New Year’s Day. Why January 1st?

Why do we celebrate New Year’s Day on January 1st? For the same reason the sun never came up in Brittan for 12 days back in 1784—calendars.Champagne_2

On September 2, 1752 the good people of England went to bed and when they awoke it was 12 days later. The sun never came up during those days—no newspapers were printed, no one died and no one was born. What happened to freeze time for 12 days? It was the British Calendar Act of 1751, which declared the day after Wednesday the 2nd of September to be Thursday the 14th.

The reason for the correction was that Brittan continued to use the Julian calendar well after many countries had switched to the Georgian Calendar we us today. Hence the official British calendar differed from most of continental Europe by 11 days. That meant that September 2nd in England was September 13th In France.

The Julian Calendar, named after Julius Caesar who requested its creation in 45 B.C.E, consisted of 11 months of 30 or 31 days, and a 28 day February—to include an intercalary day every fourth year. This calendar only varied from a solar year by about 11.5 minutes each year. By the sixteenth century though this variation had the effect of putting the Julian calendar behind the true solar calendar by 10 days. Pope Gregory VIII advanced the calendar 10 days in 1582 and adopted the Georgian Calendar. Several other key changes were made including the first of the year would begin on January 1st, not March 25th.

But protestant countries such as England were reluctant to make these changes resulting in a difference between British colony calendars and that of some European countries of 11 days by 1752.

There were other hold-outs. Germany and the Netherlands did not agree to adopt the Gregorian calendar until 1698. Russia waited until after the revolution of 1918, and Greece did not weigh in until 1923.

Grand Jury Gives Carlmont High School a Lesson in Enrollment

The Civil Grand Jury directed Carlmont High Scholl to clarify its own open-enrollment program and limit the number of students who can transfer, increase capacity, or change school boundaries. School_stairs

Carlmont is over its official capacity of 2,100 students. Administrators say the district’s use of open enrollment – which allows students to choose a school outside the one designated by attendance boundaries – along with the popularity of Carlmont has caused the shift.

Superintendent Pat Gemma said for starters, the district plans to allow only about 80 open enrollment transfers to Carlmont for the freshman class that will start next fall, compared to about 220 transfers that were let in this fall.

Students with siblings at the school will get the highest priority, followed by those who chose Carlmont after making a documented effort to educate themselves on the options. ""There’s no question in my mind nor the mind of the principal at Carlmont that 2,300 students at Carlmont is too many," Gemma said.

With that in mind is seem unlikely that Carlmont will be choosing the option of increasing capacity, and will likely be forced to move school boundaries. Currently, any eligible Belmont resident can go to Carlmont High while only certain parts of San Carlos may attend providing they are within the designated school boundaries. The third option has been to apply for an intra-district transfer to Carlmont.

This dilemma could have an impact on housing values as buyers are apparently more inclined to pay extra to live within the Calrmont School boundaries. The folks who bought in San Carlos thinking they were well within the Carlmont High School boundaries may find out that everything has changed—including what someone will pay to live there.

Help Us Go Green!

Help Us Go Green!

Greenworld

Help us continue to decrease the need for environmentally demanding postal mail while enriching our schools—all while keeping abreast of Belmont’s housing market and local issues.

For a limited time, for every verified email address we receive on our Newsletter Form we’ll donate $1.00 to Belmont’s School Force.*

As Real Estate agents and homeowners in Belmont, we are directly involved with fielding questions about the local schools. The importance of quality education, beside the obvious responsibility of providing education as a social benefit, has a direct bearing on a city’s quality of life which translates indirectly into higher home values. Whether a homeowner has children benefitting from the great education Belmont’s schools provide or not, supporting the local schools is one of the least expensive and best investments a homeowner can make to increase property values.

The Belmont/Redwood Shores school district continues to excel and part of their success is attributable to Belmont’s School Force™, a non-profit organization founded in 2001 which concentrates their efforts on improving the quality of education in our schools through fundraising for programs which would otherwise be discontinued.

Our commitment to minimizing the impact we have on the environment is accomplished through available communication technologies such as our e-market updates and newsletters; our local Belmont blog, BeautifulMounatinBlog.org and our market reports web site MorganHomes.com.

We’re running a business and part of our advertising campaign is to remind people of our services. We currently mail our Belmont Market Report, and the Morgan Report real estate update, to thousands of Belmont residents. With the prevalent adoption of high speed Internet access and quality HTML e-mail delivery options, our goal is to replace our postal mailing with e-mail and significantly reduce paper consumption and our costs so we may continue to offer aggressively discounted fees to our clients—it’s a win-win situation for everyone including Belmont’s schools!

* Certain reasonable restrictions apply such as being limited to one email address per household, the email must be a verifiable, working email address and the request must come from a current Belmont resident so we can remove them from our mailing list—that’s it!

Sign-up now!

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Drew & Christine Morgan,MorganHomes.com


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December 10th–Property Tax Deadline

Today, December 10th is the last day to pay your property taxes in California. Many people wait until the December 10th deadline to pay their property taxes though they are due November 10th, becasue there’s no penalty until after the December deadline.

Taxes

The fiscal year for California property taxes runs from July 1st through June 30th of each year, which is why your property taxes cover those specific dates. There are two payment vouchers, one for the first installment and another for installment numbers two. Installment number one is collected in arrears in November as it covers the time period from July 1st through the end of the year. This payment is due November 10th and delinquent December 10th of each year.

The second installment is due on February 10th but the tax collector gives you and additional 30 days to make this payment as it is not delinquent until April 10th.

For those trying to get all the airline miles possible, there’s an easy on-line payment option but be aware that a 2.5% surcharge will be applied for this convenience.

Lies,Damned Lies, and then there are Statistics…

The article titled "California’s October home sales slide 40%" reported by Inman News today evokes thoughts of Mark Twain’s famous saying there are "Lies, damned lies, and statistics".

Though the number of homes which sold is easily tracked, calculating the true median home price is a little more elusive. The size of homes which sell in a particular period can greatly influence this statistic. The median price has been used quite often as a benchmark for home values since all things being equal, roughly the same size homes sell each month. However, current lending conditions affecting first-time home buyers have skewed these numbers and in fact a disproportionate number of larger homes are selling; and since larger homes sell for more, this has created the appearance of an increase in the median sale price in certain areas.

For example, one of the cities sited in the article as one of the 10 cities and communities with the greatest median-home-price increases in October 2007 compared to October 2006 was Redwood City at 20.6 percent. But if one examines just the single family homes which sold in those two periods, it reveals that in October 2006 the median home price was $810,000 and a year later $1,100,500-a whopping $290,000 more! Pretty exciting news for sellers until you look further at the data and realize that the median size home sold in these two periods also grew; from 1330 sq. ft. to 1760 sq. ft. Calculating the price per square foot which homes sold for in October 2007 ($600.00) and applying that to the difference in the size of homes sold (400 Sq. Ft.) for these periods reveals that $240,000 of the $290,000 increase was simply due to larger homes selling-still an increase, but hardly worthy of making the news. And of course if this scenario is played out across California as a whole, one wonders if the 9.9% median home price dip isn’t actually much steeper than reported?

*Data retrieved from the REIL MLS system for San Mateo County.

Belmont Market Update-November 2007

November’s numbers are in and there are no real surprises. Last month’s momentary increase in the median price in several cities like Belmont and Redwood City (as previously discussed) was due to an inordinate number of larger homes selling in October. This month, the opposite was true as the median size home sold was smaller than the median home in Belmont so it gives the appearance that the median home value dropped.

As seen in this graph, the price per square foot that the average Belmont home sold for was up—again due to smaller size homes selling (smaller homes sell for more per square foot than larger ones).

Bel_per_sq_ft_11_2Belmontnovember_2007_7

Several key market indicators you might want to watch…

↑The number homes sold in Belmont was up from last month and closer to the typical winter selling pattern, though still less than past markets. We’ll give this one thumbs up for performance.

↘The percentage the seller received of the asking price was down from last month’s 100.28% to 97.78 and down from last year’s 101.07%. In fact, one has to go back to December of 2003 to see this low a number. One thing that contributed to this swing was several homes sold which had been on the market for quite some time. Seller’s nearly always get less for their home if it has sat on the market for awhile so this skewed the number s a bit—we give it a down arrow just the same as a sign of a weakened housing market.

Bel_med_sq_sp_112007_2

↔The average home sold in 44 days—again up from last month’s 29 and up from last year’s 32. However, two homes sold for significantly over the asking price (one for over $100,000)—a clear sign the market is still alive on the Peninsula. While 13 homes sold under asking they were on the market for on average 50 days! Another five sold for the asking price and even they averaged 40.6 days on the market—an anomaly. Given the fact that so many homes which were “stale” on the market still sold for so much, we opt to put this market indicator in the “no change” category as it could go either way.

All Belmont Sales as reported in the Multiple Listing Service for November 2007. (Click on the picture for a larger version).

Belmont Central Elementary School Wins Coveted “Blue Ribbon” Award

Another affirmation of Belmont’s commitment to academic excellence was demonstrated as School_award_2Central Elementary school was recognized as a “Blue Ribbon” school–part of the national “No Child Left Behind” program for achieving academic excellence. Belmont’s Central Elementary School was selected out of a possible 120,000 public and private schools nationwide—one of 24 which earned this honor in the state of California. Belmont’s commitment to the finest education is one of the many reasons so many people choose Belmont as their home.

The criteria for such a distinction is:

“The NCLB-Blue Ribbon Schools Program is a 24-year-old program that encourages states to nominate public kindergarten through grade twelve schools that are either academically superior or demonstrate dramatic gains in student achievement. California public schools were chosen from among the 2006 California Distinguished Schools. Private schools were nominated by the Council for American Private Education.”

“…the school must show a student proficiency level that places the school at the 90th percentile in English-language arts and mathematics in the highest grade tested when compared to other schools in the state.”

Congratulations to Belmont and the staff of Central Elementary School as well as the many volunteers, families, and organizations such as Belmont’s School Force for earning this high honor.

Mark your calendar: The best meteor shower of 2007 peaks on Friday, December 14th.

My Brother and I have a long history of watching asteroid showers from our roof top as children. Today, they still excite us as we enjoy the "fireworks" that the heavens offer us so many time a year. This particular show appears to be a good one–though they have promised such before and we’ve been disappointed,. Yet unlike the Fourth of July fireworks which have been less than spectacular in years past, these folks really have no control over the outcome. Here’s to hoping the sky is clear.

Click here for the full story… http://science.nasa.gov/headlines/y2007/03dec_asteroidshower.htm?list192695

Happy watching,

Drew