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California’s Million-Dollar Home Sales Increased 47% in 2005

                                   NUMBER OF HOMES

                  Source: DataQuick Information System

                Copyright© 2006, California Association of Realtors®

The number of million dollar home sales has significantly increased in the past 10+ years in California as you can see in the chart above.  Housing has been an incredible investment here over the years.


Copyright© California Association of Realtors®, 2005

Prices in our area are very high, but if you look at an international comparison,
we are far from the highest.

________________________


Local communities with average sales prices over 1 million:


These numbers represent sales reported to our Contra Costa Association of Realtors® multiple listing service. Some sales in the million $ range, were not reported for privacy purposes.
 

Average Closed Sales Prices 2003-2005
(Single Family Detached Homes)
Communities with average sales prices over $1M
 

Single Family Detached Homes
 

  2005 2004   2003

Alamo

$1,606,531

$1,395,691

$1,268,096

Blackhawk

$1,644,452

$1,448,464

$1,231,254

Danville $1,168,458 ------ -------

Diablo

$2,006,375

$2,113,654

$1,917,666

Lafayette

$1,232,618

$1,010,986

$932,046

Moraga

$1,189,749

$1,012,304

$860,377

Orinda

$1,258,745

$1,146,019

$1,010,598

Pleasanton $1,032,613 ------ ------

Orinda

$1,258,745

$1,146,019

$1,010,598

_______________________________________________________

 Million $ Plus Locations 

Million Dollar homes are now very prevalent in our area. The $$$ symbols below indicate communities that have numerous single-family homes valued in the $1,000,000+ price range.  The communities noted below are: Orinda, Lafayette, Moraga, Walnut Creek, Alamo, Danville, Diablo, Blackhawk, and Pleasanton. Also included would be Montclair, Piedmont, Oakland, Berkeley, and San Francisco.  There are also many million dollar valued homes on the SF Peninsula, and in Marin, Sonoma and Napa Counties. There may be other areas that I have not mentioned. All these communities, of course, have many homes valued
in lower price ranges too.

 

 Choosing a
Million $ Price Range Agent 

Criteria:

(1) Experience, Experience, Experience

If you are interested in finding a home in the million $ plus price range, your agent's level of experience and knowledge becomes especially important. The complexities of  homes usually increases as the prices get higher and higher.

Agents need to be knowledgeable of many areas of potential problems and alert Buyers to the importance of contacting experts to deal with the myriad of complexities with these types of properties.  Typical areas that might need investigation would be earth movement history, soils conditions, drainage, retaining walls,  foundations, electrical systems, heating systems, alarms, irrigation systems, pool-spa systems, roofs, lot line issues, private roads, etc. Choose your agent very carefully in this price range. First requirement: LOTS of experience in the real estate business and sales history in the million plus price range.

Need recommendations for an agent?

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                        MY OTHER LOCAL REAL ESTATE WEB SITES:

                     
                       [Lafayette]
 
                     [Moraga]

                     [Orinda]

                      [Walnut Creek

                       Judy Dickey, CRS

                          Licensed Real Estate Broker, REALTOR®, State of California
                      BUYER/SELLER COACH
                           "I Help Buyers and Sellers Find
                              Very Experienced Local Agents"

                     Serving the East Bay areas: Lafayette, Moraga, Orinda, Walnut Creek and
              communities in the greater Diablo Valley

                     Certified Residential Specialist
                     e-PRO Certified Internet Professiona
l

               925-376-9458
           
  Moraga, CA

                      Zip codes: 94556, 94563, 94549,
                      94595, 94596,94597,94598

                   E-mail: judy@judydickey.com

                        

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                   Last updated: 01/17/08

 

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