Carlmont Associates

Nothing Remains the Same, Except Change

By |August 13th, 2018|

Nothing remains the same, except change—with each change being slightly different than the one before…

By The Numbers

Now that the waning dog days of summer are upon us, we felt it was time to summarize the second quarter sales for the year. I mean, doesn’t everyone want to know, “How is the Market”? It’s the question […]

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Prop 13 May Die a Slow Death

By |May 4th, 2018|

Do you remember proposition 13? If you do, you probably own a home, but prop 13 may be dying a slow death, at least for industrial and commercial properties.

THE BACKSTORY: On June 6th, 1978, nearly two-thirds of California’s voters passed Proposition 13, reducing property tax rates on homes, and businesses by about 57%. Proposition 13 forever […]

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Winning the Bid May Actually Be Losing

By |January 10th, 2018|

Are agents terrible at pricing homes for sale, or is there another reason so many homes sell for hundreds of thousands of dollars over the asking price?

When a home is underpriced, or overpriced for that matter, it often has to do with the fact that the listing agent is from out of the area. They […]

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Possible Tax Hike Looming

By |November 30th, 2017|

1 Month Left to Sell Before Possible Tax Hike

DAILY REAL ESTATE NEWS | THURSDAY, NOVEMBER 30, 2017

Some home sellers would need a sale contract inked before the end of 2017 in order to avoid a big tax bill that would be imposed if the GOP tax reform proposals become law. Both the House and Senate […]

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Belmont Home Value’s Increase—Is There No End in Sight?

By |November 17th, 2017|

Before we head into the winter slow season for home sales, we’ll take a quick look back at Q3 home sales for Belmont, and the larger San Mateo County.

BELMONT & SAN MATEO COUNTY

HOME SALES—

Belmont had 78 new listings in Q3 as compared to 64 last year during the same period, and increase of 18%.

San Mateo […]

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Will There Be an End to Home Bidding Wars?

By |May 6th, 2017|

With unusually low home inventory levels, many buyers are feeling frustrated and overwhelmed at the prospect of ever getting their ideal home, or have first-hand experience at losing the home of their dreams in a bidding frenzy.

Yet not all homes sell for over their asking price. In fact many sell below. Granted, they may seem far […]

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New Listings in Pricey Bay Area Counties Rose Significantly

By |February 22nd, 2017|

The California Association of REALTORS™  has released a recent report on the state of the California’s housing, naming San Mateo County as having the highest median price in the state. They went one to mention the rising number of new listings. Could this mean that sellers are finally thinking the market is near its top? Will housing […]

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Housing May Be Approaching Equilibrium

By |January 19th, 2017|

A lot transpires at the end of the year. There are resolutions for the new year, and reflection upon the year just passed. There’s wrapping up the holiday decorations and reflecting upon the celebratory memories.

And then there’s wrapping up the year-end business for us. Surveying what happened in our local housing market and taking a […]

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The Eleventh Hour on the Eleventh Day of the Eleventh Month—Where Will You Be?

By |November 10th, 2016|

The Eleventh Hour on the Eleventh Day of the Eleventh Month—Where Will You Be?

Veterans Day originated as “Armistice Day” on Nov. 11, 1919, the first anniversary of the end of World War I. Armistice is an agreement made by opposing sides in a war to stop fighting for a certain time— a truce.

Congress passed a […]

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Local Housing Market Shows Signs of Change

By |October 26th, 2016|

BELMONT (AND BAY AREA) MARKET SHIFT

In order to know what changed in our housing market, one must understand that markets are constantly in flux, it’s just hard to see when you are in the middle of one—sort of like being in the eye of a hurricane. We looked at home sales in Belmont and compared […]

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