best homes in belmont and san carlo: 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)

best homes in belmont and san carlo: 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)