Nobody has a perfect crystal ball in real estate, but because our team is and has been so entrenched with buyers and sellers in the local Lamorinda real estate market for the past almost 20 years, our crystal ball is better than most! It is the time of year when all our clients and friends want to know our predictions for the 2024 real estate market.  

Expect a good time to sell homes in Lamorinda between late winter and early spring. With improving interest rates, potential buyers can confidently plan for future refinancing. However, adjustable-rate mortgages still aren't ideal due to the inverted yield curve, and uncertainty surrounds when the Federal Reserve will conclude rate hikes and slowly begin to lower the benchmark rate.  

Many sellers have been waiting, and when they start listing their homes, they will be gobbled up. However, if too much inventory hits, the market will slow, as real estate is all about supply and demand. To get the best price, we recommend you aim to sell just before this increase in inventory. This means the early bird will once again get the worm.  

We are lining up our 2024 listings now. If you are at all thinking of selling, please don’t hesitate to give us a call! And, if you are a buyer, start buying now while prices are very flat and competition is lower. We are super excited to have two buyers in contract off-market in the coveted Happy Valley Glen neighborhood right now. Our matchmaker campaign is working, and Lauren, Allison, and I are loving being in the field with both buyers and sellers! 

Cheers to 2024 (it will be here before we know it). We enjoyed seeing so many of you at the Sip and Shop at my house, which benefited Make-A-Wish Greater Bay Area, and at this past Sunday’s It’s a Wonderful Life in Lafayette Holiday Celebration. We are so proud of this event we created with the Lafayette Chamber of Commerce and Branagh Development ten years ago. It is always a great reminder of how special this community is and how lucky we are to live here.