What's the real estate market like in the 94002 (Belmont)?

By
Real Estate Agent with Compass CA DRE# 01215160

Let's take a look and see what's happening in real estate in the 94002 -- Belmont, California, in early January, 2019:

  • 10 - active listings for sale - single family, townhouses and condos
  •   7 - active listings of single family homes, ranging in price from $998,000 to $3,400,000
  • $1,888,000 - median list price of the single family homes
  •   3 - active listings of condos/townhouses
  • $   798,000 - median list price of the condos/townhouses
  •   2 - number of new listings since 1/1/19 

Not much inventory for a city of approximately 27,200 people! If patterns from past years hold true, by the end of January we should have an appreciable increase in the number of new listings. We generally have more active buyers ready to purchase then, too.

What about prices in Belmont, California? What does 2019 have in store? Per the statisticians at Compass, California and U.S. home price growth is expected to slow this year. Read about the expectations for the San Francisco Bay Area as well as other parts of the state on the Compass blog.

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Topic:
Real Estate Market Trends
Location:
California San Mateo County Belmont
Groups:
The Lounge at Active Rain
San Francisco Bay Area Real Estate
Market Reports
Diary of a Realtor
HyperLocal Neighborhood and Community Posts
Tags:
condos
real estate for sale
inventory
single family homes
townhouses
belmont ca
94002

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Rainmaker
500,074
Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
In Tune with your Real Estate Needs - Olympia WA

With such a cute photo like that, Belmont CA looks like a wonderful small town to call home!

Jan 11, 2019 07:50 PM #1
Rainmaker
4,655,173
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Lottie Kendall buyers and sellers should appreciate this market data on Belmont CA... and they'd be wise to call you, Lottie Kendall, for guidance with buying and/or selling in Belmont CA....

Jan 12, 2019 04:01 AM #2
Rainmaker
4,365,369
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Jan 12, 2019 05:19 AM #3
Rainmaker
1,726,915
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Lottie - Belmont looks like such a cute neighborhood.  I am sure your market information will be very helpful.

Jan 12, 2019 08:38 AM #4
Rainmaker
1,686,202
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Francine Viola and Grant Schneider - the picture shown here was the gatehouse to the country club in Belmont's early days. Across the street, the United Church of Christ used to be the country club's club house.

Belmont is a charming town, mid-way between San Francisco and the Silicon Valley.

Jan 12, 2019 11:29 AM #5
Rainmaker
1,686,202
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Good morning, @Gita Bantwal and Barbara Todaro - I hope this information about current inventory and prices in our area is helpful and informative to people thinking of buying or selling in and around Belmont.

Jan 12, 2019 11:31 AM #6
Rainer
241,509
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties sold.

Jan 13, 2019 02:37 AM #7
Rainmaker
1,686,202
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Sally Crane - what's the market like for you and Bob in WI?

Jan 13, 2019 10:09 AM #8
Rainmaker
2,137,883
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Greetings from Hawaii, Lottie. You know, I don't think I've ever been to Belmont or heard about it. Probably passed the sign on a freeway, though. Here's a stupid question is this where they race horses?

Jan 13, 2019 10:25 AM #9
Rainmaker
1,686,202
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents - no such thing as a stupid question, right? The Belmont Stakes horse racing is in New York; Belmont CA is on the Peninsula, between San Mateo and San Carlos. Aloha!

Jan 13, 2019 11:14 AM #10
Rainmaker
1,878,541
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Lottie Kendall - Buyers and Sellers will appreciate your knowledge, integrity, trust, and the truth along with your expertise.

I wish you continued success. 

Jan 13, 2019 06:04 PM #11
Rainmaker
1,686,202
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Thanks, Patricia Feager, MBA, CRS, GRI,MRP - Belmont is one of the town on the Peninsula that has many benefits appreciated by families of all types. I appreciate all the nuances that living here provides. 

Jan 15, 2019 07:48 AM #12
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Lottie Kendall

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