Unless you’ve been living under a rock the past two years, you’ve no doubt heard that home values climbed their assent into the stratosphere.
But as local agents for over 25 years, even we have a hard time wrapping our heads around the staggering numbers.
You may have also heard that there’s “no inventory”. Well, that’s not […]
It wasn’t just Sir Richard Branson and Jeff Bezos that have shepherded in a new era. Belmont single family homes values have continued their pandemic born steep ascent.
First, the numbers:
Belmont home values continued their astronomical ascent as sales declined in September of 2021. Belmont sales of single family homes fell 9.6% from September of 2020 […]
Belmont home sales this June suffered from the stall we predicted in this post back in May.
Comparing Belmont July of 2015 sales statistics to July of this year, they might look rather benign, but when you look a little deeper, you can see indications of what could be a slowing trend.
There were only two more […]
BEST OF TOUR
Not to be confused with the Board of REALTORS “Best of Tour” award whereby agents try and coax or pressure their colleagues into signing a petition proclaiming their home the “Best of Tour”, our’s is based upon our personal impression after seeing all of the homes on tour and reporting back to you.
Today’s […]
Belmont Home Values for 2013–A Market Re-Cap
This year-end summary is where we bring you the re-cap for Belmont Home Sales. To say the least, Belmont sellers had a good year. After watching their home values drop for five years in a row (until 2011), they finally enjoyed some relief in 2012 and in 2013 as […]
You know the market is heating up when agents actually start to list homes at the insane prices some buyers have been paying. We’re not in the business of trash talking overpriced listings but suffice to say there were a lot today—both in Belmont and San Carlos.
But as you probably know we’re here after the […]
We’ll do a quick re-cap of the Belmont housing market for April 2013, since by now unless you’ve been living under a rock you’ve heard that the Peninsula housing market is back in full swing; and some would argue the swing is becoming dangerous to ride.
We’re probably a few years away from that precipice and […]
Looking at the home sales in Belmont during the first quarter, one can see from this spreadsheet that every seller who listed their home received over their asking price. They were only a few exceptions. One was a home that was a short sale which we took out of the mix since those list prices […]
Where did all of the listing go? Where’s the inventory?
That’s a common question today as eager home buyers are wondering if they’ll ever get a house. As we said in an earlier post, it’s not that there aren’t enough homes coming on the market, it’s that they all sell, and so it appears there are […]
Are Home Prices Rising Too Fast?
DAILY REAL ESTATE NEWS | MONDAY, APRIL 15, 2013
Some housing analysts are concerned that the sudden rise in home prices could make homes more unaffordable again if the price increases outpace income growth, The Wall Street Journal reports.
Average housing costs for home buyers who took out a mortgage were around 22.5 […]
