A really good questions and there are so many answers. Here are some current statistics/facts on the Orinda market.
There are currently 24 properties listed in Orinda, 11 pending (in escrow) and 58 sales in the last six months (since August 1st). We are still waiting for the December statistics; however, as of November homes were taking between 60 - 90 days to sell.
Orinda is a high demand area with great schools so those are pluses for you. Attempting to be specific it would be helpful to know if you have equity in the property, what your timing and specific needs are. A Realtor would be glad to assist you with your question to do a complete analysis on your situation.
2006 REALTORÂ® of the Year
Windermere Real Estate
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Many people forget to consider that while home prices in Orinda have declined a small percentage, most areas in California and the U.S. in general have declined by an even greater percentage. So, depending on where you will be moving to, you could actually make a greater profit now than you would have made back before the recession began. Sure you will be getting less for your current home now, but you will also be spending less on your next home. Without more details on where you plan to move, I can't give you exact statistics, but I think I have given you an idea of your probable situation.
Let me know if you would like me to expand upon my responce. Good luck.
Better Homes & Gardens Real Estate Mason McDuffie
It seems that it all depends on how much the property is worth, we can check that out to see what is best for Orindares.
By the way, median price is +15% year to date Nov '06 to Nov '07. Price per square foot is +21%. Properly priced and properly marketed, you home should sell within 60 days. Good luck! The market is not as bad as the media says it is!
If you would like me to do a CMA to let you know what I think your home is worth, feel free to contact me.
Happy New Year!