Belmont “hit one out of the park†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 “teams†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.
MEDIAN PRICE
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 Buyer’s market? We think so.
(Click on thechart to see an enlarged version).
Look at the percent a seller receives […]