Belmont â€œhit one out of the parkâ€ last month as 34 homes closed escrow. One has to go back to May of 2002 to see activity like that. Of course unlike baseball all the â€œteamsâ€ did relatively well as the last minute rush to capitalize on the $8,000 government tax credit lured at lot […]
Changes to the Belmont home market seemed to have slowed recently.
(click the graph for a full sized image) Data retreived from the MLS.
In 2008 the median home price stood at $960,000 in the month of October. This year, it has dropped to $865,000.
Once again the numbers are a bit misleading. The size home […]
Belmont closed out the month of September with less than a stellar performance. There were 18 sales which is respectable–a couple more than last month–but still shy of even a normal market.
Is this still a Buyerâ€™s market? We think so.
(Click on thechart to see an enlarged version).
Look at the percent a seller receives […]