cities of Orinda, Moraga, Lafayette, Walnut Creek, Alamo, Diablo, Danville, and San Ramon remained strong in October 2023, but there were some signs of a cooling market. The number of homes sold in the region decreased by 5% in October compared to September, and by 10% compared to October 2022. 
Market Trends by City Here is a more detailed look at the residential real estate market trends for each city in the region in October 2023: Orinda
• Median sales price: $1.8 million
• Average days on market: 23 days
• Number of homes sold: -10% from September
• Number of homes sold: -5% from October 2022
 
Moraga
• Median sales price: $1.6 million
• Average days on market: 22 days
• Number of homes sold: -8% from September
• Number of homes sold: -3% from October 2022
 
Lafayette
• Median sales price: $1.4 million
• Average days on market: 21 days
• Number of homes sold: -7% from September
• Number of homes sold: -2% from October 2022
 
Walnut Creek
• Median sales price: $1.1 million
• Average days on market: 20 days
• Number of homes sold: -6% from September
• Number of homes sold: -1% from October 2022
 
Alamo
• Median sales price: $2.2 million
• Average days on market: 25 days
• Number of homes sold: -12% from September
• Number of homes sold: -8% from October 2022
 
Diablo
• Median sales price: $1.9 million
• Average days on market: 24 days
• Number of homes sold: -11% from September
• Number of homes sold: -6% from October 2022
 
Danville
• Median sales price: $1.7 million
• Average days on market: 23 days
• Number of homes sold: -10% from September
• Number of homes sold: -4% from October 2022
 
San Ramon
• Median sales price: $1.5 million
• Average days on market: 22 days
• Number of homes sold: -9% from September
• Number of homes sold: -3% from October 2022
 
Outlook for the Future The outlook for the residential real estate market in the Contra Costa County cities of Orinda, Moraga, Lafayette, Walnut Creek, Alamo, Diablo, Danville, and San Ramon in the coming months is mixed. On the one hand, the region has a strong economy and a limited supply of homes for sale. These factors are likely to continue to support home prices. On the other hand, rising interest rates and inflation are likely to dampen demand for homes. Additionally, the Federal Reserve is expected to continue raising interest rates in the coming months, which could further cool the market. Overall, it is likely that the residential real estate market in the region will remain relatively stable in the coming months, with home prices continuing to grow at a slower pace than in recent years.
 
Julie 

Featured Properties

1133 Westmoreland Circle
Walnut Creek, CA 94596
3 Bed | 2.5 Bath | 2,068 Sq Ft | $1,350,000 | Julie Whitmer

First time on the market! Beautifully maintained townhome in the highly desirable Rudgear area of Walnut Creek. As you step inside, you'll immediately notice the stunning hardwood floors. Two story living and dining rooms are open to each other to provide ample space for entertaining and feature large windows that flood the area with natural light. A separate family room is perfect for more intimate gatherings. The updated kitchen is a chef's dream, featuring a Viking gas range, built-in refrigerator, and ample counter space. Enjoy your morning coffee in the cozy breakfast nook or outside on the patio. Upstairs, you'll find three spacious bedrooms that offer a peaceful retreat at the end of the day. The updated bathrooms add a touch of luxury, with modern fixtures and finishes. Attached 2 car garage. One of the highlights of this home is the private backyard with a deck and hot tub, perfect for unwinding after a long day. Enjoy the privacy of an end unit, with space for outdoor dining and gardening. This well- maintained neighborhood offers walking trails for those who enjoy an active lifestyle. Rudgear Park, pickleball, tennis courts, and a neighborhood pool are just a short stroll away. Convenient to both downtown Alamo and Walnut Creek shopping and dining.

11191 Ghirard Road
Truckee, CA 96161
4 Bed | 4.5 Bath | 3,613 Sq Ft | $3,195,000 | Compass Listing

Just completed and ready for showings. Enjoy this winter in a brand new mountain modern home located on one of the more secluded lots in Gray's Crossing. Situated behind the 7th green on the award winning community golf course, the home's southwest exposure and expansive glass openings flood the home with natural light. As you walk into the home you are greeted by a vast welcoming foyer and an open concept living space that is highlighted by a stone round fireplace and clear cedar ceilings. Two primary bedrooms with ensuite baths, comfortably accommodate owners and their special guests. The two primary suites are located on opposite corners of the ground living floor providing views of the golf course and open space. Additional features include; custom chandeliers, 7.8 kw solar system increasing sustainability and lowering utility bills, infrastructure for an electrical vehicle charger, 2 AC condensers for warm summer days (and nights), a metal roof, and an outdoor gas fireplace on a paver stone patio to warm up to after enjoying all that Truckee has to offer. Multiple trail systems and outdoor amenities within quick reach. The town of Truckee recently built a recreation center with basketball courts, gym equipment, and pool conveniently located within a short five minute drive. Come find out why Gray’s Crossing is the ideal private mountain-town community.

13200 Arnold Drive
Glen Ellen, CA 95442
6 Bed | 7 Baths | 8,932 Sq Ft | $8,495,000 | Compass Listing

This exquisite property embraces every aspect of design, function, and relaxation. The olive tree lined driveway, and courtyard entrance welcome you. As you enter the grand double doors you are met with vaulted ceilings and are instantly in awe of the space. The living and dining rooms are warm and inviting, and the abundant natural light spilling in through the oversized glass doors and skylights gives the home a magical glow. Each of the bedrooms found on the main level are bright and spacious. The private tower housing the primary bedroom and bath is like a sanctuary. There is a large office space, a palatial bathroom with walk-in shower and soaking tub. When you are ready to explore the breathtaking property, you can take a dip in the infinity pool, or find a seat at the outdoor kitchen island. As you relax among the manicured landscaping, and take in the vineyard, oak grove, pond, and mountain views, you will feel as though you have found paradise in Sonoma Wine Country.

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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