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 … (0 comments)
belmont: Agents can be downright rude! Are you?
- 05/23/10 01:13 PM
Ever meet a home buyer who was downright rude? I mean all you're doing is trying to meet these nice folks and they snub you like you're invisible. You know you're the best agent for the job but how do you convey that if people refuse to give you the time of day? Hello-can we at least get some eye contact?
Maybe it's Karma? I've been selling real estate for almost 20 years now and I have to admit I've been short with a few "Affiliates" in the past. Well last year I had the tables turn. I had the … (9 comments)
belmont: Belmont and the Bay Area Peninsula Housing Downturn
- 04/11/09 08:31 AM
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)
Four Bedrooms Three updated baths Kitchen with Birdseye maple cabinetry, new appliances, Corian counters, hardwood floors, recessed Halogen lighting and canyon views Family room, kitchen and dinette combination offers access to the rear yard Lower bedroom with full bath Large dining and living room with wooden dual paned bow windows Designer color paint treatments Level rear yard with open space canyon views Approximately 2430 Sq. Ft. 7,000+ Sq. Ft. lot Excellent Schools $1,298,990 Email this listing to a friend: <form name="eMailer"> </form> <form name="form1" action="/cgi-bin/formmail" method="post"> Name e-mail Phone (Optional) I'd like … (0 comments)
belmont: Belmont Central Elementary School Awarded "Blue Ribbon"
- 12/04/07 07:37 PM
Another affirmation of Belmont’s commitment to academic excellence was demonstrated as Central Elementary school was recognized as a “Blue Ribbon” school--part of the national “No Child Left Behind” program for achieving academic excellence. Belmont’s Central Elementary School was selected out of a possible 120,000 public and private schools nationwide—one of 24 which earned this honor in the state of California. Belmont’s commitment to the finest education is one of the many reasons so many people choose Belmont as their home. The criteria for such a distinction is: “The NCLB-Blue Ribbon Schools Program is a 24-year-old program that encourages states to nominate … (0 comments)
belmont: December 14th-Mark you Calendars for the year's best asteroid show!
- 12/03/07 07:22 PM
My Brother and I have a long history of watching asteroid showers from our roof top as children. Today, they still excite us as we enjoy the "fireworks" that the heavens offer us so many time a year. This particular show appears to be a good one--though they have promised such before and we've been disappointed,. Yet unlike the Fourth of July fireworks which have been less than spectacular in years past, these folks really have no control over the outcome. Here's to hoping the sky is clear. Click here for the full story... http://science.nasa.gov/headlines/y2007/03dec_asteroidshower.htm?list192695 Happy watching, Drew … (2 comments)
belmont: The Dual Income Trap
- 11/19/07 04:19 AM
The Dual Income Trap Elizabeth Warren, A Harvard Financial Law Professor writes in a very revealing article titled "The Middle Class on the Precipice" wherein she examines the dilemma now facing dual income families as spouses no longer have the added ability to enter the work force if even to temporarily buoy a family's income. Ms. Warren's assertions can be seen as they apply to this year's increase in foreclosures. In the 1970's many households were single breadwinner families who purchased their home based upon a single income. This of course meant that if the sole money earner lost their job the … (0 comments)
belmont: Buyers--Should I Stay or Let it Go?
- 11/18/07 02:40 PM
Much of the current real estate media attention has been focused on foreclosures and sub-prime lending practices. The media's relentless impending doom stories have certainly rattled the nerves of the many would-be buyers. The question is should a buyer stay in the housing market hunt or let it go?
Buyers tend to fall into at least one of three groups; buyers who believe the market will go down and are waiting on the sidelines, ones who can no longer qualify for a loan due to tighter lending guidelines, and buyers who see the new opportunities to own a home. The Buyers who … (2 comments)
belmont: San MAteo County Posts October 2007 Median Price Increase
- 11/16/07 03:16 PM
We've updated the housing data through October of 2007 and there were a few surprises in the month of October. ↑The median single family home price home price rose 7% in San Mateo County, up $75,000 to $1,075,000 over September's $1,000,000 median price and up 13,7% over October a year ago when the median home price was $945,500.
↓Fewer sales mean homes are staying on the market longer. Last October a home sold in 39 days-this year 41. ↑The average home sold for 98% of what a seller asked, up 2% from last October. ↓Total available homes for buyer's to pick from was 1,738 … (2 comments)
belmont: Market Report-Belmont Closed Sales October 2007
- 11/15/07 10:24 AM
While the media is quick to jump on any story which appears sensational, one wonders why the sharp increase in Belmont's median price of over 19% last month wouldn't have raised any eyebrows. Don't miss this month's article explaining how this data needs to be interpreted. We publish these graphs each month in order to keep Belmont homeowners apprised of the market. Of course you are always welcome to visit our web site MorganHomes.com for more detailed graphs and of course our blog for insightful analysis. And if you are a Belmont resident, help us go green and sign-up for monthly reports. We'll take … (0 comments)
belmont: Understanding the Medain Price Data Part III
- 11/15/07 10:20 AM
This is the continuation of an article on understanding median home values... This graph illustrates what the median size home sold for in Belmont during the preceding 12 month period. Note this does not take into consideration individual characteristics of the home such as updating or level yards which greatly affect the home's value. Applying a trend line to the same graph shows us that the median price is approximately representative of current market conditions-prices are not rising at the same rate as they were a year ago and may in fact be on a decline.
Looking at all of … (0 comments)
belmont: Belmont's Median Home Price-Up 19% in October 2007!
- 11/15/07 10:15 AM
Or did it really? What do you do when you know the numbers must be wrong? Numbers are of course just data and need to be interpreted well in order to be of any use. Clearly there's more inventory, there are fewer buyers and homes are sitting on the market longer. All this should equate to homes selling for less. Yet last month Belmont's median home price shot up from $980,000 to $1,170,000. Are you thinking more expensive homes must have sold? Read on... Granted, Belmont is a small market sample and is subject to dramatic swings in data on a … (0 comments)
belmont: What's Eating Your Home's Equity?
- 10/11/07 09:01 AM
This time of year after a heavy rain-followed by a sunny day-we see these long-winged creatures flittering about. If you aren't familiar with a damp-wood termite, you might think it's just another fly-by-night pest. But in fact these little buggers are responsible for BILLIONS of dollars in damage to property each year. These are a few of the unlucky damp wood termites who were caught by a little spider friend of mine at sundown. Damp-Wood termites typically venture out toward artificial light in the early evening hours. The process of termite "swarming" is in an effort to establish a new colony. Frequently, they … (0 comments)
belmont: Belmont's View Ordinance--Only a Vision?
- 10/08/07 01:50 PM
Belmont View Ordinance-Only a Vision? Belmont-or beautiful mountain (beau mont)-is one of the most unique and charming cities on the peninsula. It's heavily forested hillsides and undulating hills make for a delightful backdrop against the busy peninsula transportation arteries. Belmont offers impressive views of San Francisco and the open space around Sugarloaf Mountain, the San Francisco Bay, and on any clear day Mt. Tamalpias, Mt. Diablo and Mt. Hamilton. Belmont's attributes are many but its highly coveted views are among the top reason people choose to live in Belmont. The hills of Belmont weren't always so heavily wooded as suggested by this rendering-published in … (2 comments)
belmont: Belmont's Greeen Market Update
- 10/07/07 01:03 PM
Belmont Sales Activity-September 2007 In an effort to cut down on paper generated by our industry, as well as lower our overhead to continue to offer price matching of our services, and hopefully someday reach more customers, we have discontinued the mailing of our monthly sales updates for Belmont, and are posting the information on-line. This will enable us to provide more information than before and we hope this move towards virtual based services will positively impact our environment while allowing more people to contact us. Please feel free to comment about the new forum we have implemented. … (0 comments)
belmont: Belmont School Wins Coveted Distinguished School Award
- 10/07/07 12:56 PM
The schools in Belmont continue to receive accolades as Carlmont High School wins another distinguished school award as reported by the district. The Sequoia Union High School district won a total of three Distinguished School awards. On their site they say: "Carlmont, Menlo-Atherton, and Sequoia high schools have all been named Distinguished Schools for 2007. Carlmont, Menlo-Atherton, and Sequoia are three out of the 95 high schools designated Distinguished Schools in the State of California. Schools were eligible to apply for the award based on curriculum, instructional program, and support for students and school climate. The schools will maintain their title of Distinguished School until … (0 comments)
belmont: Professional Advertising & Print Materials
- 10/07/07 12:50 PM
Not all agents are as adept at others when it comes to advertising. That's why it's critical for a seller to understand the capabilities of their agent. The seller should ask to see examples of an agent's work prior to enlisting their services. Virtual agents are quick to denounce any advertising which costs money-printed advertising especially. Instead they'll post your listing on virtual message boards in the hope that everyone is internet savvy and looking in the right place. Not all agents will provide the same level of advertising. Therefore we have decided to list some of the services we offer as an … (0 comments)
belmont: Intimate Local Market Knowledge
- 10/02/07 11:37 AM
Intimate Local Market Knowledge By their own admission, virtual companies cannot compete on a local level against agents specializing in a particular market. Instead they have to rely on volume in an expansive market area. This is problematic for a virtual company who does not have agents working in a specific area of expertise. It's even more problematic for a seller who is replying on local market expertise to gain a competitive edge. Local market knowledge will benefit sellers in a challenging market. These are some of the advantages in working with a professional full service real state agent: Having intimate local knowledge … (0 comments)
belmont: Negotiating-Part of a Series
- 10/02/07 11:21 AM
Presenting Offers & Negotiating in Person Anyone who has experience in negotiations will likely confer that to negotiate well one must know their adversary. Local real estate professionals have an upper hand in any negotiation when they have access to this information. Having experience with how other agents may likely coach their client could be of great value in a particular negotiation. Virtual agents and on-line companies in an effort to stream-line the process and be able to cut their overhead, have designed elaborate schemes to complete a paperless real estate transactions. And while this contribution to the industry is admirable since the … (0 comments)
What was the profile of the average home that sold in Belmont last year?
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