Is the sky falling when it comes to real estate in 2022, or have we seen this before?
Bay Area real estate has always been buoyed by strong consumer sentiment that the inflated prices will remain a good investment. But once there’s a chink in the armor, all bets are off.
First there was the real impact of rising […]
What you May Not Know About Pricing a Home
Pricing a home in an uncertain market is much harder than it has been in the past few years, where so long as a home was priced low enough, it would garner multiple offers and be bid up to what the current market could bear.
How This Effects […]
The news may be that the interest rate increases and hits to the stock market have not had the extreme consequences for our local Belmont market as many have predicted.
By now you’ve probably heard that interest rates will soon be rising. The media reports simple sound bites such as, “Interest Rates Rise” which is of little help in understanding to which interest rates they are referring—credit card debt, student loan, small business loans or home loans?
Why are the Feds Raising Rates and What will […]
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 […]
Every so often, there’s a home so special that words cannot do it justice. We could describe it as chic, modern, high-tech, luxurious, inviting and comfortable, but one really must see this home in person to appreciate the complete experience.
This nine-year new classically crafted home has been designed in a contemporary style best described as offering clean […]
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 […]
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 […]
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 […]
