The market in Orinda and Moraga is still tight and prices had been holding unitl recently when sales seemed ot be slowing. The inference I take for your question is one of finding "value" or bargains in one of the best markets in Northern California. Since the profile of the buyer in these areas is more affluent the homeowners have been able to withstand the downswing but due to the length of the downturn they are now faced with the considerations that owners east of Walnut Creek had faced over the last 2 years. There are short sales and foreclosures which are pressuring prices but I might suggest one look at the homes before getting excited about is offered.
I would advise that your timing is almost ideal and that over the next 18 moths the prices will change opportunities will make themselves available.
There are opportunities out there and would be pleased to assist your search. Contact me for concrete details firstname.lastname@example.org... more
I'd be happy to help. Let me know what type of property you are looking for in Orinda. The REO properties are not always the best deals though. You should get alerts for the type of property you desire. There are bank-owned properties that have been sitting on the market for a long time. If they were even a decent buy, they would have been purchased. There are a lot of pre-qualified buyers hanging around right now, looking for a good buy. The desirable properties are going pending in less than a week. Contact me and I'll set you up on the alerts.
Hacienda Real Estate