Belmont Real Estate Blog

This home wasn't some fantastic steal of a deal but it was a really nice home. I say was because it was on tour Tuesday and has already sold. Who said the days of fast sales are over! 1612 Clee Street, Belmont $848,500 2/1 1300 Sq. Ft. Clee Street is a little known side street off of Chevy, anoth...

With 46 homes for sale, Belmont's inventory is down this week. Twenty six more have a pending sale. Part of the reason the inventory is low this week is the number of new listings was ZERO. That's very unusual for the summer market. Seven homes went into a pending sale status last week (all but o...

↑Redwood City's housing market looked slightly more stable in June than in recent months. The median price rose to $862,944, a 5.3% increase over May. That's still down from just a year ago when the median home price stood at $945,000. ↑The month's supply of homes-the number of months it would ta...

San Mateo County posted some interesting numbers for June 2008. Looking at the entire county is valuable since it's a large market representation. In other words, small market sample idiosyncrasies have less impact in skewing the numbers. That said, San Mateo County also is comprised of radically...

Not that you have to worry about reading it in the print media anytime soon, but just to give you a head's up the reported median price for Belmont in June fell from $1,098,750 in May to $892,500  or 18.7% in June. Of course we're here to put that stunning decline in perspective. Smaller homes so...

There's been a lot of discussion on whether or not the government should help people during the current mortgage crises. On one side of the debate there's a growing tide of people who feel that greedy speculators get whatever they deserve-on the other, a more compassionate sense of helping victim...

Ever since we launched our foreclosure portal on our web site we've been inundated with inquires requesting information on how to purchase one of the many homes going to auction. What we did not anticipate was the general misunderstanding of the process. First, the opening bid is inappropriately ...

When housing sales are at their peak, agents will often concentrate on selling homes in a particular area-referring out clients who opt to buy or sell in adjacent cities or counties. Conversely, when sale are slow, are agents doing a disservice by listing and selling homes in areas where they hav...

Only nine homes traded hands in May, down from 13 one year ago. Over bidding is waning as seven of the nine homes sold for under the asking price, one sold at asking and one only slightly above. The average time it took to sell a home increased to from 13 days a year ago to 21 this May. These are...

Getting tired of the media reporting the ill fate of the housing market? We're not saying it's not big news. The rate of foreclosures is staggering and until the existing level of homes for sale diminishes (i.e. buyers start buying) it will only get worse. But an interesting story could be told a...