belmont homes for sale: Where Did All the Listings Go? Long Time Passing... - 04/18/13 09:41 AM
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 … (0 comments)

belmont homes for sale: Belmont Home Prices Increase at a Stunning Rate - 04/18/13 09:38 AM
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 … (0 comments)

belmont homes for sale: Belmont Home Sales - March 2013 Can it Get Any Hotter? - 04/08/13 10:42 AM
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 … (0 comments)

belmont homes for sale: Avoiding The Dreaded Doomed House Syndrome - 07/10/11 11:04 AM
The Pitfalls of Over Pricing A Home
Why is that home still on the market? That’s a question many people ask as they drive by the same for sale sign in their neighborhood week after week and sometimes month after month. Why do some homes fly off of the shelf and others languish for months?
Whether or not a particular home sells quickly or not has often little to do with the market and more to do with the presentation of the home—including the pricing. In today’s tech savvy real estate world, home buyers have nearly unfettered access to listing information. … (0 comments)

belmont homes for sale: Revitalizing a home in Belmont (with background music) - 12/10/08 09:41 AM
Many of you saw this home on our web page and at the open house. Several homes in the Hallmark area of Belmont have languished on the market for months without selling and everyone has been asking us how we sold our listing so fast. Well, here's the answer in video form. Obviously we had to price the home attractively but we also had to add value. Preparing a home for sale takes a lot more than staging. Thanks to a cooperative seller, we transformed this home in only a few weeks and the transition was phenomenal--then we listed and sold the home … (0 comments)

belmont homes for sale: Belmont Housing Activity-Week Ending September 20th, 2008 - 09/21/08 07:10 AM
Belmont’s inventory of homes for sale ended exactly where it started off for the third week in row at 47 homes for sale. There were four news listings, six homes went pending and four closed escrow while two homes dropped off the inventory rolls as sellers gave up on trying to sell their homes.

NEW LISTINGS
2305 Cipriani 3 Bed 2 Baths 1,840 Sq Ft home for $ 1,050,000.
If you’re looking for a move-in condition home here’s one for the top of your list. Ok Cipriani is a busy street but the home sits back far enough to afford … (0 comments)

belmont homes for sale: Tuesday Tour Day--September 2nd 2008 - 09/02/08 03:04 PM
Tuesday's are tour days of agents. We get a chance to see all of the new listings in one fell swoop. Some of these homes have been open the previous Sunday and you may have already seen them. If you haven't, here's my update on the Belmont Homes that were in my Weekly Update last week but toured today, September 2nd 2008:
2422 Hastings 3 Bed/ 2.5 Bath 2,250 Sq Ft Attached Home LISTED for $1,038,000. These are attached homes in the Belmont Hills. You tend to get a lot of home for your money but not much land. This home … (0 comments)

belmont homes for sale: Belmont Closed Escrows--Week ending July 10, 2008 - 07/09/08 01:36 PM
With 46 homes for sale, Belmont's inventory is down this week. Twenty six more have a pending sale. Part of the reason the inventory is low this week is the number of new listings was ZERO. That's very unusual for the summer market.
Seven homes went into a pending sale status last week (all but one was under a million dollars) and another six homes closed escrow--two from our Carlmont Associates Brokerage (see below). One of our picks for the "Best Deal of the Week" on Carmelita closed escrow for $710,000--$11,000 over asking. 
Belmont Closings--Week ending July 10, 2008
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