Belmont Real Estate Blog

Comparable Sale Approach The Comparable sale approach is the most widely used in the industry. It is based on comparing homes which have recently sold in close proximity to the subject property. This approach tends to be the most reliable as it accounts for a buyer's perception of value. This app...

The Principle of Substitution This principle is used to verify the Comparable Sales Approach results and the Cost approach. The principle of Substitution is used after a tentative value for a subject property has been determined. If other properties with similar features could be purchased for le...

Cost Approach The Cost approach is used as a check-and-balance if you will. Once an estimate of values has been determined using the Comparable Sale approach, the cost approach can be independently used to verify the estimate. In other words if the Comparable Sale approach indicated a home should...

MorganHomes.com-Our Services We've launched our first Podcast describing our services and how to learn more about buying and selling real estate on the Peninsula. Our goal is to update this Podcast weekly (time permitting) and bring you fresh content about the Bay Area real estate market, and per...

We're testing out some fun fusion style charts for our blog page so we thought we'd throw this chart out to show the median price trends in various Peninsula cities as compared to San Mateo county as a whole. When a housing market adjustment happens, the old saying location, location, location (b...

This home, located atop one of Belmont's mountains, is the best deal of the week for several reasons. Price is obvisoulsy a major factor and this home could easily have been priced at $1,050,000 in our estimation. It has a great location, a warm micro-climate in the Belmont hills, and a fun floor...

Belmont--New Listings & Sales With 47 Active listings Belmont's inventory is holding steady. Last week saw five new listings-five more than last week. Another seven homes went pending and 11 closed escrow. Here's a quick summary: Pine Knoll is a secluded street atop a knoll in one of Belmont olde...

Citibank said today that they expect home values to go down 15% more. But where? This chart indicates what a broad brush was used in making that statement: San Mateo County posted some interesting numbers for June 2008. Looking at the entire county is valuable since it's a large market representa...

Catch phrases are being overused, don't you think? They're like a good song that gets played so much you're afraid to turn on the radio for fear of having to hear it played once more. It's Friday and call it "fried-day" if you've had as hectic of a week as I-and with only two more work days to go...

The following was inspired by Bill Maher's hilarious "New Rules" on his show Real Time on HBO. When everyone takes things too seriously, we can all use a little humor... New Real Estate Rules:       Agents:   Lock boxes. We all have a love-hate relationship with them. On one hand they make gettin...