Belmont, CA Real Estate News

By Lottie Kendall, Helping make your real estate dreams a reality
(Compass)
Here are the April statistics for single-family homes in Belmont, CA 94002: 62 - Active single-family homes 14 - Homes sold 43 - Listings pending 43 - Average days on market $967,500 - Median sold price 98.26% - percent list price received Statistics gathered from MLSListings.com. For information about your specific neighborhood or for additional details, please contact me.
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Before the Super Bowl XLIV gets started we thought we’d take a look at what happened in Belmont in January 2010. We’re including two spreadsheets—one for this last January and to help put in perspective, the one from last January. Most statistics across the country point to January of 2009 as the low point for the real estate market. But what are they saying? The lowest point for sales, median price or what? Many pundits are saying that home values hit bottom in January of 2009 and in fact in many of the hardest hit areas like Phoenix that may well hold to be true. But for areas that initially fared better, indications are that the price erosion is continuing. January 2010 January 2009 (Clicking on either chart will deliver a larger picture.)  Looking at these two data samples, it’s eas...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
We thought we'd update this graph depicting the median price in several peninsula cities. Note that while in Q4 of 2007 the median price in Menlo Park was still rising, it had started to fall off dramatically in Daly City. Prices appear to have hit bottom--for now. The real estate landscape has changed so dramatically in the last few years that everything we knew about home values (and recoveries) needs to be reexamined. Could we be in for another double dip? Knowbody knows for for sure--one way of the other. It's safe to say that at some point a recovery will happen and next time it might pay to watch what is going on in other cities. Daly City seems to ge a good barometer as to where the market may he headed...  
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
We’re posting the sales for Belmont from back in July at the insistence of one of our readers (thanks for being so patient). We skipped that month since we were so busy ourselves. Quite a few buyers came out of the woodwork in July and we noticed it on one of our listings in San Carlos that had multiple offers. In our estimation, the Peninsula real estate market has not recovered significantly enough to warrant such activity but the low interest rates probably spurred people into action—all at once. At 24, July had the most sales and of any month this year.  The median price was also the highest it has been all year at $926,500. But just look at how many homes sold over a million dollars! There were some very large homes selling which definitely propped up the median price temporarily. ...
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By Phil Caulfield, I Get The Loans Done That The Big Banks Don't!
(Prosperity Home Mortgage)
There are eleven open houses scheduled in Belmont for Sunday January 10, 2010. Here is a list of these open houses for you:   515 Davey Glen Road, $1,399,000, open house from 1:30 to 4 11 English Court, $1,299,000, 1 to 4 2003 Notre Dame Avenue, $1,125,000, 2 to 4:30 3212 Upper Lock Avenue, $949,900, 1 to 4 1569 Winding Way, $939,000, 1:30 to 4:30 1210 North Road, $899,000, 1 to 4 1815 Hillman Avenue, $866,460, 1 to 3 1506 Notre Dame Avenue, $849,000, 1 to 4 2013 Lyon Avenue, $759,000 1 to 4 855 Laurel Avenue, $649,000, 1 to 4 323 Chesterton Avenue, $625,000, 1 to 4 San Carlos Open Houses    
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
"Rarely have I been held in thrall for such a sustained period of dance." Keith Kreitman, San Mateo Journal Please come join us for an Encore presentation of New Ground Dance Theatre's Premiere Production, "Earthdance." Two performances only! Ticketing Information: (650) 508-3456 or boxoffice@ndnu.edu Performances are: Friday, January 8th at 7:30pm and Saturday, January 9th at 7:30 pm This production of Earthdance is presented by Notre Dame de Namur University's Department of Theatre and Dance, and the NDNU Dorothy Stang Center for Social Justice and Community Engagement. All proceeds will benefit the NDNU Department of Theatre and Dance and the Dorothy Stang Center. Please forward this invite liberally even if you won't be joining us - perhaps a friend would like to support the work of...
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By Phil Caulfield, I Get The Loans Done That The Big Banks Don't!
(Prosperity Home Mortgage)
There will be four open houses in Belmont on Sunday, Jaunuary 3rd 2010, at the time of this writing. Here is a list of these open houses for you.   1249 North Road, $1,125,000, open 1:30 to 4:30 1569 Winding Way, $939,000, 1 to 4 2614 Ponce Avenue, $899,000, 2 to 4 400 Davey Glen Road #4610, $399,000, 2 to 4 San Carlos Open Houses Contact Me  
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
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 $784,000 this year. That's a whopping 14% decrease but wait-let's look at what really happened. This November Belmont had three short sales which greatly impacted the results. More importantly was that the majority of the homes sold were much smaller than they were last year. Larger homes sell for less per square foot (since land is a constant). Therefore if many smaller homes sell in a given period the price per square foot statistic will rise while the median home price will fall. Watch for this ...
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
Last Weekend to see Christmas Carol "The Gift"  Seats are very limited and some shows are sold out. Don't forget to plan for the upcoming show: Christmas Carol "The Gift"  . The Theatre department at Notre Dame de Namur University in Belmont California started this wonderful production 24 years ago and it continues to be a tradition within the Bay Area community.  I have had the great pleasure of helping out with this show and seeing the cheer it brings to so many people. If you would like to see the show please visit the website:  www.christmascarolthegift.org   Ticket order forms are on the link.  Don't wait too long as the tickets go fast. Below is a little about the show.     The Story of the Gift Originally written by Dave Gahagen This is the story of a dream that came true. The id...
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By HR Dadgar
(American Dream Realty)
Belmon Home Commission Rebate $12998 Overview Maps Photos Description IDX Search $1,299,888 Single Family Home For Sale Main Features 4 Bedrooms3 BathroomsInterior: 2170 sqftLot: 6,912 sqft Location 1629 Notre Dame AvBelmon, CA 94002 HR Dadgar American Dream Realty (510) 395-1267 hr@adrealty.us http://www.fremontagents.com Our recent listings Belmon Home Commission Rebate $12998Redwood City Home Commission Rebate $17990San Bruno Home Commission Rebate $8350Daly City Home Commission Rebate $6790Foster City Home Commission Rebate $12990 Subscribe to our listing feed See more Belmon, CA real estate for sale
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
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).   Look at the percent a seller receives of their asking price. Few homes are selling over the asking price and if they are it's usually because the home is deeply discounted in the first place. Another sign is the time a home languishes on the market, as expressed in Realtor speak as D.O.M. or Days on Market. Currently it stands at 45 days with six of the sales being listed for 3/4 of a year or more. One sale had to of broken the all time record when it finally closed after being on the market 700 d...
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
What's moving in Belmont Country Club (Belmont)? Street Address List Price Beds Baths Bldg SqFt Lot Size Range City Class Status KINGSTON RD $1,695,000 5 3 1/2 3001 .25+ to .5 Acre Belmont 1 1-Active NOTRE DAME AV $1,299,888 4 3 2170 6,500+ to 8,000 SqFt Belmont 1 1-Active SOUTH RD $1,298,000 4 3 2780 8,000+ SqFt to .25 Acre Belmont 1 1-Active TERRACE DR $1,287,499 4 2 1/2 2820 .25+ to .5 Acre Belmont 1 1-Active HOLLY RD $1,199,999 4 2 2225 .25+ to .5 Acre Belmont 1 1-Active ARBOR AV $1,199,000 5 3 1/2 3070 8,000+ SqFt to .25 Acre Belmont 1 1-Active N NORTH RD $1,188,888 4 3 2550 4,500+ to 6,500 SqFt Belmont 1 1-Active NORTH RD $1,188,000 4 3 1/2 2883 8,000+ SqFt to .25 Acre Belmont 1 1-Active BAYVIEW AV $1,098,000 4 2 2200 4,500+ to 6,500 SqFt Belmont 1 1-Active ANITA AV $1,069,000 4 3...
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
Street Address List Price Beds Baths Bldg SqFt Lot Size Range Class Status MANCHESTER LN $898,000 4 2 1/2 1760 1 to 4,500 SqFt 1 1-Active HILLER ST $799,000 4 2 1940 6,500+ to 8,000 SqFt 1 1-Active NE WESSEX WY $775,000     0 40+ or More Acres 3 1-Active ROXBURY WY $720,000 3 2 1470 4,500+ to 6,500 SqFt 1 1-Active MIDDLESEX RD $719,950 3 1 1010 4,500+ to 6,500 SqFt 1 1-Active CHESTERTON AV $715,000 3 1 1010 4,500+ to 6,500 SqFt 1 1-Active YORKSHIRE WY $649,000 3 1 1010 4,500+ to 6,500 SqFt 1 1-Active FURLONG ST $559,000 3 1 1090 4,500+ to 6,500 SqFt 1 1-Active OLD COUNTY RD #24 $549,900 3 2 1585   2 1-Active  A few properties in the Sterling Downs Belmont on the active list.  There has been some activity in the neighborhood.  With properties priced right they don't last long. If you or...
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
Street Address List Price Beds Baths Bldg SqFt Lot Size Range City Status MANCHESTER LN $898,000 4 2 1/2 1760 1 to 4,500 SqFt Belmont 1-Active HILLER ST $799,000 4 2 1940 6,500+ to 8,000 SqFt Belmont 1-Active ROXBURY WY $720,000 3 2 1470 4,500+ to 6,500 SqFt Belmont 1-Active MIDDLESEX RD $719,950 3 1 1010 4,500+ to 6,500 SqFt Belmont 1-Active CHESTERTON AV $715,000 3 1 1010 4,500+ to 6,500 SqFt Belmont 1-Active ONEILL AV $599,000 3 1 1090 4,500+ to 6,500 SqFt Belmont 1-Active FURLONG ST $559,000 3 1 1090 4,500+ to 6,500 SqFt Belmont 1-Active Sterling Downs area continues to show strong signs. Very good school district and quiet neighborhood area. If you or someone is looking for a property in the Sterling Downs Area please feel free to contact me. Have a great day Jim Light  
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
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 seller's favor. More homes sold this June and at a faster rate. The percentage the seller received was a healthy 98% of their asking price. The month's inventory-the time it would take to sell all of the homes currently listed at the current pace of sales-has dropped to a healthy 3.1 months-far below the national average of over 10 months. Of course there's one nagging indicator which isn't easily seen, and certainly not reported by real estate groups or even the media. Although the median price is...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
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. The number of days it took to sell a home in Belmont went from 48 in April down to only 37 in May. Of the 15 sales in May, 5 sold over the asking price, none sold at asking, and 10 sold under the seller's asking price. And for buyers wanting to get into a home, interest rates remain low--for now--and home affordability is on the rise. The Bad Homes which were originally overpriced took a beating. Overprice Homes 10 Homes Priced Well 5 DOM   76.8 DOM   18.8 Percent Received of Original List Price ...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
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 number came in at $610,000-a whopping 34% decrease. Sales have dropped 15% over last year at the same time and 40% off the peak of the market in 2005. Yet every month so far this year the median price has been creeping back up-ever so slightly. Exciting news? Not really. The median price almost without fail creeps up this time of year.  (Click on the image to see a full sized graphic)  For Belmont, April home sales came in at a disappointing 13 for the entire month, a 38% decrease over last year's ...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
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...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
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. Here are some startling yet revealing statistics:   The far right column of this chart says it all-every indicator in red illustrates a deterioration of the seller's market which has prevailed for so long. You may notice that even though larger homes sold in 2009 the median price still dropped $161,500 in 2009. Adjusting for this, the real median price drop is actually $252,850 or 26%. Today, on average it will take almost three times as long to sell a home in Belmont; when you do sell you are ...
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By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
This first month of the year is in the books as we close out the sales for January 2009 in Belmont. With 40 homes on the market, inventory is showing signs of creeping up. Looking back on past January inventory levels, they usually hover in the low 20 range. Higher inventory levels typically means sellers will get less than their asking price as the supply and demand is in imbalance. It's always interesting for us to look and see why inventory is up. There can be several factors but they almost all have a common thread and that's the market is slowing down. Most buyers can easily get a loan, despite whatever impression from the media you might have. Sure you need to have a better credit score than last year, and you actually have to put some money down now, but lenders are happy to make...
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