carlmont associates: Shiny Penny Home Tour on the Peninsula 1/24/2012 - 01/25/12 10:12 PM
Undeniably the best deal today was this home on Hamlet in San Mateo offered by Patriott Properties. It's a bank owned home and they are ready to deal. Listed for only $439,900 we suspect it won't last until the weekend.
On a side note, the Best of Tour home from our Shiny Penny Tour last week that is hearing offers tomorrow, is up to 27 interested parties. We'll post the actual sale price as soon as we find out--stay tuned...
The information contained in this article is educational and intended for informational purposes only. It does not constitute real … (0 comments)
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carlmont associates: Orion in Belmont's night sky - 10/09/10 10:21 AM
Just thought I'd share this with everyone.
We've always enjoyed astronomy and I love it when there's a new moon and we can get a good look at the night sky.
In Belmont, we're pretty close to the city (San Francisco) and get a lot of city light which tends to wash-out the night sky.
If we look south-south-west however it's much darker as we're looking towards the Santa Cruz mountain range.
When I got up early this morning I had to grab my camera and capture one of my favorite constellations-Orion.
This was taken today, October 9th 2010 just after … (1 comments)
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carlmont associates: Belmont's Greek Festival Labor Day Weekend 2010--FREE TICKETS - 09/01/10 08:40 PM
It's that time of the year again for the Greek Festival in Belmont.
Each Labor Day weekend the Greek Orthodox Church hosts its annual Greek Festival at the Church of the Holy Cross at the corner of Ralston Avenue and Alameda de las Pulgas. This year, the Greek Festival in Belmont will be on Saturday, Sunday and Monday September 4th-6th 2010 from 12:00 PM to 10:00 PM. If you love to try great food and spirits you'll be in heaven. The Greek Festival never disappoints when it comes to entertainment for the whole family.
As an advertiser of the Greek Festival, we have … (1 comments)
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carlmont associates: Bay Area Housing Affordability Index Reaches High - 08/06/10 06:04 PM
The California Association of Realtors tracks the "HAI" which is the Home Affordability Index. Their methodology can be found here, but in a nut shell they take into consideration the median home price for a particular area, the median income, the current interest rates and mash it into an index which essentially says what percentage of the population can qualify for the median price home assuming they put 20% down and have 30% (which is conservative) income to debt ratios. The higher the index the more home people can afford to buy a home. Since there are three variables which could … (1 comments)
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carlmont associates: What if I hate my neighbors? - 08/02/10 03:18 PM
Finding a home with great neighbors can be the luck of the draw.
When buyers we help find a home are concerned about who their new neighbors might be, I'm reminded of my childhood experiences trying to lay claim to the perfect campsite.
When I was a young, like so many of our generation, our parents took us on summer camping trips as a frugal way to enjoy a vacation. As we entered the campground, finding the perfect campsite was always a moment of great anticipation. Competition was fierce for the great sites; as with most people who want to get … (1 comments)
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carlmont associates: Belmont and the Bay Area Peninsula Housing Downturn - 04/11/09 03:31 PM
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 … (0 comments)
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carlmont associates: Bay Area Housing Market--a look back to 2008 - 01/11/09 02:18 PM
Before we wrote this year’s forecast, we went back and re-read our assessment of where the market might be headed in 2008.
Of course very few people could have predicted that the dire real estate woes would drag the entire economy to the brink of collapse and we were no better than most.
However, for your enjoyment we’ve clipped a segment out of our 2008 market forecast made on January 4th 2008—and highlighted some of our more interesting comments:
“This is precisely why the Peninsula should fare better than other areas [in 2008]”.
“However, … (0 comments)
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carlmont associates: Belmont--December 2008 Home Sales - 01/09/09 04:33 PM
We’ve got a lot to cover at the beginning of a new year as we go back and examine all of 2008 as well as the month of December.
This is our month-end report of home sales in Belmont for the month of December 2008. Note that while the median price dropped significantly from November, so did the size home which sold in December. The difference in size of homes in the two months was 190 square feet. At the price per square foot of $514 that could account for $97,660 of the difference in median home price—meaning that home prices … (0 comments)
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carlmont associates: Our 2009 Housing Conjecture - 01/02/09 03:52 PM
Those of you who have been following us for some time know at the beginning of each year we re-cap the previous year and take a stab at where the market might be headed in the upcoming year. We’re still compiling the numbers for 2008 and the analysis will take another few days to complete but preliminarily, it appears Belmont fared better than most of the Bay Area and even her neighboring cities. Check back next week for a full run down and re-cap of 2008.
Before I wrote this post, I went back and re-read our assessment of where the … (0 comments)
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carlmont associates: Are you a Bidder's Fool? - 11/30/08 05:00 PM
As part of our Real Estate REVEALED series we answer another Frequently Unasked Question in our latest Podcast—how do you know when a home is priced right? In addition to this latest Podcast, we’ve added a web page that makes finding the entire series of archive issues in one place. … (0 comments)
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carlmont associates: Belmont--Holiday Festivites - 11/19/08 02:16 PM
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carlmont associates: Belmont--October Housing Report - 11/05/08 07:27 PM
The housing market is in a state of flux so we spent added time this month helping you understand the numbers and our local Belmont market:
(Click on the report for a size you can read)
Understanding the Belmont’s October 2008 housing market takes a lot more than listening to the numbers being bantered about without insight or analysis.
Read on, as we’ll tell you what these indicators mean and how to put them into perspective.
First the overall picture:
We rate each indicator with an arrow depending on its effect relative to increasing home values from a … (0 comments)
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carlmont associates: Belmont--Week in Review, November 1, 2008 - 11/01/08 09:03 PM
This is an abbreviated version of our recap for the last week's activity in Belmont because it's been a busy week and I'm beat. That and not much transpired in Belmont real estate.
30 year mortgage rates on jumbo loans underwent a huge increase as money previously available to Fanny and Freddie Mac became more expensive.
And if you're shopping for a home right now don't forget, lender are not taking applications for loans qualifying for the $729,750 conforming rate cap after December 1, 2008 of THIS year. Better lock down a home if you want favorable rates before then. … (0 comments)
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carlmont associates: All Hallows' Eve in Belmont - 10/31/08 03:16 PM
Halloween might mean a night of relentless doorbell rings and handing out candy, or if you are lucky enough to still have trick-or-treaters of your own to take around, a night of scaring your nieghbors with your little goblins, but this Holly day is steeped in tradition.
All Hallows' Eve gets its contraction "Halloween" from the "eve" or "even", both abbreviations of evening. It's the eve before All Hallows' Day, perhaps better known as All Saints Day.
Rooted in Celtic origin, All Hallows' Eve was the one day a year that the dead could come back and mingle with the living. Jack-o-lanterns and … (0 comments)
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carlmont associates: Belmont Needs More Negativity - 05/08/08 04:38 PM
If you’ve been thinking like we have, you're probably wondering when will the weather get a little warmer.
The wind has been relentless this month. Our Davis weather station located at our home in the Hallmark area of Belmont, has been collecting data since we moved from Barclay Way in 2001. We’ve been broadcasting it live since January 2002 and it receives more hits than any of our other web pages each month.
A recent software upgrade has allowed us to extract data for analysis and this is my first graph. It illustrates the wind at time intervals … (0 comments)
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