Alright Lafayette readers! We have stepped into 2015, so perhaps we should reflect on 2014 a little bit. The real estate market in Lafayette has been fantastic for sellers in recent years, did 2014 continue the trend? Only one way to find out!
Since we have to, here is information about the data we used for this blog post. We are looking at data for January 1st, 2014 through December 31st, 2014. Single-family detached homes in Lafayette that were listed or closed within that timeframe will be used here. We are not including any information about townhouse properties, or condo units (but if you would like that information, just ask). Also, we won’t be pulling in data that includes expired or cancelled listings.
For this blog post, we will provide you with some basic numbers on how the Lafayette real estate market performed in 2014. Even just a simple look at the data can reveal a lot about how the market performed. For a more comprehensive and detailed summary, click the button below to request a market report for a specific Contra Costa zip code.
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Lafayette Real Estate 2014
- 311 Homes came on the market in Lafayette during 2014.
- 285 of those listings closed within that calendar year.
- Average List Price = $1,358,497.
- Average Sold Price = $1,339,386.
- The highest selling home sold for $4,000,000.
- Average Days On Market = 26. Wow! Strong demand means homes sold quickly!
- 120 of the homes listed went into contract in 10 days or less! Wow!
Many homes went into contract without needing a lot of market time in 2014. This means that the buyer demand in Lafayette is incredibly strong. Why is that demand so strong? Well inventory being on the lower side helps. However the fact that Lafayette is such a desirable community plays a huge role as well.
We hope this summary of the Lafayette real estate market in 2014 was helpful for you. Per our analytics, many of you Lafayette residents check out our blog! So we wanted to provide you all with some helpful information about home values in your area. This post is merely scratching the surface, and we can definitely dive into more specific details for you.
Our team offers complimentary home valuations for home owners in the local area. There is no obligation, we simply want to help you know where the value of your home stands. Zillow estimates and the like are great and all, but they can’t take into account many of the particular details and characteristics of your home. That’s where we come in!
If you click on the image below, you can fill in your name and email address. We will then reach out to you promptly to further discuss how we can help you. Our process is deliberate, and our valuation reports are completely custom to your home. Couldn’t hurt to know where your home stands in the current marketplace, right?!
The data used for this blog post was compiled from the MLS for January 1, 2014-December 31, 2014 for single-family, detached Active/Pending/Sold Properties, and is intended for personal use by the consumer. This information is not comprehensive; some sales information may not be included here. This information is deemed reliable, but not guaranteed. Sorry, we have to say all that! Have a great day!
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