Lafayette, CA Real Estate News

By Bernard Gibbons, The English Agent
(RE/MAX Accord)
Once in a while you come across a restaurant that really can claim to be unique, a dining establishment that has a welcoming, old world ambiance that looks like it has been there for a hundred years. Postino is such a place. It had been a while since Sylvia and I had dined at Postino and it used to be one of our favorite restaurants. Unfortunately, on more than one occasion, we were less than impressed by the meals we had and given the fact that this is not an inexpensive restaurant, we felt that our expectations were perfectly reasonable. What prompted us to return was the realization that Postino had a new executive chef in the form of Stewart Beatty who was promoted from Chef de Cuisine, a position he had held since 2006. Could it be that this change in kitchen management would retur...
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By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
I was recently contacted by a journalist desiring information on the state of the higher end segments of the East Bay Region. It was an informative and interesting exercise where I conducted research into the 2007-2010 performance of select areas. Lafayette, Moraga & Orinda details are analyzed below. It is encouraging to see some trends in the market comparison. While we are certainly off of the high values after 2005/2006 Orinda & Lafayette showed a gain in median sales prices from 2009. Also noted is a rise in number of sales as well as a reduction in the days on market in 2010.   Four Year Real Estate Performance Neighborhood Data in: Danville, Livermore & Walnut Creek Four Year Real Estate Performance Data for: Alamo, Blackhawk, Diablo & Ruby Hill Four Year Real Estate Performance ...
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
A Fabulous Monday Morning to all, No domestic economic news today. The markets are focused on corporate earnings which have been positive for the most part. The positive corporate earnings will put pressure on bonds… Be careful and lock on rally’s. Have a great day!
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
Morning Economic News: Import Price Index year over year beats expectations, Beige Book is due out later this morning ( hopefully with no surprises). We had a coupon rollover today but should have opened higher. Positive thoughts to stay above 98.60 today or we could see another correction. Have a great day!
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In Lafayette the Median price for sale Properties shows a decrease of 8% im compare to 2009. The Median Price for sold properties doesn't show any changes.      You can simply click here  if you would like to receive a complete set off Reports for your city that include: Median Sold Price; Number of Sold Properties by Month; Number of For Sale Properties by Month; Number of Under Contract Properties by Month; Number of New Properties Listed by Month; Supply and Demand by Month; Average Days on Market by Month; and Months Supply of Inventory.          
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
A Wonderful Weds Morning to all, Economic News: CPI ( Consumer Price Index which is measure if inflation) For the month at expectations but low, For the year slightly better than expected. NY ST Manufacturing Index beats expectations- almost double what was projected, Industrial Production is also up. Economic News will again put pressure on the market. Have a great day!
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
A Terrific Tuesday Morning to all, Economic news: Consume Confidence is due out later today> A compromise was reached ( still needs to be passed) with the extension of Bush Era Tax credits, and Un-Employment benefits give W-St a morning boost. Have a great day!
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
Terrific Thursday morning to all, Economic News: Continuing and initial jobless claims were both up, Pending Home sales way above expectations. The markets are in un-charted waters and are very volatile. Have a great day!
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
A Wonderful Weds Morning to all, Economic News this morning: Core CPI ( measurement of inflation) flat, Building permits under expectations, Housing Starts lowest in last 18months. Core CPI shows the smallest increase since 1957= concerns with deflation and why the FED started QE2 to help try and move the economy. Have a great day!
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Here are the latest market data in Lafayette, CA - as of November 7th, 2010 This search is based on the Contra Costa MLS, Detached Single Family Price range upto $1,100,000.  Click here to receive monthly Lafayette CA real estate market updates  1. Chart for Median Sold Price in Lafayette, California - Comparing October 2010 to October 2009 Lafayette shows for the third months in the row positive growth in the median sold price. July 2010 18% - August 16% and September 8%! It shows about 60% decreas. Do you know the reason for this scary news? Remember last year we had the tax incentive program? It was the start to get more buyers on the market. So comparing the October 2010 to October 2009 is not quiet fair?! 2. Chart for The Average Days on the Market. Comparing October 2009 to Octobe...
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
Wonderful Weds Morning to all, Economic News : ADP Employment ( private payroll) shows positive growth, Factory Orders beat expectations also. Eyes are on the outcome of the FED meeting this afternoon. Have a great day
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
Wonderful Weds Morning to all, Economic news: Durable goods orders up< new home sales up this morning. All eyes are on the Fed meeting next week. Market Emotion is uncertain= choppy erratic trading! Be very careful as we have left our old trading range home. Have a great day!
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
Wonderful Weds Morning to all, Light economic news this morning: The Beige book released at 11am ( Ca time) will give the markets more of a sense of direction. Be careful as W-St has started to recover ground lost yesterday Have a great day!
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Before we go to Lafayette, I have to tell you that I walked into a real estate office a few months ago and was talking to the "floor person" and when I asked if she had done any 203k loans she proceeded to tell me that it was an FHA loan and the home prices in her area were well above the loan limits for FHA buyers. She was under the impression that with median homes prices in the mid $200,000 range FHA doesn't go that high. This is important why? In Solano County where she was the loan limit is $557,500.. she was surprised.  Now lets go to Lafayette where the FHA loan limits is $729,750, yes indeed. Does that surprise you? I hope not. It has been this way for a couple years now and when it does surprise someone it astounds me. That means you can have a sale with FHA financing at $756,0...
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By Paul Walton, CMPS
(Cherry Creek Mortgage Co)
A Terrific Thursday Morning to all, Economic news: Jobless claims remain high both initial and continuing, PPI ( Producer Price Index) Which is a measurement of inflation remains tame, trade balance widens which will cause concern for the manufacturing sector. Have a Great day
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Renovation loans are here to stay in Walnut Creek CA I'm having so much fun with this I can't believe it. We are seeing 1960's prices and investment possibilities. I took a look at a home the other day in Walnut Creek and found a deal. I was hired to do a feasibility analysis and did that. In doing so I found out the listing price of this home in a nice neighborhood and what it would cost to fix it up to the HUD MPS (Minimum Property Standards) These are primarily health and safety issues and will the home or 2-4 unit building appear to last as long as the 30-year mortgage that is being placed on it. That doesn't mean the roof must be new but it should meet the other standard FHA Guidelines.  Then they ordered a second feasibility to determine the cost of a " fully upgraded home" to inc...
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  Here are the latest market data in Lafayette, CA - as of October 2nd, 2010 This search is based on the Contra Costa MLS, Detached Single Family Price range upto $1,300,000.  Click here to receive monthly Lafayette CA real estate market updates  1. Chart for Median Sold Price in Lafayette, California - Comparing September 2010 to September 2009 Lafayette shows for the third months in the row positive growth in the median sold price. July 2010 18% - August 16% and September 8%!  2. Chart for The Average Days on the Market. Comparing September 2009 to September 2010 it shows a decrease of 13%! From 54 days to 47 days.   3. It compares the Supply and Demand. It shows an increase of 23% of for sale properties and a decrease of 24% of sold properties. This is more a good news for our buyer!...
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By Vickie Nagy, Vickie Jean the Palm Springs Condo Queen
(Coldwell Banker Residential Real Estate)
The Lafayette Art & Wine Festival taking place in downtown Lafayette CA is one of the many Fun Things to Do in Lafayette CA. The Lafayette Art & Wine Festival is one of the five largest outdoor festivals in Contra Costa County. Admission is free. However, you must purchase a festival glass and drink tickets to drink the wine or beer being served. Saturday September 18th: 10:00am - 7:00pmSunday September 19th: 10:00am - 6:00pm To get there, take BART to Lafayette and hop on the continuous shuttle service between BART and the festival. If you drive it's in downtown Lafayette, Off Highway 24, west of the I-680/Highway 24 interchange. There's continuous musical entertainment on three stages. See the full run-down of the Entertainment Schedule for the Lafayette Art and Wine Festival here. It...
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   Lafayette CA Short Sales- The Long Term Effect Of Foreclosure  Two years ago I had a client who declined the terms of their short sale and let the property go into foreclosure.  They were advised by an attorney that this would be the better option.  They could declare bankruptcy and everything would be fine.  Yes, surprisingly, the same attorney did their bankruptcy for $2700. Well, the husband got into a car accident which totaled the car five months after the bankruptcy was discharged and had to pay over 12% interest for a car loan.  His payments are over $600 a month on a car that cost less than $15k.  Ouch.   Now comes the heartbreaker.  His oldest child applied to California State University at San Francisco.  Was accepted to the nursing program, but could not attend due to the ...
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  Lafayette, California Homes For Sale- Lafayette Real Estate Market Update For July 2010 The Lafayette, California Real Estate Market gained in July 2010. A total of 36 homes sold in July, seven more than in June 2010. The average sales price in Lafayette increased in July, to $1,246,311. Homes that were sold in Lafayette, California had an average listing (asking) price of $1,337,063 and the average selling price was $1,246,311. The number of days on market increased in June to 73 days. The Lafayette market has been showing signs of stabilizing and increasing over the last few months. The average selling price of homes in January 2010 was $1,082,777.   Single Family Residences July 2010 June 2010 July 2009 # Sold 36 29 24 Average $ $1,246,311 $1,094,890 $984,079 Days on Market 73 32 7...
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