Week in Review

Belmont Housing Activity–Week Ending October 4th 2008

By |October 4th, 2008|

With all of the attention on November’s Presidential election, financial institutions folding over like the house of cards they were made of, and the bitter $7 Billion dollar bail-out pill that no one should have to swallow, it’s amazing any real estate transactions were done at all.
Here’s how the week went in Belmont:
We now have 55 homes listed for sale—up from 49 last week.
Nine new listings hit the market in Belmont while 12 members of Congress played politics with the bailout. Three homes went pending as two more banks merged into one. And finally three—only three—homes closed escrow (at the end of the month nonetheless) and as more banks failed.
Just to put the paltry number of sales for the month of September in Belmont in perspective, in September of 2001, after the United States was attacked by terrorists we still had twelve sales—three more than this September.
You can read our September monthly wrap-up for Belmont here.
NEW LISTINGS
2 Arroyo View Circle 3 Bed 2.5 Bath 1,270 Sq. Ft. TOWNHOME LISTED for $799,000. These town homes are 11 years old and are rather nice. OPEN SUNDAY 10/5 1:00-4:00 Listed By Nadr Essabhoy, Alain Pinel Realtors
1935 Hillman 4 Bed 2.5 Bath 2,580 Sq. Ft. home for $1,150,000. We saw this home last time it sold back in 2003 when it closed for $840,000. The outside façade is a little dated and there’s little yard as it is also a cliff clinger. Listed By Ken Ichiki, Alain Pinel Realtors
813 Miramar Terrace 3 Bed 2.5 bath 1,860 Sq. Ft. home for $1,745,000. What a cool pad! Check this one out this weekend Sunday 10/5 from 1:00-4:30. This home makes you feel like you’re a movie star complete with pool guest house—Cabana boy optional. Listed By Julie Geyer, Carlmont Associates

2430 Coronet Blvd. 3 Bed 1.5 Bath 1,460 Sq. Ft. home for $778,888. Too new to review but at that price this might not be around very long. Put this home on your short list for Belmont. OPEN SUNDAY 2:00-4:00. Listed By Lorelei Keim, Coldwell Banker Sure to be our Belmont’s Best Deal of the week!

809 North Road 3 Bed 1.5 Bath 1,160 Sq. Ft. home LISTED for $629,900. This is a bank sale. It was on the market last year for $900,000. The seller bought it for $670,000 back in 2005. Now you know how far some of the prices have dropped. Decent home in a decent area. Listed By Jan Majeski, Alain Pinel Realtors

1121 Furlong 3 Bed 1 Bath 1,190 Sq. Ft. home LISTED for $654,000. Located in Homeview, this home is a fixer upper. OPEN SUNDAY 10/5 1:00-4:00
By Mark Dunn, Out of Area Office

2812 Wakefield 4 Bed 3 Bath 2.490 Sq. Ft. home LISTED for $1,388,831. Don’t you just love the exact pricing model employed by some agents? Seriously, this home has killer views, is pretty clean and updated inside. The yard is a bungee jump below but heck it’s hard to get everything you want for less than 2 million dollars. Listed By Donna Marie Baldwin, Coldwell Banker-Burlingame

533 Seagate 3 Bed 2 Bath 1,650 Sq. FT home LISTED for $609,000. I have absolutely NO information on this home because 1) there is no tour scheduled for agents, 2) there is no lock box to get in 3) there are no open houses scheduled and 4) there are no pictures. Sorry, but it’s NOT my listing. Listed By Frank Yim, Aquarius Realty

915 Academy 3 Bed 2 Bath 1,100 Sq. Ft. home LISTED for $799,000. OPEN SUNDAY 10/5 1:30-4:30 TOO NEW TO REVIEW.
Re-Listed:
1224 North Road 2 Bed 1 Bath 980 Sq. Ft. home for $599,000. Re-listed with a new agent, this home has great S.F. Bay views but no yard. Nicely updated inside but we disliked the shared driveway. Listed By Trula B. Floyd, Help-U-Sell Floyd Realty
2207 Cipriani Blvd. 5 Bed 3 Bath 2,410 Sq. Ft home for $1,255,000. This home was listed last November for $1,255,000 and lowered to $1,199,000 where it sat for five months and did not sell. Now it’s back up at $1,255,000—hmm Listed By Adele Della-santina, Cashin Company

2406 Coronet Blvd. 4 Bed 3.5 Bath 3,390 Sq. Ft. home for $1,495,000. Well, it will be 3,390 Sq Ft when it gets completed. So far just the framing is up. When it’s done, it will be a cliff clinger with little rear yard unless they terrace something out of the hillside. Sorry No Open House.

SALES (Closed Escrow)
Notice all three homes sold over their asking price.
↑1514 Pine Knoll Drive 2 Bed 1 Bath 1,200 Sq. Ft. home LISTED for $799,000 SOLD for $815,000—DOM 18
↑3410 Hillcrest 3 Bed 2 Bath 1,640 Sq. Ft. home LISTED for $849,000 SOLD for $908,000—8 DOM. This was our Belmont’s Best Deal in the week it premiered.
↑1941 Hillman 2 Bed 2 Bath 1,120 Sq. Ft. home LISTED for $778,000 SOLD for $803,000—2 DOM

If your property is currently listed for sale this is not intended as a solicitation of your listing. Disclaimer: This information is for entertainment purposes only and includes no legal, accounting or real estate advice nor is this intended to be specific to your situation-always consult a specialist who is familiar with the details of your situation.

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Belmont Housing Activity–Week Ending September 27, 2008

By |September 27th, 2008|

Despite the radical financial news in the headlines people continue to buy homes and move forward with their lives.
Belmont’s inventory rose from a three week pattern of 47 listings to 49. New listings accounted for six of those and two more were –re-listed bringing this last week’s total of “new listings” to eight.
Pending sales also […]

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Belmont Housing Activity–Week Ending September 20th 2008

By |September 21st, 2008|

Belmont’s inventory of homes for sale ended exactly where it started off for the third week in row at 47 homes for sale. There were four news listings, six homes went pending and four closed escrow while two homes dropped off the inventory rolls as sellers gave up on trying to sell their homes.

NEW LISTINGS
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Belmont Housing Activity–Week Ending September 12th 2008

By |September 13th, 2008|

It was a busy week for Belmont real estate which was expected now that summer vacations are over and agents get back to work like everybody else.
Out of the gate there were seven new listings, two re-lists, seven pending sales and three homes closed escrow bringing the inventory of single family homes for sale to […]

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Tuesday’s Tour-9/2/2008

By |September 3rd, 2008|

Tuesday’s are tour days of agents. We get a chance to see all of the new listings in one fell swoop. Some of these homes have been open the previous Sunday and you may have already seen them. If you haven’t, here’s my update on the Belmont Homes that were in my Weekly […]

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Belmont Housing Activity–Week Ending August 30th 2008

By |August 31st, 2008|

Belmont had a relatively busy week with 6 new listings, 4 homes went pending and 7 that closed escrow. That brings Belmont inventory of homes for sale to 47, up just slightly from last week.
Be sure and check back in around Thursday as the month’s totals will be in for an interesting perspective on the […]

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Belmont Housing Activity-Week ending August 23, 2008

By |August 23rd, 2008|

Belmont’s housing inventory once again is right at 44 single family homes for sale. A stable inventory is a key element to holding prices stable. We’re only a week away from the month’s end report and we’ll look at the absorption rate—the rate at which homes are selling compared to new listings—the days it takes […]

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