HomeFolio: Walnut Creek Lafayette Moraga Orinda Volume 15 Issue 4

Presented by The Rita Dhillon Team with

ORINDA COUNTRY CLUB HOME

PRICE UPON REQUEST

Romantic Orinda Country Club Jewel with Mediterranean Flair! Kubitschek designed and beautifully built, this home has dramatic public spaces, generous bedrooms. Rich hardwood floors thick walls, high ceilings, iron railings and graceful arches are the hallmarks of this home, perfectly perched on this oak studded lot. The large eat-in kitchen with generous stone counters and ample storage is the perfect place to enjoy the views of the surrounding hills. The adjoining terrace (1of 3) with fireplace is lovely for al fresco dining. Elegant and impressive with a dynamic floorplan featuring an outrageously beautiful primary suite with luxurious bath, impressively outfitted closet and office alcove sharing the main floor bedroom wing with another en-suite bedroom. This home is serene and private, yet close to town, BART, restaurants and shopping! Top Rated Orinda schools and wonderful commute location!

We look forward to nurturing relationships and forming purposeful partnerships to create meaningful experiences in the communities where we live, serve, and love. Follow our stride at sereno.com

We are honored to announce that Sereno 1% For Good Charitable Foundation has launched an Education Fund - committing $100,000 to local non-profit partners in the education sector.

Lafayette Year-End Market Update

• 2022 Q4 Results – After prices peaked in Q2 2022, the second half results closed off the Spring market highs. While rising mortgage rates and declining tech stock prices negatively impacted prices, the second half of the year is traditionally slower than the first half as homebuyers are eager to get into their new home before school enrollment. In addition, in market pullbacks there are traditionally fewer recently updated homes that sell compared to expansionary periods where sellers can best take advantage of market conditions. This trend further exacerbates results in contractionary markets.

• What Lies Ahead? – If recent history repeats itself, the length of the current market pullback should end in the first half of 2023. This is consistent with when most economists believe inflation will be fully under control. In addition, it should give us confidence in knowing that today’s market dynamics (e.g. low inventory, moderate homeowner leverage levels, financial market stability, etc.) are much stronger than the last market pull-back over a decade ago. According to the most recent Goldman Sachs Marco 2023 Outlook, “The US should narrowly avoid recession”, “…. this

cycle is different from prior high-inflation periods .... long-term inflation expectations remain well-anchored”, & “…. we now see the Fed raising rates to peak at 5 - 5.25%.” While no one can predict the future, we anticipate our real estate market will end on stronger footing in 2023 compared to where we stand today.

Neighborhood # of Home Sales Sold Price ($M) List Price ($M) Price Per SQFT SqFt

Lafayette 131 $2.26 $2.26 $872 2621

Burton Valley Elementary 43 $1.99 $2.01 $901 2212

Burton Valley 16 $2.25 $2.21 $985 2187

Laf. Valley Estates 7 $1.88 $1.94 $889 2087

Saranap / Condit 17 $1.76 $1.82 $837 2155 Trails 3 $2.16 $2.18 $843 2963

Happy Valley Elementary 30 $3.16 $3.14 $855 3658

Happy Valley 7 $5.48 $5.39 $1,058 5151

Happy Valley Glen 5 $2.17 $2.06 $793 3044

Hidden Valley 9 $1.88 $1.76 $774 2499

Upper Happy Valley 9 $3.18 $3.37 $814 3998

Lafayette Elementary 27 $1.88 $1.86 $934 2082 Downtown 15 $1.64 $1.64 $833 2061 Silver Springs 3 $2.73 $2.67 $978 2802 Trails 9 $2.01 $1.95 $1,089 1877

Springhill Elementary 31 $2.09 $2.12 $795 2655 Acalanes 1 $1.77 $1.90 $720 2453 Baywood 1 $3.01 $3.01 $889 3384 Reliez Valley 22 $2.05 $2.09 $793 2637 Springhill 7 $2.12 $2.10 $800 2636

Historical Bay Area Home Values

Over the last 35+ years in the Bay Area expansionary periods have averaged 8 years while contractionary periods have averaged 2 years. In recent contractionary makrets, corrections have been 1-2 years as capital markets are more efficient.

Erin Martin 925.951.3817 DRE 01922810

Darrick Martin 925.900.8218 DRE 02006564

Kaity De Souza 925.383.2353 DRE 02113390

Stunning 4,814+/- square foot custom multi-generational home built in 2007 with 5 bedrooms plus executive office and 4.5 baths, located on a sought after street in desirable Parkmead neighborhood features fabulous curb appeal with paver driveway and walkways, tranquil views, as well as nearby top rated schools and downtown Walnut Creek! High ceilings, hardwood floors, mahogany doors, open floorplan, gourmet eat-in kitchen with top of the line appliances opens to casual dining room and a large great room with fireplace and space for piano, separate bonus room or family room with fireplace, 1 bedroom suite with 2nd outdoor entry is perfect for guests or in-laws, sophisticated office with French doors and built-ins on main level, 5th bedroom or gym on the main level, huge primary bedroom suite with fireplace, luxurious bath and oversize walk-in closet, 2 additional bedroom suites, massive 3 car garage with premium flooring and potential space for a 4th car is a car lover’s dream, extensive storage space, owned solar system for electricity, numerous French patio doors throughout lead to approximately 1,300+/- square feet of terraces, and fully landscaped grounds with custom lighting, expansive patios, space for sport court or pool and so much more!

have the experience and knowledge you need to navigate the changing market.

Barb Brawner JD

GOLDEN GATE SOTHEBY’S INTERNATIONAL REALTY 925.212.7672

Barb@BarbBrawner.com BarbBrawnerHomes.com

Amy Rose Smith

Partner - Village Associates 925.212.3897 amy@amyrosesmith.com www.amyrosesmith.com DRE: #01855959

Helping Sellers & Buyers

What I Have to Offer:

· Experience & Network: In this market, expertise counts more than ever. My 20 years as a top producer provides for a seamless result.

· As a lifelong community member, I am entrenched in Lamorinda and share that in my real estate dealings.

· Support: My marketing background, organizational skills, fantastic tradespeople and hands on nature support my clients, start to finish. I love what I do!

“Ashley continuously went above and beyond in her representation of us when we bought a new home, and sold our first home. She made the entire process seamless, and executed everything expeditiously and with such precision. Ashley’s dedication and excellence for each step allowed us to feel confident that we would have the best outcome in both transactions. She exceeded our expectations at every turn, and her energy is incredible. We appreciate all that she did to make what can be a stressful time, very straightforward and organized.” - Seller & Buyer

Proper preparation is crucial for the best price! I can be of great assistance in helping you prepare your home for sale.

Ashley Battersby Broker/Partner

(925) 323-9955 DRE# 01407784 ashley@ashleybattersby.com www.ashleybattersby.com @ashleybattersbyhome