LOOKING FOR THE IDEAL HOME IN BELMONT?
Continue readingBelmont to Lose Its Identity In Court Battle
The city itself is in violation of their own sign ordinance.
Continue readingMy Story. A Story About A Home in San Carlos
I visited a home in San Carlos today and the seller had this story posted for everyone to read. I found it moving…
My Story
Although I was “born” in 1969, my story really began 13 years before. One spring day, a young couple looking for the perfect spot to raise a family, came down the lane. They had seen many, many properties but the woman knew the minute she spotted the majestic oak that this was THE ONE.
Don’t you want to see the house first asked the man, referring to the little, two-bedroom house that was, at the time, the only one on the property.
“Yes”, replied the woman as she plopped down under the oak, “But it won’t matter. I already know this is our home.”
And so it was. Soon they welcomed their first child, then another, and so on. The little house was bursting at the seams. But there was room to grow- underneath the grand oak tree. I swelled with pride when my family moved in. the eldest, on the verge of becoming a young woman, loved her private balcony and hiding away in the library that held shelf-after-shelf of her favorite books. The little red-headed boy chose the largest room because it looked out onto the huge yard he loved to explore, particularly his favorite plum trees that he knew would provide years of climbing and juicy plums ideal for neighborhood battles. The littlest, a brown-haired girl, was tucked away in the smallest bedroom, bedecked with a brand-new canopy bed that made her feel cozy and provided the perfect cave for her collection of much loved stuffed animals.
So, our life together began. As the years went on, I was filled to the brim with love, laughter, song, tears, and heartache –all the joys and sorrows that life brings. I embraced my family and loved watching them grow and change. But, one by one, the children began to leave. I was sad, but I knew that no matter what house the moved to, I was always Home. I was the place that held the Christmas tree; I was the kitchen that cooked Thanksgiving turkey; I was the pool that hosted birthday parties. But as time passed, their visits were less often, the couple stayed with me, but it became clear the others had, at last, found their own perfect homes in which to build new memories.
And one day the couple looked at each other across their now – empty table. Their bodies were bent and their faces weathered. They new, and so did I
“It’s time.”
Time to pass me on to another family, to build their own lifetime of memories, underneath the branches of my sheltering oak tree.
Home Affordability Rises as Interest Rates and Home Values Decline
Home values reverting to levels not seen since 2002, may be the perfect accelerant to fuel a recovery in the housing sector.
Continue readingBelmont Homes Sales Show Continued Improvement
We’re seeing more sellers and buyers out later in the year than ever before and we predict next spring will bring many new buyers to the purchase table along with many new homes to choose from.
Continue readingBelmont Home Values And Sales for August 2011
We expect the pattern of monthly roller coaster statistics—ups and downs—to continue as no doubt we will continue to see Belmont home prices and sales bouncing along the bottom for some time to come.
Continue reading3514 Winway Circle, San Mateo CA 94002 JUST LISTED!
Just Listed! 3514 Winway Circle in San Mateo First Open Sunday, September 25th from 2:00-4:00
Continue reading70 State Parks Slated to Close in California
The What:
Governor Jerry Brown announced today the closing of 70 State parks in California.
Voters had a chance to save the parks back in November when proposition 21 was on the state ballot.
It would have imposed an $18 vehicle registration fee to provide a windfall of cash for ailing parks. The measure would have provided for $500 million a year as a new permanent funding source for parks, protected from the year-to-year roller coaster of the state’s general fund.
But voters gave the measure a strong thumbs-down.
It failed 58 to 42 percent, winning in only 10 of California’s 58 counties, nearly all of them in the Bay Area.
The Where:
So what parks will be closing?
- Anderson Marsh SHP
- Annadel SP
- Antelope Valley Indian Museum
- Austin Creek SRA
- Bale Grist Mill SHP
- Benbow Lake SRA
- Benicia Capitol SHP
- Benicia SRA
- Bidwell Mansion SHP
- Bothe-Napa Valley SP
- Brannan Island SRA
- California Mining & Mineral Museum
- Candlestick Point SRA
- Castle Crags SP
- Castle Rock SP
- China Camp SP
- Colusa-Sacramento River SRA
- Del Norte Coast Redwoods SP
- Fort Humboldt SHP
- Fort Tejon SHP
- Garrapata SP
- George J. Hatfield SRA
- Governor’s Mansion SHP
- Gray Whale Cove SB
- Greenwood SB
- Grizzly Creek Redwoods SP
- Hendy Woods SP
- Henry W. Coe SP
- Jack London SHP
- Jug Handle SNR
- Leland Stanford Mansion SHP
- Limekiln SP
- Los Encinos SHP
- Malakoff Diggins SHP
- Manchester SP
- McConnell SRA
- McGrath SB
- Mono Lake Tufa SNR
- Morro Strand SB
- Moss Landing SB
- Olompali SHP
- Palomar Mountain SP
- Petaluma Adobe SHP
- Picacho SRA
- Pio Pico SHP
- Plumas-Eureka SP
- Point Cabrillo Light Station
- Portola Redwoods SP
- Providence Mountains SRA
- Railtown 1897 SHP
- Russian Gulch SP
- Saddleback Butte SP
- Salton Sea SRA
- Samuel P. Taylor SP
- San Pasqual Battlefield SHP
- Santa Cruz Mission SHP
- Santa Susana Pass SHP
- Shasta SHP
- South Yuba River SP
- Standish-Hickey SRA
- Sugarloaf Ridge SP
- Tomales Bay SP
- Tule Elk SNR
- Turlock Lake SRA
- Twin Lakes SB
- Weaverville Joss House SHP
- Westport-Union Landing SB
- William B. Ide Adobe SHP
- Woodson Bridge SRA
- Zmudowski SB
The When:
Expect the closures to begin in September, with all 70 closings completed by July 2012.
Today’s Mystery QR Code
What is a QR code?
Wikipedia defines it as: "A QR code (short for Quick Response) is a specific matrix barcode (or two-dimensional code), readable by dedicated QR barcode readers and camera phones. The code consists of black modules arranged in a square pattern on a white background. The information encoded can be text, URL or other data.
Common in Japan, where it was created by Toyota subsidiary Denso-Wave in 1994, the QR code is one of the most popular types of two-dimensional barcodes. QR is the abbreviation for Quick Response, as the creator intended the code to allow its contents to be decoded at high speed."
You'll need an app for your phone to decode this which varied depending on your operating system. My Blackberry Storm uses ScanLife with good results but other blackberry devices may use code cruncher–just Google them and you'll find one that works. Then simply snap a picture of this QR code with your phone's camera (with the app open) and it runs out to the internet and delivers…well, in this case your FREE Friday photo.
We use these codes on our web site and flyers to deliver information to people's phones rather than wasting print advertising paper resources. You’ll also see them on our sign post at a listed home in case the flyers run out or someone has the ability to be eco-friendly and download rather than take a printed flyer.
Our Mystery FREE Friday Photo can be downloaded here by scanning this QR code–try it; we think you'll like the new technology.
Happy Friday!
Belmont Housing Market Report for November 2009
Well it’s another one of those tricky months where the numbers tell an inaccurate story when it comes to the value of Belmont homes.
(Click on the graphic for a full size view)
MEDIAN HOME PRICE
Looking at the raw numbers, the median home value in Belmont dropped from $912,500 last November to $784,000 this year. That’s a whopping 14% decrease but wait—let’s look at what really happened.
This November Belmont had three short sales which greatly impacted the results. More importantly was that the majority of the homes sold were much smaller than they were last year. Larger homes sell for less per square foot (since land is a constant). Therefore if many smaller homes sell in a given period the price per square foot statistic will rise while the median home price will fall. Watch for this inversely proportional relationship to guess when there might be more to the story than meets the eye.
The median size Belmont home which sold in 2008 was 2095 Sq. Ft. and only 1568 in 2009. The difference of 342 square feet multiplied by the smaller price per square foot median of $488 last year means the adjusted median home value in Belmont this November would be $950,000, or an increase of 4%.
NUMBER OF SALES
The most impressive statistic is the number of sales which at 22 almost tripled from 2008. That speaks volumes as to consumer confidence in the local market. If sales were up because values were dramatically depressed, that would not be nearly as impressive. Of course the artificial interest rates people are enjoying right now are no doubt a contributing factor in the number of buyers who see an opportunity to lock in a home with a 30 year mortgage for under 5%–better move soon if that’s an important factor in your home buying decision.
DOM
The time it took to sell a home is virtually unchanged but it’s interesting to note, after much analysis, that the actual DOM this November was 121, not 39. This is because several of the short sales which took FOREVER to sell (usually because the banks are really bad at getting around to looking at offers) skewed the numbers (see the lower row of adjusted sales).
% Received
The percent a seller received of asking remains as a statistic, virtually unchanged; however this number varies dramatically from home to home.
What’s our take on this?
The Belmont market appears to be stabilizing in a comfort zone where buyers can still get reasonable deals and most sellers still have ample equity.
Call today if you are thinking of a move in 2010!