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Belmont Home Sales - March 2013 Can it Get Any Hotter?
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 another boost in the percent of their asking price they received. In March of 2011 sellers received 99.5% of asking which jumped to 101.6% in 2012 before being eclipsed by this year’s impressive 108.3%. Sellers that are worried about what they pay their agent should think less about negotiating a ½ % discount in commission and more about hiring the best agent with the best results. My parents called that “Penny wise and pound foolish”.
PRICE REDUCTIONS Two sellers had to lower their initial asking price to entice a buyer as compared to last year when three sellers lowered their ... more

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