What is happening in Moraga Drive specifically?
The BIG news on the street is that the Moraga vineyards property is in escrow, and in a very short time (51 days) for such a special property!!! So soon we shall have a new vintner in the neighborhood. Currently there is one home that just came on the market which is the same for the first quarter of ’12, the escrow of the winery, home and office, vs. none last year at this time. Also there was one closed escrow this past quarter vs. none last year and no homes are available for lease or have been leased. The increase in both prices and sales activity bodes well for the street , which is so special as well as the area in general.