What is happening on Moraga Drive? As you know they are still working on the 405, so that impact will continue for a while. As a result, we are all dealing with the street closures, etc. from time to time.. It can make living in the area a challenge at times. Has it impacted real estate values directly, I personally think it is a combination of the overall economy (mostly), and the construction (somewhat). With the construction work still going on, and the heat up in the market, it is easier to see where they issues have been. As far as real estate comparisons between this past quarter and the same one last year, the amount of activity in the area, was as it was last year, somewhat minimal. For example, there are/were no current listings of homes for sale, no escrows either year, one closed escrow this year, and no homes available for lease nor any that were leased either year.
Please let me know how I can assist you with your real estate needs.
Happy New Year… here’s to a Healthy, Happy one!!!