January 2011 Lafayette Sold Home Prices Jump

The Lafayette California median selling price for single family homes jumped to its highest level in more than a year. This rise came in an environment of declining sales and an ample although slightly smaller inventory than usual for this time of year. Home sellers appear cautious as the number of new home listings is less than half the number last year at this time. Price per square foot of sold homes is also weak at less than $400/sf and near the bottom for the year.