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There are many positive indicators in Belmont’s housing market from just a year ago. This data is from the […]
We’re posting the sales for Belmont from back in July at the insistence of one of our readers (thanks for being so patient). We skipped that month since we were so busy ourselves. Quite a few buyers came out of the woodwork in July and we noticed it on one of our listings in San […]
We thought we'd update this graph depicting the median price in several peninsula cities. Note that while in Q4 of 2007 the median price in Menlo Park was still rising, it had started to fall off dramatically in Daly City. Prices appear to have hit bottom–for now. The real estate landscape has changed so dramatically […]
Changes to the Belmont home market seemed to have slowed recently.
(click the graph for a full sized image) Data retreived from the MLS.
MEDIAN PRICE
In 2008 the median home price stood at $960,000 in the month of October. This year, it has dropped to $865,000.
Once again the numbers are a bit misleading. The size home […]
Belmont closed out the month of September with less than a stellar performance. There were 18 sales which is respectable–a couple more than last month–but still shy of even a normal market.
Is this still a Buyer’s market? We think so.
(Click on thechart to see an enlarged version).
Look at the percent a seller receives […]
August turned out to be a respectable month for Belmont sales with at 16 it was just one sale shy of last year.
DOM
You might notice a few oddities in the Days on Market stat. First, our MLS did away with Original Days on market vs. Days on Market as they felt it was simply […]
NEW LISTINGS
The holidays are in full swing and you can tell by the deafening silence that Belmont’s housing activity is slower than the holiday deliveries promised by UPS. A very unscientific barometer is our phones are eerily quiet (which is not a bad thing one time of the year) but some ringing other than the […]
August, 2008
The data for the summer months suggests Belmont’s housing sector may be near or at the bottom for any market corrections though the picture outside the mid-peninsula remains uncertain. Belmont is a micro-market and we take this position not because all of the data points to positive market indicators, but rather the data points […]
Belmont had a relatively busy week with 6 new listings, 4 homes went pending and 7 that closed escrow. That brings Belmont inventory of homes for sale to 47, up just slightly from last week.
Be sure and check back in around Thursday as the month’s totals will be in for an interesting perspective on the […]
Belmont Housing Activity Δ from prior week
New listings 3 ↓
Homes that went pending 2 ↓
Homes that closed escrow […]