What is happening in Moraga Place specifically?
As usual, the area is a little quieter than other parts of Brentwood or Bel Air. Basically the level of real estate activity for the first quarter of last year vs. this year is the same. Each quarter brought one closed escrow and that is the extent of it. As I am sure you know, the very special Moraga Vineyards came on the market at $29,500,000 and entered into 51 days, which is a record time for such a special property. The overall increased sales activities and prices are impacting the entire area and should be reflected when properties do come on the market in Moraga Place!
