Explore Belmont, CA

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
Examining the Real Estate Model-Part 2 In a strong seller's market it's much easier to sell a home. In recent years many Bay Area homes have been selling over the asking price in a week or two and with multiple offers. With record high median prices, it's not surprising that many would flock to t...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 1
One of the big complaints from the buyers of on-line virtual agents they represent is they can't get in to see a home since their agent does not show property. A virtual agent's buyer's only recourse is to go to open houses or call the listing agent directly to show the home.Many listing agents a...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 4
The short answer is of course yes. Different sellers have different needs and abilities and some may choose a full service model and others limited or no service at all-the choices have been there all along. Yet the arrival of virtual Internet brokers has spawned a new ideology of it's either "us...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
With the introduction of another new virtual real state company (see Inman News RealUmbrella seeks to shut agents out of transactions), it's appropriate to remind people that the choices they make in who to hire and what type of service they need (or can afford) has consequences. The real estate ...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
Many of the real estate stories you may be hearing are dealing with national or statewide issues and do not reflect our local market. That doesn't mean that the overall housing picture doesn't affect our market-it does. The perception of a declining market is all it takes to create one. As optimi...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
Inventory levels are rising to the highest level in at least the last four years as anxious buyers put off purchasing their first home. Clearly this is an indication of a market slow down or pull back. How long it will last and how it affects the median price is yet to be seen.    Drew & Christin...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
This graph which show3s the sales in San Mateo County through August of 1997 exemplifies the waning sales since last year. In fact, sales are almost down 50% over 2004. Many buyers are waiting for better interest rates (although they currently are near historical lows and others simply cannot aff...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
Clearly the report of waning sales are correct. This graph illustrates closed sales for Belmont for the last four years. Note that sales are down nearly 40% over prior years. This is indicative of trepidation on the part of buyers worried about the future of home values and mortgage rates. It als...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
Here we see Belmont's inventory levels while higher than recent times, still within acceptable levels indicating a modest economy and housing future. Inventory or the number of homes for sale directly impacts selling prices if demands is stable. Inventory can grow simply because buyers are not bu...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
This graph shows sales for the last the last four years for Belmont, California. It's interesting to note that even with higher inventory levels, the median price is till holding along the trend-line where it would be calculated to be based upon past trends, The third quarter ending period in Sep...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 1
There's just got to be a reason to why people choose to pay more to live in one city over another..help me figure it out! (Tongue in cheek folks...)We live in a little town called Belmont. We bought a home there because back then no one else was. That meant it was a lot less expensive than other ...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 2
Are you prepared for a changing market?It's no secret that home sales are down and inventories increasing. What does this mean for sellers? For the first time in years selling their home will take longer and pricing it will be critical; sellers will also be more discerning on who they hire.Experi...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
Most Sunday's we're busy working in real estate whether it's holding an open house or showing property. This Sunday we had the day off and we were excited to be able to get over to Belmont's Farmer's Market.This week they were promoting the last grapes of the season and there were more varietals ...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
Belmont's Chamber of Commerce is sponsoring a meet the candidates night Thursday, October 4th at the library from 7:00-9:00. This is a great opportunity to meet the new candidates before the November 6th election. There are some excellent candidates challenging the sitting council and you owe it ...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
As flawed as Zillow's "Zestimator" and other sites are at calculating home values, I don't believe they are trying to be the "End-All" and replace the need for Real Estate Agents. And though this new company "Cyberhomes" may use their own data, that even makes it less credible, not more.These com...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 1
Which end is up? or Understanding Our Housing MarketPart 1 of a 2 part series"Reports of my death are greatly exaggerated"-- Mark Twain quotation after hearing that his obituary had been published in the New York Journal.The same might be true for the real estate market in the Bay Area. While eve...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
The Writing was on the WallAddendum to Part 1 of a 2 part series--"Which End is Up" or Understanding Our Housing Market"Historically low interest rates, low cost housing availability across the country, investors hungry to reap a return after the dot com crash all set the stage for an overactive ...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 0
Part II of a Two Part seriesPart 1 "Which End Is Up" or "Understanding Our Housing Market"Opportunities in an Emerging MarketThere are always opportunities in any market. As in the stock market where you can profit on a given stock whether it is going up or down depending on the position you hold...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 2
Agent Exodus in Real EstateThis is an interesting article from the New York Times about agents getting out of the real estate business. Sorry, but I got in the business in 1990 when it was waning and made it through the tough times for the next five years. If these agents aren't committed to maki...

By Drew & Christine Morgan, Belmont California Real Estate
(RE/MAX Star Properties)
Comments 1
We launched our own local blog for Belmont, California. We live in a small town (relatively in the bay area) of 25,000 people. Starting our own local blog seemed like a great way to give back to the community and increase our local exposure at the same time. I listened to a recent interview about...

Belmont, CA Real Estate Professionals