Belmont Real Estate Blog

The sales data for March is available on our web site at MorganHomes.com. It's interesting to note the ten year median price trend and where we are in relation to the overall median price trend.Note that the median in home price for San Mateo County is currently below where it should be in the te...

The sales data for March is available on our web site at MorganHomes.com. It's interesting to note the ten year median price trend and where we are in relation to the overall median price trend.Note that the median in home price for San Mateo County is currently below where it should be in the te...

The sales data for March is available on our web site at MorganHomes.com. It's interesting to note the ten year median price trend and where we are in relation to the overall median price trend.Note that the median in home price for San Mateo County is currently below where it should be in the te...

The sales data for March is available on our web site at MorganHomes.com. It's interesting to note the ten year median price trend and where we are in relation to the overall median price trend.Note that the median in home price for San Mateo County is currently below where it should be in the te...

The sales data for March is available on our web site at MorganHomes.com. It's interesting to note the ten year median price trend and where we are in relation to the overall median price trend.Note that the median in home price for San Mateo County is currently below where it should be in the te...

A front page article in the Sunday edition of the San Francisco Chronicle titled "Lenders Retreat as Market Plummets" (Sam Zukerman-staff writer April 6, 2008) may frighten some people into cashing their home equity line checks fast.The article states that many banks such as Bank of America, Coun...

This is a graph for South San Francisco median home prices illustrating the home price trend for 2007 as compared to San Mateo County as a whole. It's certainly no shock to us that San Mateo County outperformed South San Francisco as a whole since San Mateo County is comprised of very affluent an...

MEDIAN HOME PRICEComparing March of 2007 to March 2008, it's interesting to note that the median price dropped 3.9% or $50,000-from $1,265,000 in 2007 to $1,215,000 in 2008. It's especially revealing in that the median home which sold during those two periods was exactly the same size-2,390 squar...

BELMONT'S MEDIAN HOME VALUE IN MARCHBelmont's median price rose $13,000 in March of 2008 to $984,500 from $971,500 in March 2007-a 1.3% increase. As always, we further examine the median size home to see if larger or smaller homes selling during the sample period could influence the numbers. Sinc...

Notice how the reported median price for 2007 was up 3% over 2006. We adjusted for the fact the the median size home which sold in 2007 was 100 square feet larger. Accounting for larger homes selling, 2007 actually experienced a median price drop of 2.27%, or perhaps better stated swing of 5.27%....