Lamorinda hills at sunset
May 2023 Issue

The Lamorinda Report May 2023

Moraga detached home prices fell 27.6% year over year in May 2023, the largest move of the three communities.

Median prices, days on market, and full property-type detail for Lafayette, Moraga, and Orinda. Every figure is split by property type. No blended medians.

Total closings
74 -30.8% YoY
Moraga Detached median
-27.6% year over year
Median days on market
10 days +25.0% YoY
Sale to list
103.0% -8.6% YoY
Sourced from the local MLS
Split by property type
BrightWork in Lamorinda since 1977
At a Glance

May 2023 at a glance

Each city is broken out by property type. Reporting a single blended median would misstate this market, most of all in Moraga, where condominium and townhouse prices sit well below detached homes.

May 2023

Lafayette

Detached 29 closed
Median sale price
$2.3M -14.8% YoY
Median $/sq ft
$900
Median days on market
11
Sale to list
100.0%
Condo 2 closed
Median sale price
$1.72M +176.2% YoY
Median $/sq ft
$1014
Median days on market
24
Sale to list
98.3%
May 2023

Moraga

Detached 15 closed
Median sale price
$1.74M -27.6% YoY
Median $/sq ft
$858
Median days on market
9
Sale to list
103.9%
Condo 3 closed
Median sale price
$850K +3.0% YoY
Median $/sq ft
$610
Median days on market
4
Sale to list
105.7%
Townhouse 1 closed
Median sale price
$887K -3.1% YoY
Median $/sq ft
$701
Median days on market
7
Sale to list
104.5%
May 2023

Orinda

Detached 23 closed
Median sale price
$2.03M -15.3% YoY
Median $/sq ft
$833
Median days on market
11
Sale to list
106.7%
Condo 1 closed
Median sale price
$515K
Median $/sq ft
$765
Median days on market
7
Sale to list
104.0%

What This Means for Lamorinda

Moraga detached home prices fell 27.6% year over year in May 2023, the largest move of the three communities. The picture shifts for different kinds of buyers and sellers across Lamorinda this month. That's a real opportunity for anyone whose listing expired elsewhere and is ready to relaunch with a different strategy instead of just cutting the price, or sellers who'd rather fund pre-sale improvements than sell at a discount, through pre-sale construction financing. Worth a conversation if any of that sounds like where you are.

Transactions with a Story

The sales that beat expectation, and the ones that fought for it

The month's standouts across all three towns: the top sale, the homes that closed furthest over list, and the ones that took the longest road to closing. Every note below is computed from the closing data.

Top sale this month
$4.5M

3408 Echo Springs Rd

Lafayette | 14 days on market | 5,792 sq ft

Closed over list

$850K

651 Moraga Rd

Condo | Moraga | 4 days on market

651 Moraga Rd closed 22.3% over list in 4 days.

$2.03M

167 Hall Drive

Detached | Orinda | 7 days on market

167 Hall Drive closed 19.76% over list in 7 days.

$2.5M

711 Ironbark Court

Detached | Orinda | 16 days on market

711 Ironbark Court closed 16.33% over list in 16 days.

$1.63M

115 Warfield Dr

Detached | Moraga | 7 days on market

115 Warfield Dr closed 16.07% over list in 7 days.

$1.6M

28 Ardor Dr

Detached | Orinda | 11 days on market

28 Ardor Dr closed 15% over list in 11 days.

The long road to closing

$1.13M

3369 N Lucille Ln

Detached | Lafayette | 103 days on market

3369 N Lucille Ln spent 103 days on market before closing 12.93% below list.

$1.05M

65 Sleepy Hollow Ln

Detached | Orinda | 101 days on market

65 Sleepy Hollow Ln spent 101 days on market before closing 24.73% below list.

$2.2M

1108 Martino Rd

Detached | Lafayette | 96 days on market

1108 Martino Rd spent 96 days on market before closing 11.82% below list.

$2.5M

192 Draeger Drive

Detached | Moraga | 83 days on market

192 Draeger Drive spent 83 days on market before closing 1.92% below list.

MCC Spotlight

Moraga Country Club

Moraga Country Club sales are reported as detached and townhouse homes only. MCC has no condominium sales in our data, so its price split is narrower than Moraga citywide.

May 2023 closings by floor plan:

Wimbledon
$1.48M

122 La Quinta St

Detached

Sold
$1.48M
List
$1.5M
DOM
10
$/sq ft
$860
Plan 11
$1.7M

731 Augusta Drive

Detached

Sold
$1.7M
List
$1.6M
DOM
6
$/sq ft
$984
Transaction log

Closed sales in Lamorinda, May 2023

Every closed sale across Lafayette, Moraga, and Orinda for May 2023, reported by property type.

Address City Type Sale price Closed DOM Sq ft
Questions

About this month's data

What was the median home price in Moraga in May 2023?

In May 2023, Moraga's median sale price was detached homes at $1.74M, condominiums at $850K, townhouses at $887K. BrightWork reports each property type separately because a single blended median misrepresents the Moraga market, where condominium and townhouse prices sit far below detached homes.

What was the median detached home price in Lafayette in May 2023?

Lafayette's median detached sale price in May 2023 was $2.3M across 29 closings, with a median of 11 days on market.

When are Lamorinda home prices highest during the year?

Across 2021 through 2025, our detached-only seasonal index shows sale prices peaking in May and reaching their low in January.

Does Moraga Country Club include condominiums?

No. Moraga Country Club sales in our data are detached and townhouse homes only. It has no condominium sales, so its detached versus townhouse price gap is narrower than the citywide Moraga split.

Ben Olsen, REALTOR with BrightWork Realty Advocates
REALTOR, BrightWork Realty Advocates

Ben Olsen

REALTOR, BrightWork Realty Advocates
DRE 02014153 / 01409268 (Ben Olsen)

Ben Olsen represents buyers and sellers through BrightWork Realty Advocates, with a practical, data-driven focus on Lafayette, Moraga, and Orinda, the pricing patterns that actually move within each city, and the details that separate a well-timed decision from a rushed one.

This report is designed as a field guide for Lamorinda decisions: real closing data every month, split by city and property type, the sales that beat expectation and the ones that didn't, and a clearer way to read what's actually happening before you list or make an offer.

Full bio

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Data reflects closed transactions from the local MLS for May 2023, split by property type. Figures for the current calendar year are partial. This report is published by BrightWork Realty Advocates and is not an offer of representation.