homes for sale in belmont: To Have or Forgo Contingencies When Buying a Home - 02/16/13 05:37 AM
To Have or Forgo Contingencies When Buying a Home

So, contingencies, yes--well as agents, we love them because they help insulate us from future lawsuits. But as a buyer, they can cost you money and they will most certainly cost you a home or two in a competitive market. Here's why. Faced with a multiple offer situation on a property, buyers will often try and make their offer stand out above their competition. And there are two ways to do that--the terms they offer and the price they pay.
In a multiple offer situation, buyers often exceed the asking price … (1 comments)

homes for sale in belmont: Profile of a Belmont Home Sale - 2011 - 02/16/13 05:36 AM
What was the profile of the average home that sold in Belmont last year?
 
 
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)

homes for sale in belmont: Belmont Home Values-Post January 2011 - 02/16/13 05:35 AM
 
Belmont Home Prices Decline Further We’re only one month into 2011 and already things are interesting.
Belmont home sales in January 2011 remained brisk. There were twelve homes which closed escrow in January, one more than last year but eight more than in 2009.
It appears a small trend has developed indicating January 2009, as suspected, was the low point for real estate.

But we aren’t out of the woods yet. Depending on who’s talking to you—a glass half full or half empty person—we’re either headed into a slow recovery or its lull in the action before a double dip. … (0 comments)

homes for sale in belmont: What the Media Isn't Reporting About Our Housing Market - 07/07/11 12:45 PM
 
   

The media helps keep us informed about the world we live in. They tell us what is going on globally, what our government is up to and on a local level what the weather might be like (even though they bat just over 500 on that one), and they can even tell us the best route home when there’s traffic. We trust the media to give us accurate information and they have a duty to ensure that it is. But what about the stories they just choose not to report?
Let’s face it. Bad news sells and … (1 comments)

homes for sale in belmont: Belmont Home Sales for May 2011 - 07/07/11 12:42 PM
Belmont Home Sales for May 2011 Belmont home prices slipped back a bit in the month of May 2011 while sales continued to be less than impressive.
Home sales in Belmont were down considerably from May of 2010 and for good reason—home sales last May were buoyed by the last minute deadline for the $8,000 tax credit which lifted sales across the nation. Our sales analysis for May of 2010 addressed the temporary nature of the uptick in homes sales for the month of May 2010.
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homes for sale in belmont: Belmont Home Values on the Rise - April 2011 Home Sales Report - 07/07/11 12:40 PM
  The sale of single family homes in Belmont increased this April to 16 over last April’s 10—a 60% increase in home sales. This is important to note since last year in April homebuyers enjoyed the $8,000 tax incentive program (and also because we went out on a limb and predicted this might happen). During the same time the average days it took to sell a home dropped from 76 days to 50.
•             Last April four homes took price reductions of on average $48,000 in order to attract a buyer. This April five sellers had to reduce their prices by … (0 comments)

homes for sale in belmont: Belmont Housing Review - February 2011 - 07/07/11 12:39 PM
 
Belmont Housing Review - February 2011 Once again if we are lulled into believing the raw numbers Belmont’s median home price shot up 14.7% over last February and an unbelievable 23% since just last month—unbelievable being the operative word.
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homes for sale in belmont: Can San Mateo Survive a Tidal Wave? POSY FEBRUARY 2011 - 07/07/11 12:36 PM

San Mateo County Market Snapshot--Are We Treading Water?   
Those of you who follow our market updates know we put our hometown, Belmont, under a market microscope every month to get a glimpse as to where the market appears to be headed.
Of course that really is living in a Petri dish when it comes to the real estate market as a whole.
Real estate is very local—what goes on in even one part of a city could be entirely different from another. That said eventually positive market trends trickle down and negative ones up.
As evidence of this phenomenon one can go … (0 comments)

homes for sale in belmont: Belmont Housing Sales--November 2009 - 12/12/09 04:15 AM
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 … (0 comments)

homes for sale in belmont: Belmont Home Sales--March 2009 - 04/11/09 08:49 AM
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...

(0 comments)

homes for sale in belmont: Belmont Housing Report--January 2009 - 02/14/09 07:34 AM
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 … (0 comments)

homes for sale in belmont: Belmont--Week in Review, November 1, 2008 - 11/01/08 02:03 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)

homes for sale in belmont: 2824 Hallmark Drive, Belmont NEW LISTING! - 10/21/08 11:11 AM
Drew & Christine Morgan (650) 508-1441
 
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)

 
Drew & Christine Morgan, Belmont California Real Estate (RE/MAX Star Properties)

Drew & Christine Morgan

Belmont California Real Estate

Belmont, CA

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RE/MAX Star Properties

Address: 1940 Ralston Ave., Belmont, CA, 94002

Office: 650-590-4525

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Drew & Christine Morgan focus on issues in Belmont California that affect the local real etate market and quality of life.


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