Belmont, CA Real Estate News

Haskins Estates Community The Haskins Estates neighborhood is a development of small ranchers. Homes stand on flat lots and offer a tract-like feel, with the addition of attractive canyon views. Click the link below to view Properties for Sale in Belmont: http://www.sfpeninsulacondos.com/listings/areas/31218/propertytype/SINGLE,CONDO/   When trying to understand Haskins Estates neighborhood home values the first and most often real estate statistic looked at is either average or median home sales price. The average price can be pushed up by a particularly expensive home being sold. We promise to Value and respect your time, being as efficient and effective as possible. Understand your needs and respond quickly.   Published by; The Kevin Dalonzo Team REALTOR Century 21 Realty Alliance s...
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Belmont- Homeview/Sterling Downs Homes in the neighborhood lie on both sides of Ralston Avenue. They are entry-level two and three bedroom homes on 4,000 – 5,000 sq ft lots, with a few high-rise apartment buildings sprinkled in here and there. Homes in the neighborhood are located in very close to the Belmont Caltrain station as well as Highway 101. Click the link below to view Belmont Listings: http://www.sfpeninsulacondos.com/listings/areas/31218/propertytype/SINGLE,CONDO/   North of Ralston in Sterling Downs is also comprised of 50′s ranchers. Homes in this neighborhood are modest three bedroom and one bath units having only around 1,000 square feet. The architecture is simple and reminiscent of homes in Palo Alto’s Sterling Gardens and Redwood City’s Woodside Plaza. The neighborhoo...
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By Kevin Dalonzo
Are you interested in buying in Belmont? Carlmont is one of the most diverse neighborhoods in Belmont. Because its housing is so diverse, Carlmont real estate prices are all over the map, beginning with smaller homes near downtown and ranging all the way up to the 2,000-plus square-foot bay view mini-estates at the top of the hill, which can fetch as much as $1.5- $2 million in today’s market. these homes, click the link below: http://www.sfpeninsulacondos.com/listings/areas/31218/propertytype/SINGLE,CONDO/ Our team promises to Respect you, your needs and communicate with you and your family. Published by; The Kevin Dalonzo Team REALTOR Century 21 Realty Alliance sfpeninsulacondos.com - Website kevin.dalonzo@century21.com - Email BRE # 01914790 CONTACT FORMFacebook  |  Twitter  |  Link...
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By Kevin Dalonzo
Belmont Woods Community   Belmont Woods attracts homebuyers looking for space, modern homes and San Francisco Bay Views. One of its neighborhoods is Hallmark, located high in the hills at its western edge. Hallmark boasts large, traditionally styled properties built between the 1960s and the 1980s with upwards of 2,500 square feet of living space, sitting on lots measuring a quarter-acre or more, often with breathtaking views of San Francisco Bay. Hallmark homes are at the top of the Belmont market, lately selling for $1.3 million and up. Click link below to view home:   http://www.sfpeninsulacondos.com/listings/areas/31218/propertytype/SINGLE,CONDO/   At the other end of the property spectrum is Belmont Woods’ large collection of apartment buildings, located at the district’s northeast...
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By Kevin Dalonzo
Properties hidden in Belmont Country Club’s northwest corner abut San Mateo, perched on hillsides along narrow roads that snake in and out of both cities. Click the link below to view Belmont Country Club Homes for Sale:   http://www.sfpeninsulacondos.com/listings/areas/31218/propertytype/SINGLE,CONDO/    Here you’ll find large, multi-level houses that offer great value along with isolation and, increasingly as roads like Monte Cresta and Sequoia climb back uphill, views. These homes are not always cheap – witness a recent $1.75 million listing on San Juan Boulevard in Belmont Canyon – but they are spacious, offering good price per square foot value. Occasionally, they’re new construction, custom homes loaded with of-the-moment amenities and perks.   Whether it be to buy investment pro...
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By Kevin Dalonzo
Belcrest Gardens consists of a small community of 133 homes bordered by Ralston Avenue at Ralston Middle School, Hallmark Drive, and Water Dog Lake/Lake Road Trail.   To view Homes for Sale in Belmont, go to the link below:     http://www.sfpeninsulacondos.com/listings/areas/31218/propertytype/SINGLE,CONDO/     Of six homes sold in Belcrest Gardens in 2012, sold prices ranged from $834,500 to $977,500  with one exception:   A large updated home with park-like landscaped grounds overlooking  Water Dog Lake Park on Tahoe Dr sold  for $1,650,000.   Home buyers look to this neighborhood for their first home, and retirees for  sizing-down, as home range from about 1390 square feet upwards, and many are single-story.  Home owners who prize this location, have expanded smaller 3 bedroom 2 bat...
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Whether it be to buy investment property, a vacation home, additional residence(s), or upgrade your current situation; inventory is at its highest! Go to the link below to view Condos for Sale:   http://www.sfpeninsulacondos.com/listings/propertytype/CONDO/areas/31218/     Sincerely, Tony Ocampo with The Kevin Dalonzo Team Over 15 Years Real Estate Experience Century 21 Realty Alliance DRE 01069703  
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By Lottie Kendall, Helping make your real estate dreams a reality
(Compass)
Prices of single-family homes in Belmont California, like most towns on the San Francisco Peninsula and Silicon Valley, rose significantly in 2013. A particular challenge to buyers was the lack of homes for sale, and the still competition from other buyers. The local economy is very robust, which shows in the number of well-qualified buyers, actively looking to purchase a home. So, how did the list prices compare to the sales prices for a home in Belmont, California, in 2013? This list shows the average for each month of 2013. When the average sales price is 7%, 8%, 10%, 11% over asking, you know just how competitive the market is. What does 2014 hold in store for home prices in Belmont, CA? There is no way to know, but as of January 22 there are only 6 single-family homes offered for s...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Belmont California and 100% San Mateo County VA Loans - the best loan program in California! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the highlights of this incredible program: - Zero Down Payment, 100% financing. - No monthly mortgage insurance added to your payment. - Compared to other types of mortgage loans, easier credit-qualifying requirements. - Low fixed mortgage rates result in a low monthly payment.   How do you know if you qualify for a VA Mortgage Loan in Belmont California? First of all, you must verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. A Belmont California VA loan len...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Should a Seller Disclose if They Believe Their House is Haunted? Interestingly, this actually appeared in a case Stambovsky v Ackley which was brought before the New York Supreme Court in 1990 and later overturned by the Supreme Court Appellate division in 1991. Facts of the case were that the seller had promoted their home to the community and in national magazines as being haunted, yet failed to make that questionable fact known to the buyer. Upon learning of this ominous condition, the buyer asked for rescission of the contact and their deposit returned. The Supreme Court disagreed, yet was reversed by the appellate court a year later. While the various factions tried to wrangle with the idea of whether or not a seller is liable to disclose something which cannot be proven exists, th...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
The price of homes in the Bay Area rose 25% or more in the last year. So how does one cope with the rising tide of home values? For that, we offer you a new way of looking at the circumstances. When gas prices shot up close to $5.00 per gallon a few years back, a friend of mine was waxing on about how much more it now cost him to put gas in his car. He was puzzled when I told him I wasn’t spending any more at the pump than before. “Why not?” he exclaimed. I told him it was simple, when I arrive at the gas station I pump $50.00 of gas into my car, whatever the price of gas—so it never costs me more than $50.00 at any visit to the gas station. While at first this may appear to be lacking in the critical thinking department, the only real dilemma is that of course with less gas in your tan...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Where did all of the listing go? Where's the inventory? That's a common question today as eager home buyers are wondering if they'll ever get a house. As we said in an earlier post, it's not that there aren't enough homes coming on the market, it's that they all sell, and so it appears there are no homes to buy. We’re getting enough questions about the hot housing market that we thought it warranted an attempt to explain what the reasons are for what Mr. Shiller (of Case-Shiller) would likely refer to as “Irrational Exuberance” after a book he authored by the same name. Before we show you the numbers, which in some cases are absolutely mind boggling, we’ll proffer our explanation. Our economy and the housing sector are recovering from the longest and most devastating housing downturn si...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Looking at the home sales in Belmont during the first quarter, one can see from this spreadsheet that every seller who listed their home received over their asking price. They were only a few exceptions. One was a home that was a short sale which we took out of the mix since those list prices are arbitrary, one was an off-market sale. Wee discounted any home that had been listed since last year to reflect the more robust 2013 season. [click on the image for larger print] The percent that sellers are receiving over their asking price is mind boggling. It all has to do with the short supply of homes and the large numbers of buyers trying to take advantage of the historically low interest rates. Of course that could change. Interest rates could rise making homes more expensive, or with ris...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Once again Belmont home sales were strong. Now that we are comparing a bull year in 2013  to 2012, another bull year, the increases seem a bit watered down since in both years thus far home sales have been strong. SALES At 22 home sales in Belmont this March, we tied last year’s impressive increase of 29% over 2011 with 22 sales once again. DAYS ON MARKET The time it took to sell a home in Belmont went from 38 days last March to only 29 this year—just one more affirmation of the incredibly hot market. PERCENT RECEIVED Sellers enjoyed another boost in the percent of their asking price they received. In March of 2011 sellers received 99.5% of asking which jumped to 101.6% in 2012 before being eclipsed by this year’s impressive 108.3%. Sellers that are worried about what they pay their age...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Belmont Homes Sales for 2012 – Profile of a Home Sold By now everyone has heard that the Peninsula housing market picked up last year but as is often the case, the devil is in the details. What really went on? Most people, including real estate agents, are under the misimpression that there were no homes to sell last year—that inventory was in short supply. Well part of the is true. The inventory was down but the number of new listings hitting the market were actually up over 2011. There were 282 new listings in 2012 as compared to 261 in 2011. That’s about one month’s worth of new listings—not much to talk about. But that 8% increase is important because of the increase in sales. Home sales for the two years are a different story. In 2011 there were 186 single family home sales as comp...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Thank you to all of our clients in 2012 who helped make this past year one of our best on record! Getting the numbers out for December is always the hardest of the year. With the New Year upon us, the beginning of January is filled with reflection into the past year’s activity. We analyze where our business came from and make adjustments into our marketing for the upcoming year. We also decide which new technologies to implement and how better to serve our clients needs. Of course looking at the previous year, it’s always interesting to see how the market has changed and we invariably stumble across an interesting statistics here and there which are not only representative of what transpired, but indicative of what may be to come. We hope you enjoy our analysis. December of 2012 saw mor...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Belmont’s November housing market for 2012 shaped up like this: SALES Belmont home sales were down year-over-year in November of 2012 ending a nine month run of increased sales over last year. Through November, while there have been 17 more new listings than last year there has also been 49 more sales, the reason why the inventory is so low. Why were there fewer sales this November over last? A good part has to do with fewer new listings in the last three months. Remember, sold homes become a statistic only after they have closed escrow which is typically 30 days after the actual sale. So since there have been 24 fewer new listings (going back to September), it stands to reason there would also be fewer sales since there are fewer homes for buyers to choose from. Just in the last three ...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Today, November 27th 2012 Case-Shiller released its home price index results through September of 2012 and for the past eight straight months it has slowly but steadily increased. Are we bouncing along the bottom or is the housing recovery in full swing? Of course it depends which housing market you are talking about but here on the Bay Area Peninsula we are definitely on the upward track.   Note that the market hit its low point in March of 2009. Much of the uptick since then was a normal part of any business cycle, but it appears that the government stimulus—the $8,000 tax credit for first time homebuyers may have helped buoy the market until more sustainable growth could take hold. One can see that in each year, absent government intervention, the housing market index dropped between...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Belmont home sales for single family residences in May of 2012 reflect our intuitive observations about our local market. You might still hearing disheartening stories of the depressed housing market and certainly many areas of the country are still feeling the pain associated with the downturn. However like, the weather, real estate is very local and what goes on in one part of the country can have no bearing on another. SALES Belmont’s housing market is robust this year after a five year downturn. Inventory remains tight. Compare last year’s inventory in May of 2011 at 48 to May of 2012 when Belmont’s jousting inventory was only 42. Doesn’t seem like a big difference does it? But if you look at the 26 homes sold in Belmont this year and compare that to the 15 homes sales last year, yo...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
What was the profile of the average home that sold in Belmont last year?     The average home which sold had three bedrooms, two baths was 1,925 square feet in size and was located on a 6,430 square foot lot It sold for $879,450 in 44 days BELMONT STATISTICS for 2011   There were 186 single family home sales in 2011 The average time a home was on the market before the seller received an offer was 44 days 32% of Belmont homes sold over the asking price in just 19 days 11% sold at the seller’s asking price in 29 days 57% sold under the asking price and took 60 days to do so 103% was the percent of the asking price the sellers received who sold their homes in 19 days 96% was the percent of asking the sellers whose homes were overpriced received in 60 days It becomes abundantly clear that ...
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