Only 3/14 Belmont Home Owners Had to Reduce their Price in October 2009
Belmont, California, home prices continue to remain stable as indicated by the median sales price of $865,000 for October, 2009. Only 3 of the 14 home owners needed to reduce their asking prices to affect a sale.
Belmont Homes with Strong Buyer Demand
6 homes sold for the asking price or more than the Original List Price and 9 of 14 sold in less than 30 days. Days on market on average dropped to 38 which, by any measure, indicates a fairly strong buyer demand.
Belmont Homes Sold in October 2009
October’s most costly Belmont home sold for $1,120,000 and the lowest priced Belmont home sold for $650,000, both were 3 bedroom homes. The largest home sold – 4 bedrooms – sold for $870,000.
Belmont Home Sellers Are Not Giving their Homes Away
Pending sales outpaced new listings 27/20 which generally means a market sliding toward the seller’s favor. 2/3 of the homes sold in less than 30 days in October, 2009. Certainly, not a seller’s market in terms of the manic we experienced in 2007, but none the less indicative of a market in which sellers are not giving their homes away. Belmont tends to be a community where home owners tend to stay longer and establish ties.
What Do the Numbers Mean to San Mateo Home Buyers and Sellers?
Clearly, Belmont’s home prices are among the Peninsula’s most stable and least volatile. Belmont homes may present, at this time, some of the best values in San Mateo County. Excellent schools and unique hillside topography with mature foliage offer Belmont home buyers a particular character not available on the barren flat lands.
Download a Complete Copy of the San Mateo County Real Estate Price Report
To download a complete copy of the San Mateo County Real Estate Price Report for October, 2009 click on the Adobe PDF logo below. The complete report also contains the real estate price reports for San Mateo, Belmont, Foster City, San Carlos and Redwood City.
Download San Mateo County Price Report in PDF
Want a More Detailed Report?
Click on the “Your Home’s Value” button below for a detailed report of what is going on in your neighborhood. All we need is a zip code and an email address and the report is on its way to you. View a sample market report.
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Raymond Stoklosa, Chela Stoklosa and Rebecca Williamson are Realtors with The RayChel Realty Group specializing in Santa Clara and San Mateo Real Estate.
Tags: Belmont CA
Raymond Stoklosa, Broker/Co-Owner
Chela Stoklosa, Realtor/Co-Owner
