Home Prices In Lamorinda Expected To Rise This Year

Real estate website forecasts price increases for 2013 in all Bay Area zip codes

Home prices in Lamorinda will rise between 6 and 8 percent, according to a study done by an online real estate site.

The site, zillow.com, predicts home prices in 244 of the 245 zip codes in the Bay Area will rise in 2013. The only exception will be the 94515 area in Calistoga, according to a story in the San Francisco Chronicle.

The story says the biggest reason for the projected price increase is a lack of homes for sale on the market.

In Lamorinda, homes in the 94549 zip code are predicted to jump almost 8 percent in 2013. 

Here is the individual zip code data for Lamorinda.

Zip Code Dec. 2012 Median Dec. 2013 Projection % Increase % from peak 94549 $972,400 $1,048,045 7.8 -16.1% 94556 $903,700 $962,508 6.5 -17.9% 94563 $1,082,100 $1,166,129 7.8 -13.4%
Jose February 20, 2013 at 01:47 AM
I don't think 7.8 % counts as a double digit increase, although, I grant you there are 2 digits there.
Alex Gronke February 20, 2013 at 04:20 AM
Right you are Jose. That was my mistake in copying from a post in another town. thanks for the catch.
c5 February 20, 2013 at 02:10 PM
The article says '6 to 8' percent. Those are two digits...:) It is nice to see the real estate market humming along, but at the same time the more articles I read about how steamy it is the more worried I get that we may in fact be nearer the top than we think. By the time everyone realizes that the market is great, it is often getting late in the game. Rates are very low and the local economy is doing fine, but there are also other factors that could over time put a lid on things...including the massive state and federal tax increases that are just starting to filter through the economy, the ongoing fiscal mess in Washington (and IMO the upcoming one in California), global issues, etc...But I hope for the best, at least for another year or two.


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