Belmont Real Estate and the Bay Area Peninsula Real Estate Markets
RECENT BLOG POSTS
Happy New Year! We’re closing in on the year end home sales statistics, and for that matter the decade end as well. We’ll take a look at the past ten years as compared to 2009 to see how it all stacks up. For now, we’ll leave you with wishes for a prosperous, healthy and happy New Year!
It’s official. Belmont’s median home price dropped 9.4% last year from $920,000 in 2009 to $833,827 in 2009. (click on the graph to enlarge) There’s not much good news in the way of these numbers which would hint that the market is improving anytime soon with the exception of the “months of inven...
Well it's another one of those tricky months where the numbers tell an inaccurate story when it comes to the value of Belmont homes. (Click on the graphic fo a full size view) MEDIAN HOME PRICE Looking at the raw numbers, the median home value in Belmont dropped from $912,500 last November to $78...
Thanksgiving! What a great time to be appreciative of all that you have; your health, happiness, friends and family. Our Thanksgivings are typically not typical at all. The family descends upon our home with the enthusiasm eclipsed only by a FREE four star resort vacation, which is close to what ...
Belmont closed out the month of September with less than a stellar performance. There were 18 sales which is respectable--a couple more than last month--but still shy of even a normal market. Is this still a Buyer’s market? We think so. (Click on thechart to see an enlarged version). Lo...
It's easy to see the numbers for June are much better for sellers than they were in May. Almost all indicators are up signaling a stronger market for sellers in June as compared to last month. Looking at the same period over last year a similar pattern arises. Almost every indictor is in the sel...
What's happening in our local market is the number one question we receive so here's the good the bad and the ugly for May 2009 in Belmont. The Good The number of homes sold in creased in May to 15 from April's paltry 12. Still, compared to 2004 when 32 homes sold there's not a lot of activity. T...
The homes sale report for April shows a continuing slide in both sales and median price for the Peninsula cities, though we appear to have a lull in the action. Take the median price of single family homes in San Mateo County for example. In April of 2008 it stood at $925,000. This April that num...
The home sales are in for Belmont for the month of March 2009 and they exhibit all the indications of a continuing declining market. We wrote a short post on what the numbers mean when compared to the same period just a few years back. This is the same period just twoyears ago...
If you're wondering where the housing market is headed in Belmont you can get a good indication by these two snap shots taken for the month of March 2007 and 2009. We use 2007 as a benchmark since it was the last year where the impact of the housing crises had not yet been realized in our market....