Janet Pepe

Belmont Home Sales Suffer From A Stall

By |July 18th, 2016|

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 […]

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Best of Tour 2.10.2015

By |February 10th, 2015|

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 […]

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Belmont Home Values–Are They Sustainable in 2014?

By |January 25th, 2014|

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 […]

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Shiny Penny Tour Day for the Best Bay Area Deals 5.14.2013

By |May 14th, 2013|

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 […]

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Belmont Home Values Rise Again in April But Sales Cool Off – Housing Report for April 2013

By |May 9th, 2013|

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 […]

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Housing Price Increases – Is There Any End in Sight?

By |April 18th, 2013|

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 […]

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Where Did All the Inventory Go? Long Time Passing…

By |April 18th, 2013|

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 […]

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Are Home Prices Rising Too Fast?

By |April 15th, 2013|

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 […]

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Forget Everything You Thought You Knew About Home Values

By |April 12th, 2013|

It seems there’s even more pent-up demand for housing than there was after the 1989 housing crash. The lower than usual interest rates is undoubtedly a contributing cause for the frenzied activity but what else is creating the stratospheric rise in housing activity?

It’s becoming a common event for a home to have 10-20 offers submitted […]

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Just Listed! 1532 Altura Way, Belmont

By |April 20th, 2012|

Another new listing in Belmont for April 20th 2012