RE/MAX Accord's Market Report
Lafayette, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Lafayette, CA
Wed Oct 24 2018
This week the median list price for Lafayette, CA is $1,875,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 57.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Strong Seller's Market
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Real-Time Market Profile
| Median List Price | $1,875,000 | |
| Per Square Foot | $583 | |
| Days on Market | 96 | |
| Price Decreased | 54% | |
| Price Increased | 2% | |
| Relisted | 23% | |
| Inventory | 57 | |
| Median House Rent | ||
| Most Expensive | $9,975,000 | |
| Least Expensive | $840,000 | |
|
Market Action Index
Strong Seller's Market |
47 |
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,535,000 | 5,029 | 1 - 2.5 acres | 5 | 4 | 27 | 2 | 2 | 108 |
| $2,262,499 | 3,822 | 0.5 - 1 acre | 4 | 3 | 37 | 0 | 0 | 57 |
| $1,582,500 | 3,069 | 0.5 - 1 acre | 4 | 3 | 51 | 2 | 3 | 182 |
| $1,195,000 | 2,281 | 0.25 - 0.5 acre | 4 | 3 | 60 | 2 | 5 | 40 |